Hong Kong banks offer high-interest fixed deposit promotions

Hong Kong banks are offering various high-interest fixed deposit promotions for both new and existing customers. Ping An Bank provides a significant promotional rate of up to 16% p.a. for new customers on 1-month HKD fixed deposits, capped at the first 100,000 HKD. ICBC Asia is offering a 6% p.a. rate for new customers on 3-month HKD fixed deposits, with a maximum deposit limit of 200,000 HKD.

Other institutions are providing competitive long-term rates. OCBC offers up to 3.55% p.a. for 12-month deposits, while Bank of East Asia provides up to 4% p.a. for 6-month HKD fixed deposits for personal customers who complete specific investment or insurance transactions. Additionally, banks like Fubon and Ant Group are offering rates around 3.45% for longer terms, and Nanyang Commercial Bank has increased its rates for 12 to 36-month terms to approximately 4% p.a.