Compare and find the best savings accounts and interest rate in Hong Kong

Big things often have small beginnings. Save for your future, dreams and emergency. Provided is a list of saving services available in Hong Kong. . Once you've made your choice, click on the "Apply Now" button to begin the application process. It is that easy!

Bank and Product Name Interest Rate Minimum Deposit Features Apply Now
China Construction Bank
Hong Kong Dollar Savings Account
0.40 % 5,000.00
  • The interest rate changes when the Prime Rate moves
Apply Now
Bank of Communications
Saving Deposit
0.01 % 0.00
  • The higher balance, the more preferential interest rate
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Wing Hang Bank
RMB Savings Account
0.50 % 1,000.00
  • choose either passbook savings or statement savings
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Chong Hing Bank
HKD Savings Deposit Account
0.02 % 10.00
  • free interest tier and account maintenance fee
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Chong Hing Bank
RMB Savings Deposit Account
0.48 % 0.00
  • free interest tier and account maintenance fee
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ICBC Asia
Savings Account
0.35 % 100.00 Apply Now
ICBC Asia
Savings Account
0.01 % 0.00
  • choose either passbook savings or statement savings
Apply Now
Shanghai Commercial Bank
RMB No Passbook Savings Account
0.35 % 0.00
  • deposit / withdraw RMB notes
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Shanghai Commercial Bank
HKD Current Savings Account
0.10 % 100.00
  • monthly fee waiver if accounts average daily balance over HK$5,000
Apply Now
Fubon Bank
HKD Interest-bearing Current Account
0.05 % 0.00 Apply Now
China Construction Bank
Hong Kong Dollar Savings Account
0.00 % 20,000.00
  • Withdraw money whenever you want
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China Construction Bank
Fixed Rate Target Savings
0.00 % 500.00
  • In the form of fixed savings, you can select from HKD, USD or RMB account
Apply Now
China Construction Bank
Hong Kong Dollar Savings Account
0.01 % 1,000.00
  • Simple interest accrued daily and paid monthly
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Dah Sing Bank
Renminbi Savings Account
0.05 % 100.00
  • small exchange rate
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Dah Sing Bank
Renminbi Savings Account
0.05 % 100.00
  • small exchange rate
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Chiyu Banking Corporation
Savings Account
0.20 % 0.00 Apply Now
Chiyu Banking Corporation
Savings Account
0.02 % 10.00
  • Earn interest daily and deposited semi-annually
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CITIC International
Checking & Savings
0.06 % 100.00
  • Hong Kong Dollar, US Dollar and Renminbi Statement Savings for your selection
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CITIC International
Checking & Savings
0.06 % 100.00
  • Competitive interest rates paid half-yearly in June and December
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CITIC International
Value Savings Account
0.20 % 10,000.00
  • Competitive interest rates paid half-yearly in June and December
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CITIC International
Passbook Savings Account
0.50 % 100.00
  • The Handy Way to Deal with Multiple Currencies
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CITIC International
Multi-Currency Statement Savings Account
0.50 % 100.00
  • The Handy Way to Deal with Multiple Currencies
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Wing Lung Bank
Renminbi Savings Account
0.50 % 500.00
  • Initial deposit of just RMB500
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Wing Lung Bank
HKD Premium Savings Account
0.02 % 0.00
  • Interest to be credited to your account monthly
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Wing Lung Bank
Renminbi Savings Account
1.00 % 500.00
  • Initial deposit of just RMB500
Apply Now
DBS
Save & Cheque Account
0.10 % 30,000.00
  • Combined Savings and Cheque Functions
Apply Now

Savings Account in Hong Kong

Minimum opening deposit is as low as HKD 1,000 for Hong Kong Dollar Savings Account. However, Foreign Currency Savings Account manages RenMinBi (RMB) and a variety of foreign currencies conveniently in one consolidated Multi-Currency Savings Account. If you are using Foreign Savings Account, you may exchange currencies via any branches of Bank of China Hong Kong, Nanyang Commercial Bank Ltd and Chiyu Banking Corporation Ltd, Phone Banking and Internet Banking anywhere, anytime. The interest rate can vary from 0.01%-0.50% from various banks.

What is a Savings Account?

Savings Account has more flexible access to your money as it allows you to withdraw money daily but giving interest on the balance. Interest is calculated daily and deposited semi-annually. It usually used as a Payroll Service, Direct Debit Authorization and Currency Exchange.

Why using a Savings Account?

You may just withdraw through ATM, Phone Banking and Internet Banking anywhere. Monthly statement will list down all transactions for your overview. This is suitable when you need to withdraw your money anytime and anywhere especially when you need cash for emergency. This can also be extra income and encourage savings among fixed income earners.