Bank of East Asia launches 3-month fixed deposit with annual interest rate up to 8.8% for new customers

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    8th October 2022 – (Hong Kong) Towards the end of the year, many banks in Hong Kong have launched time deposit offers to attract customers. Bank of East Asia (0023) offers a 3-month fixed deposit with annual interest rate up to 8.8% for new customers, the highest in Hong Kong. The maximum cap for this time deposit is HK$10,000 with return on interest of HK$220 after 3 months. BEA said that for its new customers of its all-digital integrated account “BEA GOAL”, a 3-month Hong Kong dollar time deposit with an annual interest rate of up to 8.8% is available for eligible customers to use the mobile app “BEA App” during the promotion period. Customers can set up time deposits with a minimum deposit of HK$1,000 and a maximum of HK$10,000.

    Meanwhile, the virtual bank LIVI has launched a Hong Kong dollar time deposit discount. The one-year time deposit interest rate is 3.8%, which is higher than Fubon Bank’s 3.7%, currently the highest in Hong Kong. The 6-month time deposit rate is also as high as 3.6%, higher than Fubon Bank’s 3.5%. Each time deposit amount is limited to between HK$200,000 and less than HK$5 million, and the maximum total fixed deposit amount per customer is HK$10 million. This limited offer is available to both new and existing customers.

    
    
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