In today’s economic climate, securing stable returns on your hard-earned savings is more crucial than ever. This comprehensive guide delves into the best Hong Kong USD time deposit rates offered by both traditional and virtual banks, and introduces innovative alternatives to help you make informed financial decisions, capitalise on high interest!
- Summary｜Best USD Time Deposit Rates in Hong Kong (June 2025)
- Why Opt for USD Time Deposits in Hong Kong?
- USD Time Deposit Interest Rates Offered by Top 10 Traditional Banks(HSBC/BOC/SC/Heng Seng/DBS/BEA)
- USD Time Deposit Interest Rates Offered by Mid-sized banks and Virtual Banks
- Optimising USD Time Deposit Returns
- Syfe Fixed (USD): Unlock Better Returns Beyond Traditional Fixed Deposits.
- Understanding USD Fixed Deposits
Summary｜Best USD Time Deposit Rates in Hong Kong (June 2025)
- Best 1-month USD time deposit rate: Fubon Bank at 4.10% p.a., with a minimum deposit of USD 65,000.
- Best 3-month USD time deposit rate: Fubon Bank at 4.30% p.a., with a minimum deposit of USD 65,000.
- Best 6-month USD time deposit rate: Fubon Bank at 4.00% p.a., with a minimum deposit of USD 65,000.
- Best 12-month USD time deposit rate: Fubon Bank at 3.90% p.a., with a minimum deposit of USD 65,000.
- Top Alternative: Syfe Fixed USD offers a fixed annualised return of 4.35% p.a. with no minimum investment.
Data last updated as of 15 June 2025
Why Opt for USD Time Deposits in Hong Kong?
Choosing USD time deposits in Hong Kong is a strategic decision for several reasons:
- Higher Interest Rates:
USD deposits often provide more attractive interest returns compared to HKD deposits. - Lower Exchange Rate Risk:
Given the Hong Kong Dollar’s peg to the US Dollar (HKD 7.75-7.85 to USD 1), USD time deposits carry significantly lower exchange rate risk than other foreign currency deposits, although minor fluctuations are still possible. - Investment Diversification:
Holding a portion of your assets in USD can help diversify your investment portfolio and potentially hedge against currency risk, especially if your existing portfolio is heavily HKD-based. - Global Acceptability:
As a major international currency, the US Dollar boasts high liquidity and is widely accepted, making it convenient for global transactions.
USD Time Deposit Interest Rates Offered by Top 10 Traditional Banks(HSBC/BOC/SC/Heng Seng/DBS/BEA)
| Bank | 1 month | 3 months | 6 months | 1 year | Min Deposit | Remark |
| HSBC Premier Elite / Premier | – | 3.70% | 3.60% | 3.20% | USD 2,000 | New Fund Online Offer |
| HSBC One | – | 3.50% | 3.40% | 3.00% | USD 2,000 | New Fund Online Offer |
| Bank of China(BOC) Private Wealth / Wealth Management | – | 3.50% | 3.30% | – | USD 1,000 | New Fund, Internet Banking, Mobile Banking |
| Bank of China(BOC) Enrich Banking / i-Free Banking / | – | 3.30% | 3.10% | – | USD 1,000 | New Fund, Internet Banking, Mobile Banking |
| Standard Chartered | – | 3.50% | 3.70% | 3.30% | USD 2,000 | New Fund Offer |
| Hang Seng Bank | 3.00% | 3.80% | 3.70% | – | USD 2,000 | Online Banking Offer |
| ICBC Asia Wise Gold / Elite Club | 3.60% | 3.85% | 3.70% | 3.30% | USD 15,000 | Online Banking Offer |
| 3.70% | 3.90% | 3.80% | 3.40% | USD 100,000 | Online Banking Offer | |
| 3.80% | 3.95% | 3.85% | 3.50% | USD 1,000,000 | Online Banking Offer | |
| Bank of East Asia | – | 3.80% | 3.55% | 3.25% | USD 1,000 | New Fund Offer |
| Nanyang Commercial Bank | 3.65% | 3.80% | 3.75% | 3.20% | USD 13,000 | Online Banking Offer |
| DBS Bank | 2.45% | 3.75% | 3.45% | 2.95% | USD 6,000 | New Fund Offer |
| Bank of Communications | – | 3.80％ | 4.0％ | – | USD 130,000 | New Fund Online Offer |
| China Construction Bank (Asia) | 3.80% | 3.70% | 3.50% | 3.40% | USD 10,000 | New Fund Online Offer |
USD Time Deposit Interest Rates Offered by Mid-sized banks and Virtual Banks
| Bank | 1 month | 3 months | 6 months | 1 year | Min Deposit | Remark |
| Fusion Bank | 0.10% | 4.00% | 3.90% | 3.8% | No min | No Branch |
| AirStar Bank | 3.20% | 3.62% | 3.52% | 3.73% | No min | No Branch |
| Mox Bank | 3.60% | 3.70% | 3.70% | 3.40% | USD 1 | New Fund |
| Fubon Bank | 4.10% | 4.30% | 4.00% | 3.90% | USD 65,000 | New Fund Online Offer |
| CMB Wing Lung Bank | 2.90% 3.00% | 3.40% 3.50% | 3.40% 3.50% | 3.10% 3.20% | USD 1,000 USD 50,000 | CMB Wing Lung Bank Mobile App Offer |
| Shanghai Commercial Bank | 3.75% | 3.80% | 3.65% | 3.25% | USD 10,000 | New Fund o/ by conversion of fund |
| Public Bank (Hong Kong) | 3.80% | 3.90% | 3.70% | 3.50% | No min | – |
Optimising USD Time Deposit Returns
Banks actively encourage the use of their digital platforms, and this is often reflected in more preferential rates for deposits made through mobile applications or internet banking.
