Reply
Page 8 of 8 FirstFirst ... 5 6 7 8
Like Tree32Likes

HKD/USD @ 7.85?

  1. #71

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    21,521

    Article says that the banks are also holding, 290B+ in time deposits.

    Banks Scrambling for Hong Kong Deposits Push Rates as High as 3%

    https://www.bloomberg.com/news/artic...s-as-high-as-3

    Have a GeoExpat related problem - please create a support ticket.

  2. #72

    Join Date
    Jul 2012
    Posts
    1,158

    3%? crap. if that happens, moving my USD back to HKD. lol


  3. #73

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    21,521

    Don't be in a rush. The headline is misleading.

    Might be good for shareholders as this IPO madness will definitely be good business for banks who have the cash.

    Banks held HK$2.3 trillion ($292 billion) in time deposits as of February, the most in at least two decades, HKMA data show. Because rising demand for loans allows them to pass higher costs on to borrowers, executives don’t expect increasing deposit rates to crimp profits.
    Have a GeoExpat related problem - please create a support ticket.

  4. #74

    Join Date
    Dec 2010
    Posts
    1,904

    that 3% for a 12 month period pro-rated to the three months?


  5. #75

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    21,521
    Quote Originally Posted by chichow
    that 3% for a 12 month period pro-rated to the three months?
    3% for speculation... don't think I've seen any bank raise their deposit rates yet.
    Have a GeoExpat related problem - please create a support ticket.

  6. #76

    Join Date
    May 2006
    Location
    Pampanga, Philippines
    Posts
    16,857

    How is the HK dollar doing now against the USD?


  7. #77

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    21,521

    7.8498

    hullexile likes this.
    Have a GeoExpat related problem - please create a support ticket.

  8. #78

    Join Date
    Oct 2010
    Posts
    15,966
    Quote Originally Posted by hullexile
    How is the HK dollar doing now against the USD?
    Pegged la
    shri likes this.

  9. #79

    Join Date
    Mar 2010
    Posts
    4,950
    Quote Originally Posted by shri
    3% for speculation... don't think I've seen any bank raise their deposit rates yet.
    What's the max you have seen ?
    And is there a limit to the amount ?
    I just bought stocks for little under 5% dividend yield, had too much loose cash flying around, amongst other reasons for buying ...

  10. #80

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    21,521

    Click on here: https://www.icicibank.com/nri-bankin...emp/rates.page

    Scroll to FCNR FDs and view some of the tables. Thanks to @nivantj for this one.

    Have a GeoExpat related problem - please create a support ticket.

Reply
Page 8 of 8 FirstFirst ... 5 6 7 8