High-yield savings accounts from various banks might be the solution investors are seeking. This comparison will examine the high-yield savings account promotions from both traditional and virtual banks in Hong Kong, with the highest advertised rates reaching up to 6.4% p.a. By directly comparing various offers and analyzing their conditions, we aim to help investors maximize their returns.

What’s High-Yield Savings Accounts

High-yield savings accounts in Hong Kong are specialized bank accounts that offer significantly higher interest rates than traditional savings accounts, allowing customers to earn more on their deposits while maintaining liquidity. Unlike standard savings accounts that typically offer rates as low as 0.25% p.a., high-yield accounts can provide rates ranging from 2% to over 6% annually, depending on the bank and conditions met.

How Do You Qualify for Higher Interest Rates?

However, high-interest savings or current account offers from major banks and virtual banks in Hong Kong often come with attached conditions. Investors need to be aware of these before considering opening an account:

• Tiered Interest Design: Most high-interest offers cap the eligible deposit amount (typically HKD 100,000 to HKD 800,000), with excess funds earning a lower standard rate.
• Salary Crediting: Many banks require customers to set up automatic salary transfers to the account to qualify for higher rates.
• Eligibility Restrictions: Mortgage Link accounts, for instance, offer higher rates tied to mortgage interest but are exclusive to mortgage holders.
• Bundled Services: Some banks require tasks like “new fund growth,” “account opening,” or even daily step counts to unlock maximum interest.
• Asset Thresholds: Certain banks impose higher account opening and asset balance requirements.

High-Yield HKD Savings Account Offers in Hong Kong: Consolidated

HSBC One Account｜Up to 6.4% p.a. Additional Savings Interest

Currently, HSBC does not offer interest on savings accounts with balances below HKD 5,000, while balances above HKD 5,000 receive a base rate of 0.25% p.a.

HSBC One customers can earn up to 6.4% p.a. additional HKD savings interest after completing five “tasks”: 

Condition/Task	Minimum Requirement	Additional Interest Rate (p.a.)
Deposit new funds	HKD 5,000	+1.2%
Online currency exchange of specified currencies	HKD 30,000 (or equivalent)	+0.5%
Purchase specified investment products (excluding fees and charges)	Minimum accumulated amount of HKD 300,000 (or equivalent)	+1.2%
Successfully subscribe to eligible HSBC life insurance	New annualized premium of HKD 50,000 or above	+3.0%
Successfully subscribe to eligible HSBC life insurance	New annualized premium of HKD 30,000 to HKD 49,999	+1.5%
Successfully complete transactions with PayMe for Business merchants via PayMe wallet	Accumulated amount of HKD 3,500 or above	+0.5%

For existing customers, they must maintain an average “Total Relationship Balance” of HKD 500,000 or above for two consecutive months, register, and complete the above 5 tasks to enjoy the 6.4% p.a. additional HKD savings interest rate. 

_{Last updated: July 1, 2025｜Source: HSBC One}

ZA Bank “Savings Pot” Savings Sub-Account｜Up to 5% p.a. Current Account Interest

Digital bank ZA Bank’s “Savings Pot” is a current savings sub-account, where the balance is not applicable for daily expenses such as ZA Card spending. During the high-interest promotion period, users can earn a maximum total of 4.99% p.a. reward interest by completing “High-Rate Pot” activity challenges. 

Challenge/Task	Requirement	Reward Interest (p.a.)
Invite Friends Challenge	Refer 3 friends in Hong Kong who successfully open a ZA Bank account using an invitation code	2.00%
Investment Challenge	Accumulate a specified amount of US stocks/US stock ETFs transactions or non-money market fund subscriptions	1.00%
Spending Challenge	Accumulate a specified amount of eligible transactions with ZA Card	0.80%
FX/Remittance Challenge	Complete currency exchange or overseas remittance of any currency, accumulating a specified amount of sell/remit	0.80%
Steps to Earn Interest – Beginner Challenge	Accumulate 2 days with daily steps reaching 2,000 steps	0.10%
Steps to Earn Interest – Advanced Challenge	Accumulate 9 days with daily steps reaching 10,000 steps	0.29%

ZA Bank’s high-yield promotion has a cap: the reward interest is only applicable to deposits of HKD 800,000 or below in the “High-Rate Pot,” and the reward is valid from the completion date of the challenge until the last day of that month.

