Depends on how much you invest and for how long....
US$50k + for 3/6 month you should be looking at 4.7/4.8/4.9%....
5k min I think
That's a great return, especially my understanding is that there is zero tax on interest income in HK right?
I suppose if we were to sell our UK home, these kind of 1 year+ savings will likely all give a tax free return of about 5% then based on what you say here. This would be fantastic
One look at their application form (literally printed out, highlighted and scanned back in for new customers to then print out and complete) and I'm out.
https://hk.statebank/documents/12150...071116?noembed
Last edited by shri; 04-03-2024 at 03:39 PM. Reason: fixed link..
Bank of China had the same kind of form, but with lower quality on a recent mortgage application. Haha, still went with them though, and so far I'm quite happy with the decision.
So, yeah, I wouldn't walk away from a good interest rate just because of this trivial issue. You can still complete everything online, and at least they're not asking you to fax anything.
".....is zero tax on interest income in HK right?"
Correct!