Compare Savings Accounts in Hong Kong

Savings accounts in Hong Kong are tracked across high-street banks, building societies and digital challengers, with all eligible deposits protected by Hong Kong's Deposit Protection Scheme up to HK$500,000. Compare introductory bonus rate expiry dates carefully — many top-rate accounts revert to a lower standard rate after 12 months, and the switch requires action to retain the rate.

22 live savings accounts offers tracked across 15 Hong Kong providers, with rates from 0.01% AER. Data current as of 23 October 2026 and updated daily from the Giraffy database.

Live offers

22 live offers compared from 15 providers, from 0.01% AER. Updated daily.

HSBC HK Everyday Savings Account HSBC Hong Kong

0.01% AER

  • Interest Rate: 0.01% p.a.
  • Account Type: Savings
  • Access / Term: Instant Access
  • Balance Limits: Min HKD 5,000
  • Deposit Protection: HKDPB — up to HK$500,000

Standard Chartered HK Savings Standard Chartered HK

0.01% AER

  • Interest Rate: 0.01% p.a.
  • Account Type: Savings
  • Access / Term: Instant Access
  • Balance Limits: No minimum
  • Deposit Protection: HKDPB — up to HK$500,000

DBS HK Savings Account DBS Hong Kong

0.01% AER

  • Interest Rate: 0.01% p.a.
  • Account Type: Savings
  • Access / Term: Instant Access
  • Balance Limits: Min HKD 3,000
  • Deposit Protection: HKDPB — up to HK$500,000

CMB Wing Lung Savings CMB Wing Lung

0.01% AER

  • Interest Rate: 0.01% p.a.
  • Account Type: Savings
  • Access / Term: Instant
  • Balance Limits: Min HKD 5,000
  • Deposit Protection: HKDPB — up to HK$500,000

Hang Seng Savings Plus Account Hang Seng Bank

0.01% AER

  • Interest Rate: 0.01% p.a.
  • Account Type: Savings
  • Access / Term: Instant Access
  • Balance Limits: Min HKD 3,000
  • Deposit Protection: HKDPB — up to HK$500,000

OCBC HK Savings Account OCBC HK

0.05% AER

  • Interest Rate: 0.05% p.a.
  • Account Type: Savings
  • Access / Term: Instant Access
  • Balance Limits: Min HKD 5,000
  • Deposit Protection: HKDPB — up to HK$500,000

Fubon Bank HK Savings Fubon Bank

0.05% AER

  • Interest Rate: 0.05% p.a.
  • Account Type: Savings
  • Access / Term: Instant Access
  • Balance Limits: Min HKD 5,000
  • Deposit Protection: HKDPB — up to HK$500,000

BOCHK iSavings Account Bank of China HK

0.08% AER

  • Interest Rate: 0.08% p.a.
  • Account Type: iSavings
  • Access / Term: App Access
  • Balance Limits: Min HKD 1,000
  • Deposit Protection: HKDPB — up to HK$500,000

BOCHK Smart Savings Account Bank of China HK

0.10% AER

  • Interest Rate: 0.10% p.a.
  • Account Type: Savings
  • Access / Term: Instant Access
  • Balance Limits: Min HKD 10,000
  • Deposit Protection: HKDPB — up to HK$500,000

Fubon 12-Month Time Deposit Fubon Bank

2.70% AER

  • Interest Rate: 2.70% p.a.
  • Account Type: Time deposit
  • Access / Term: 12-month term
  • Balance Limits: Minimum HK$500,000
  • Deposit Protection: HKDPB — up to HK$500,000

HKBN JE e-Savings Account HKBN

3% AER

  • Interest Rate: 3.0% p.a.
  • Account Type: e-Savings
  • Access / Term: Instant
  • Balance Limits: Min HKD 500
  • Deposit Protection: HKDPB — up to HK$500,000

Dah Sing eSavings Account Dah Sing Bank

3.20% AER

  • Interest Rate: Up to 3.2% p.a.
  • Account Type: eSavings
  • Access / Term: Online Access
  • Balance Limits: Min HKD 50,000
  • Deposit Protection: HKDPB — up to HK$500,000

Airstar Bank Savings Airstar Bank

3.50% AER

  • Interest Rate: 3.5% p.a.
  • Account Type: Digital Savings
  • Access / Term: Instant
  • Balance Limits: No minimum
  • Deposit Protection: HKDPB — up to HK$500,000

ZA Bank Savings Account ZA Bank

3.50% AER

  • Interest Rate: Up to 3.5% p.a.
  • Account Type: Digital Savings
  • Access / Term: Instant
  • Balance Limits: No minimum
  • Deposit Protection: HKDPB — up to HK$500,000

Mox Savings Mox

3.50% AER

  • Interest Rate: Up to 3.50% total
  • Account Type: Virtual bank savings
  • Access / Term: Instant access
  • Balance Limits: See mox.com
  • Deposit Protection: HKDPB — up to HK$500,000

HSBC HK Time Deposit HSBC Hong Kong

3.50% AER

  • Interest Rate: 3.5% p.a.
  • Account Type: Time Deposit
  • Access / Term: Fixed Term
  • Balance Limits: Min HKD 10,000
  • Deposit Protection: HKDPB — up to HK$500,000

Mox Save Account Mox

3.60% AER

  • Interest Rate: 3.6% p.a.
  • Account Type: Digital Savings
  • Access / Term: Instant
  • Balance Limits: No minimum
  • Deposit Protection: HKDPB — up to HK$500,000

Livi Save Account Livi Bank

3.60% AER

  • Interest Rate: 3.6% p.a.
  • Account Type: Digital Savings
  • Access / Term: Instant
  • Balance Limits: No minimum
  • Deposit Protection: HKDPB — up to HK$500,000