_{Last updated: July 1, 2025｜Source: ZA Bank Savings Pot}

Hang Seng PayDay+ Salary Boost｜Up to 4.3% p.a. HKD Savings Interest

From July 2, 2025, to September 30, 2025, open a Preferred Banking account via the Hang Seng Mobile App, register for the offer, and then use Hang Seng PayDay+ for salary crediting. The first HKD 300,000 of eligible HKD current deposits in the savings account will earn an annual interest rate of 0.8% p.a., and the subsequent HKD 100,000 will receive a preferential HKD savings annual interest rate of 4.3% p.a.

_{Last updated: July 2, 2025｜Source: Hang Seng}

Dah Sing 360° “Easy Payroll” ｜Up to 3.3% p.a. Bonus Savings Interest Rate

Dah Sing offers an additional current deposit annual interest rate for new payroll service customers, with the rate varying based on account type and deposit amount:

Deposit Amount in Payroll Account	YOU i-Account (Bonus Savings Interest Rate p.a.)	VIP i-Account (Bonus Savings Interest Rate p.a.)
HKD500,000 or above	2.60%	3.30%
HKD10,000 or above and less than HKD500,000	2.50%	3.20%

However, the maximum additional interest a customer can receive per month is HKD 6,000. 

_{Last updated: July 2, 2025｜Source: Dah Sing Bank}

Mox FlexiBoost｜Up to 3% p.a. HKD Current Deposit Interest

The digital bank Mox FlexiBoost plan offers up to 3% p.a. HKD current deposit interest, requiring customers to participate in its phased increasing interest plan. The annual interest rate for current deposits will increase progressively with the deposit period, with the highest 3% p.a. interest rate applicable for the last 30 days of the deposit term.

FlexiBoost period	FlexiBoost Rate p.a. (HKD)
First 30 days	0.5%
Next 30 days	1.5%
Last 30 days	3%

Bank promotions are subject to change from time to time. For example, the FlexiBoost last 30-day annual interest rate was previously as high as 4%.

_{Last updated: July 2, 2025｜Source: MOX}

Standard Chartered “Marathon Savings Account”｜Up to 2.3% p.a. HKD Savings Rate

From now until July 31, 2025, open a Standard Chartered Bank “High-Interest Marathon Savings Account” to enjoy a high-interest current deposit annual interest rate. The rate increases in stages, with HKD current rates as follows:

Currency	From Account opening date to 31 AUG 2025	1 SEP TO 1 OCT 2025	2 OCT TO 3 NOV 2025
HKD	1.0% p.a.	1.5% p.a.	2.3% p.a.
USD	3.3% p.a.	3.4% p.a.	3.8% p.a.

For Standard Chartered account holders opening a “High-Interest Marathon Savings Account” via SC Mobile App / Online Banking, the minimum opening balance is HKD 10,000; for opening via branch / “My RM” platform / branch staff phone instructions, the minimum opening balance is HKD 100,000.

_{Last updated: July 2, 2025｜Source: Standard Chartered}

Citi Plus “Interest Booster”｜Up to 2.05% p.a. interest on savings

Citibank (Citi) Citi Plus account offers a basic annual interest rate of 0.55% p.a. Customers can boost their current deposit interest rate by completing specified daily tasks.

Task	Requirement	Bonus Interest Rate (p.a.)
Maintain Balance	Maintain a daily balance of at least HK$100,000 in your savings and investment accounts for 25 days	+0.3%
Fund In	Set your Citi Interest Booster account as your payroll account (credit HK$10,000 or above), or set up standing instructions for monthly transfers	+0.3%
Spend	Spend at least HK$4,000 on any of your Citi Debit Cards or eligible Citi Credit Cards, and repay the balance via the app	+0.3%
Invest, FX & Get Insured	Perform 3 eligible investment, insurance or FX transactions with Citi (each investment and FX transaction must be at least HK$1,000)	+0.6%

The Citi Interest Booster account can offer a maximum annual interest rate of 2.05% p.a., but it is only applicable to the first HKD 300,000 of deposits.

