Like Tree20Likes

How to open a USD bank account in HK that gives 2% interest rate in the saving account?

Closed Thread
Page 1 of 3 1 2 3 LastLast
  1. #1

    Join Date
    Oct 2018
    Posts
    487

    How to open a USD bank account in HK that gives 2% interest rate in the saving account?

    I have a lot of cash in my bank that doesn't bring any interest. I can find some banks online that give an interest rate of 2% or so in their saving account. But of course they are in the US. Is there a way to open a bank account while I live in Hong Kong that gives this kind of interest rate?

    Or what other ideas do you have to park my money?


  2. #2

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557

    HSBC Expat (which is available to HK residents now) is offering 2.8% on USD for six months. Minimum deposit is GBP25k (currency equivalent).


  3. #3

    Join Date
    Feb 2009
    Posts
    8,280

    Give me you HKD cash and I will give you 1.6% guaranteed, no term you can have it back whenever you want with just a few days notice.

    rkenia852 and Drunken Master like this.

  4. #4

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,967

    If its fixed deposits take a look at AABest for HKD / USD rates:

    https://www.aabest.com/en/timedeposi...by=2&orderby=1

    pin and Cminds like this.

  5. #5

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557
    Quote Originally Posted by shri:
    If its fixed deposits take a look at AABest for HKD / USD rates:

    https://www.aabest.com/en/timedeposi...by=2&orderby=1
    ICBC 2.5%, nice, but minimum deposit HKD5 Million!!!!!

  6. #6

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,967
    Quote Originally Posted by pin:
    ICBC 2.5%, nice, but minimum deposit HKD5 Million!!!!!
    Baller rates need baller deposits.
    Kowloon Goon and mrgoodkat like this.

  7. #7

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,317

    2% is easy in a time deposit with DBS and can do it online, they don't have the BS concept of new or existing funds. All funds can get the best promotional rate.


  8. #8

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    15,557
    Quote Originally Posted by MandM!:
    2% is easy in a time deposit with DBS and can do it online, they don't have the BS concept of new or existing funds. All funds can get the best promotional rate.
    Do you have to be an existing DBS customer?

  9. #9
    Quote Originally Posted by pin:
    HSBC Expat (which is available to HK residents now) is offering 2.8% on USD for six months. Minimum deposit is GBP25k (currency equivalent).
    6 months is a joke.
    Morrison likes this.

  10. #10

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,317
    Quote Originally Posted by pin:
    Do you have to be an existing DBS customer?
    Well you have to be a customer to open a time deposit =D

Closed Thread
Page 1 of 3 1 2 3 LastLast