Citibank HK Savings Plus Citibank HK

5% AER

  • Interest Rate: Up to 5% p.a.
  • Account Type: Premium Savings
  • Access / Term: Instant Access
  • Balance Limits: Min HKD 10,000
  • Deposit Protection: HKDPB — up to HK$500,000

ZA Bank Savings Go ZA Bank

6.30% AER

  • Interest Rate: Up to 6.30% (promo, first HK$200k)
  • Account Type: Virtual bank savings
  • Access / Term: Instant access
  • Balance Limits: Promo on first HK$200,000
  • Deposit Protection: HKDPB — up to HK$500,000

Fubon Bank Plan Fubon Bank

HK$850 /month

  • Provider: Fubon Bank

Mox Plan Mox

HK$1245 /month

  • Provider: Mox

What are Savings Accounts in Hong Kong?

A savings account holds cash you want to keep accessible while earning interest. In Hong Kong, virtual banks and promotional tiers have pushed savings rates up sharply, with headline offers on new funds well above traditional passbook rates. Accounts come as everyday HK$ savings, multi-currency savings, and high-yield promotional accounts that pay a boosted rate on balances up to a cap for a limited period.

How the Hong Kong market works

Rates track the wider interest environment and bank promotions. Virtual banks Mox and ZA Bank lead on headline rates and instant, fee-free accounts; incumbents HSBC Hong Kong, Bank of China (Hong Kong), Citibank HK, Dah Sing Bank, Fubon Bank and OCBC HK run tiered and promotional savings, often boosting rates on new-money balances or when paired with a payroll or wealth relationship. The best rates usually apply only up to a balance cap and for a limited window.

Benefits

Accessible interest — earn a return while keeping funds available on demand.

High promotional rates — virtual banks and new-money offers can far exceed passbook rates.

No lock-in — unlike a fixed deposit, you can withdraw without breaking a term.

Multi-currency — hold USD or CNY savings to earn interest in other currencies.

Deposit protection — eligible balances are covered up to HK$800,000 per bank, giving security alongside the return.

How to choose

Look past the headline rate to the balance cap it applies to, the promotional period, and the base rate once the promotion ends. Check whether the top rate needs new money, a payroll deposit or a minimum balance, and whether tiers pay different rates on different bands. For flexibility choose an easy-access account; for a locked higher rate consider a fixed deposit instead.

Leading providers in Hong Kong

Mox and ZA Bank frequently top the tables on headline savings rates with fee-free app accounts; HSBC Hong Kong, Bank of China (Hong Kong) and Citibank HK offer tiered and relationship-linked savings; Dah Sing Bank, Fubon Bank and OCBC HK run competitive new-money promotions. The winning account depends on your balance size and whether you can meet the conditions for the boosted rate.

What it costs

Savings accounts are typically free to hold, and the return is expressed as interest rather than a fee. Base rates can be near HK$0.01% on ordinary balances, while promotional rates on new money have reached far higher, with some tiered offers advertising standout returns up to a capped balance. The realistic blended rate depends on how much sits above the promotional cap.

Protections and regulation

Savings deposits are held with banks authorised and supervised by the HKMA, and eligible balances are protected by the Deposit Protection Scheme up to HK$800,000 per depositor per bank. The Code of Banking Practice requires clear disclosure of interest rates, tiers and conditions. Virtual banks carry the same deposit protection as branch-based banks despite being app-only.

Common questions

Is the headline rate on my whole balance? — Usually no; top rates apply only up to a cap, with a lower rate above it.

Do I need new money? — Many promotions require funds not previously held at the bank; check the terms.

Is my money protected? — Yes, up to HK$800,000 per bank under the Deposit Protection Scheme.

Savings account or fixed deposit? — Savings give instant access; a fixed deposit locks funds for a set term at a guaranteed rate.

Will the promotional rate last? — No; boosted rates run for a set window, after which the base rate applies, so review periodically.

Savings Accounts in Hong Kong — FAQ

What is the highest savings rate in Hong Kong right now?

Giraffy tracks 22 savings accounts across 15 providers in Hong Kong. Sort by highest rate and filter by account type (easy access vs. fixed) to find the best deal for your timeline.

Is my money safe in a savings account?

Yes — the HKDPB protects up to HK$500,000 per depositor, per institution. Always confirm your institution is HKMA-regulated before depositing. If your balance exceeds the protection limit, spread funds across multiple separately-licensed banks.

What does p.a. mean on a savings account?

p.a. (per annum) is the standardised rate that accounts for how often interest is compounded over a year. It's the fairest number to compare across accounts — always compare like-for-like using p.a. rather than the gross or monthly rate.

What is the difference between easy access and fixed-rate savings?

Easy access accounts let you withdraw your money at any time — rates are variable and may change. Fixed-rate bonds or term deposits lock your money away for a set period (usually 1–5 years) at a guaranteed rate, which is typically higher. Choose fixed if you don't need the funds before the term ends.

Do I pay tax on savings interest?

Tax on savings interest varies by country and income level. Check your country's tax authority guidance or speak to a financial adviser if your interest income is significant.

Can I open multiple savings accounts at different banks?

Yes — and it can be a smart strategy. Spreading savings across banks maximises your deposit protection (HK$500,000 under the HKDPB per institution) and lets you earn the best rate at each bank. Just keep track of all accounts to avoid losing money to dormancy fees.

How quickly can I access my money in an easy access savings account?

Most easy access accounts transfer funds to a linked current account within one working day, and many process withdrawals the same day. Some accounts restrict the number of free withdrawals per month — check the terms before you open one if flexibility matters to you.