For instance, at Nanyang Commercial Bank (NCB), for a minimum deposit of USD 13,000, placing a 3-month USD fixed deposit online offers 3.80% p.a., whereas the rate obtained at a physical branch for the same term and amount is 3.60% p.a.
It’s important to note that most of these attractive preferential rates, especially for online channels, typically apply to new funds or funds converted from other currencies (i.e., currency conversion).
Hong Kong’s virtual banks offer compelling USD fixed deposit rates, often with lower minimum deposit requirements, making them accessible options for a wider range of investors. However, it’s worth noting that some virtual banks, like Mox Bank, may also require new funds to qualify for their more attractive preferential rates.
Syfe Fixed (USD): Unlock Better Returns Beyond Traditional Fixed Deposits.
When seeking alternatives to traditional USD time deposits in Hong Kong, Syfe Fixed (USD) Provides a fixed annualised return of 4.35% p.a. (as of June 2025). This service boasts no minimum investment amount, significantly lower than typical bank requirements (USD 1,000-15,000).
Understanding USD Fixed Deposits
A USD fixed deposit, also known as a USD time deposit or Certificate of Deposit (CD), is a low-risk financial product. Investors deposit US dollars for a fixed period to earn guaranteed interest. Term length significantly impacts interest earned, with longer terms typically offering higher annual percentage rates (APRs).
HKD vs. USD Fixed Deposits in Hong Kong: The Optimal Choice
When considering fixed deposits in Hong Kong, the choice between HKD and USD fixed deposits is crucial. While both offer stability, USD time deposits often present advantages:
- Currency Stability with Yield Potential. HKD is pegged to USD (7.75-7.85), minimizing direct FX risk. However, USD fixed deposits in Hong Kong align directly with USD liabilities or future USD needs, often providing a higher interest rate premium than HKD deposits. Compare potential earnings against any minimal currency exchange risk.
- FX Conversion Fees: Be Aware of Spreads. Converting HKD to USD incurs fees via exchange rate spreads. Traditional banks may offer less favorable rates than online platforms. Factor in these FX conversion fees to ensure the earned interest justifies the conversion cost.
Tips for Securing the Best USD Time Deposit Rates in Hong Kong
To maximise your USD time deposit rates in Hong Kong, follow these strategies:
- Thorough Rate Comparison: Research and compare the latest USD fixed deposit interest rates from traditional banks, virtual banks, and fintech platforms.
Even small rate differences can significantly impact your returns over time. For example, depositing USD 10,000 in a 3-month term deposit at 3.90% versus 3.50% results in approximately USD 10 more in interest after three months. If you continue rolling over the deposit for a full year, the difference accumulates to nearly USD 40 in additional earnings. - Strategic Term Selection: Longer terms typically offer higher rates, but balance this with your liquidity needs. Choose a term that comfortably aligns with when you can lock in your funds.
- New Funds & Online Channels Yield More: Most attractive USD fixed deposit rates require new funds or currency conversion. Banks incentivize digital engagement; utilize mobile apps or internet banking for preferential rates.
- Understand the Fine Print: Meticulously review all terms, including renewal policies, interest calculation, and especially early withdrawal penalties. Unforeseen early access could mean forfeiting accrued interest or incurring fees.
More Hong Kong USD Fixed Deposit Rates Guide：香港港元定存比較｜香港美元定存比較
Disclaimer: This article is for informational purposes only and should not be viewed as financial advice. It is not meant to market any specific investment, or offer or recommend the purchase or sale of any specific security. All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. Past returns are not a guarantee for future performance. Investors should consider his/her own circumstances.
The information or advertisement contained herein does not constitute an offer, any solicitation, invitation or recommendation to engage in any investment activities. The content of this article has not been reviewed by the Securities and Futures Commission of Hong Kong.Cash+ Fixed HKD is an investment management service, and should not be taken as a collective investment scheme or a deposit or savings account.
The optimised rates are not due to pooling of invested funds by Syfe, and Syfe is not offering Cash+ Fixed HKD as a fund, scheme, or portfolio with a pooling element. Until the investment starts, the return rate is subject to change. Cash+ Fixed HKD returns are fixed, subject to underlying bank risk. All Cash+ Fixed hkd returns are only available after maturity. [Learn more]
