Digital banks offer high interest rates in Hong Kong and Taiwan

Banks in Hong Kong and Taiwan are offering competitive interest rates on digital savings and fixed deposit accounts to attract new customers.

In Taiwan, O-Bank is promoting a digital savings account offering up to 12% annual interest on the first 100,000 TWD for new customers for a one-month period. Additionally, new customers can access up to 12% annual interest on USD fixed deposits.

In Hong Kong, several banks have raised their HKD fixed deposit rates. Ping An Digital Bank is offering a 12% annual interest rate on the first 100,000 HKD for new customers on one-month deposits. China Construction Bank (Asia) is offering a 5.88% rate for three-month deposits on up to 50,000 HKD for new customers. Other institutions, including OCBC, CITIC, and ICBC (Asia), are providing various tiered rates ranging from 3% to 6% depending on deposit duration and specific promotional requirements.