Compare Fixed-Rate Deposits in Hong Kong

Live offers

23 live offers compared from 17 providers, from HK$3.60. Updated daily.

What are Fixed-Rate Deposits in Hong Kong?

A fixed-rate deposit, or time deposit, locks a sum of money with a bank for a set term at a guaranteed interest rate. You cannot access the funds until maturity without penalty, and in return you earn a higher, certain rate than an easy-access savings account. In Hong Kong, banks compete aggressively on time-deposit rates for new money, with terms from one week to several years and rates that move with the interest environment.

How the Hong Kong market works

Banks post promotional time-deposit rates to attract new funds, often reserving the best rate for new money, a minimum sum, or a specific short tenor. Standard Chartered HK, DBS Hong Kong, HSBC Hong Kong, Bank of China (Hong Kong), Citibank HK and Dah Sing Bank run frequent promotions, while virtual banks ZA Bank and Livi Bank offer competitive online time deposits with low minimums. HK$ and foreign-currency (notably USD and CNY) deposits are both common.

Benefits

Guaranteed return — the rate is fixed for the term, giving certainty regardless of market moves.

Higher than savings — time deposits usually pay more than easy-access accounts.

Foreign-currency options — lock in USD or CNY rates to diversify or match future spending.

Flexible tenors — choose from short weeks to multi-year terms to suit your horizon.

Deposit protection — eligible HK$ time deposits are covered up to HK$800,000 per bank for added security.

How to choose

Compare the annualised rate for the exact tenor and amount you have, and check whether the top rate needs new money or a minimum sum. Note the penalty for early withdrawal, whether interest is forfeited or reduced, and the maturity handling (auto-rollover can trap funds at a lower rate). Ladder deposits across tenors if you want a mix of yield and access.

Leading providers in Hong Kong

Standard Chartered HK, DBS Hong Kong, HSBC Hong Kong, Bank of China (Hong Kong), Citibank HK and Dah Sing Bank frequently top the time-deposit tables with new-money promotions; virtual banks ZA Bank and Livi Bank offer competitive online rates with low minimums and quick booking. Because promotional rates change often and vary by tenor, compare current offers for your specific amount and term.

What it costs

Time deposits are free to open; the return is the interest rate, with promotional HK$ rates reaching around 3.6% or higher on favoured short tenors in the current market, and minimum deposits varying from small sums up to HK 0,000 or more for the best rates. Early withdrawal typically forfeits some or all interest, so only commit money you can leave untouched until maturity.

Protections and regulation

Time deposits are held with banks authorised and supervised by the HKMA, and eligible deposits are protected by the Deposit Protection Scheme up to HK$800,000 per depositor per bank. Foreign-currency time deposits carry exchange-rate risk on conversion back to HK$. The Code of Banking Practice requires clear disclosure of the rate, tenor and early-withdrawal terms before you commit.

Common questions

Can I withdraw early? — Usually only with a penalty that forfeits some or all interest; funds are locked until maturity.

Is the rate on all my money? — Promotional rates often require new money and a minimum; check the conditions.

Are foreign-currency deposits risky? — They add exchange-rate risk when you convert back to HK$, even though the interest is fixed.

What happens at maturity? — Funds and interest are released; watch for auto-rollover clauses that re-lock the money at a possibly lower rate.

Should I ladder deposits? — Splitting money across staggered tenors balances earning a higher rate with keeping some funds regularly accessible.

Fixed-Rate Deposits in Hong Kong — FAQ