For guys that like fixed deposit, i actually appreciate DBS's system alot.. they just put their decent deposit rate online and you can get them thru. CNH is given at 2.4% p.a. and now HKD back up to 1%. I know these are not inflation beating numbers but for liquid assets they are useful. No irritating problem of 'branch rate' etc.etc.. where you have to go into the branch just for the RM to try to convince you to buy investment products when you only want fixed deposits (always happen in Singapore).
But remember don't use the 'default roll over deposit and interest' option when you set fixed deposit in HK DBS.. i had some rolled over into 12mth 0.01% deposits.. and cumblesome to undo it..
Is DBS the current best offer? 12 months is a bit long, 3-6m would be better for me and those DBS rates are in line with Mox, so I might as well keep Mox..
Yeah the ones that want to force you into a branch to fill in a form are the worst. I see some BOC branches advertising 4% on HKD but I'm sure that's painful to get...
The thing about those 4% is, they are not even a full year deposit.. most are just for 1 month or some even just 7 days.. so entirely nonsense..
Key difference between DBS and Mox, is the max amount you can place.. Mox only allows like 250k for that 0.30%.. easily breached...
Revolut has removed Hong Kong from their list of countries/regions.
Hong Kong had been listed with "Coming Soon!" under it, similar to many other markets where they eventually launched. However, it seems that Revolut is now giving up on Hong Kong for the foreseeable future.
Revolut continues to forge ahead and is predicted to be in 100 markets by the end of this year.
Oh wow, I got curious and clicked on shri's DBS link in earlier Feb post.
https://www.dbs.com.hk/personal/prom...OnlineTD-promo