_{Last updated: July 2, 2025｜Source: Citibank (Citi)}

Chong Hing Bank “Exceed Banking” Welcome Rewards｜First 3 Months Extra 2% p.a. Bonus Reward HKD Savings Deposit

From now until September 30, 2025, new Exceed Banking customers who choose designated services can enjoy the first 3 months of HKD savings deposits with 2% additional annual interest rate bonus reward, but only applicable to the first HK$10,000 to HK$200,000 in savings deposits, and customers must simultaneously register and meet the requirements of “Total Asset Balance Growth Reward”

Data shows that to become a “Preferred Banking” customer with Chong Hing Bank, the main condition is that total asset value needs to reach HK$1,000,000 or above

_{Last updated: July 2, 2025｜Source: Chong Hing Bank}

ICBC Asia Preferential HKD Savings Interest Rate Offer｜1.755% p.a. Savings Interest

After successfully opening a personal HKD savings account with ICBC Asia, customers can register on the website and change their salary account with their employer to their registered ICBC Asia account to enjoy a preferential savings deposit annual interest rate of 1.755% p.a. until December 31, 2025.

The 1.755% p.a. preferential savings annual interest rate is composed of a 0.25% p.a. basic savings annual interest rate plus a 1.505% p.a. additional annual interest rate.

_{Last updated: July 2, 2025｜Source: ICBC Asia}

China CITIC Bank International “MONOPOLY Deposit”｜Up to 1.28% p.a. Bonus Interest Rate

From now until July 31, 2025, register for Monopoly Deposit and deposit eligible deposits. Additional annual interest rates will be added to existing general savings annual interest rates for corresponding currencies after meeting promotional requirements: 

Currency	Registration Day to 31 August 2025 (Bonus Interest Rate p.a.)	1 – 30 September 2025 (Bonus Interest Rate p.a.)	1 – 31 October 2025 (Bonus Interest Rate p.a.)
HKD	0.22%	0.58%	1.28%

“Monopoly Deposit” has a minimum eligible deposit amount of HK$10,000 and maximum eligible deposit amount of HK$20,000,000

_{Last updated: July 2, 2025｜Source: China CITIC Bank International}

China Construction Bank (Asia) “Step Up Savings Account”｜Up to 1% p.a. HKD Preferential Savings Interest Rates

China Construction Bank (Asia)’s “Step Up Savings Account” also offers a phased increasing current account annual interest rate. 

Currency	1st Month (Preferential Interest Rate p.a.)	2nd Month (Preferential Interest Rate p.a.)	3rd Month (Preferential Interest Rate p.a.)
HKD (minimum deposit amount HKD50,000)	0.10%	0.50%	1.00%

Customers need to register for the offer via China Construction Bank (Asia)’s online banking / mobile banking / smart teller machine.

_{Last updated: July 2, 2025｜Source: China Construction Bank (Asia)}

Choosing the Right High-Yield Savings Account

Choosing the right high-interest savings account in Hong Kong depends heavily on your financial profile and habits. The maximum advertised rates are often conditional, requiring specific actions or balances. To help you find the best fit, here’s a guide tailored to different life stages and financial behaviors:

Life Stage	Best Options (HKD High-Yield Savings Accounts)	Why?
Fresh Graduates / Entry Level	ZA Bank “Savings Pot”	Easy to qualify with low or no minimum deposit (e.g., ZA Bank’s HKD 1 min, Fusion Bank no min). Often focuses on basic digital engagement or simple new funds, avoiding high spending or investment requirements.
Working Adults	Hang Seng PayDay+, Dah Sing 360° “Easy Payroll”	Rewards consistent salary crediting. Offers bonuses for typical monthly spending or tiered deposits, suitable for individuals growing their balances with regular income.
High Income Earners / Affluent	HSBC One Account, Citi Plus “Interest Booster”	Designed for those who can meet multiple complex conditions, unlocks the highest potential rates for consolidating wealth.

Beyond High-Yield Savings Accounts: Syfe Cash+ Flexi HKD

While high-yield savings accounts offer an attractive way to earn more interest on idle cash, they often have tiered interest structures and restrictive conditions. Miss any of these requirements, and your effective interest rate drops significantly.

For those seeking competitive yields with fewer strings attached, alternative cash management solutions might be more suitable.

Syfe Cash+ Flexi lets you earn more on your savings with a yield of 2.3% p.a. for Flexi HKD. There is no minimum investment amount nor minimum balance required for Cash+ Flexi. As with Syfe’s other investment portfolios, there are absolutely no lock-ups too. This means you can make unlimited fund transfers and withdrawals in the way that works best for you, at no cost. 

The Cash+ Flexi portfolio is constructed using SFC-authorised Money Market Funds from Gaoteng and Taikang, the two largest asset managers in the money market fund space in Hong Kong. The objective of Cash+ Flexi is to enable investors to achieve a return in line with or above the prevailing money market rates, with primary considerations of maintaining low risk and high liquidity. 

When constructing Cash+ Flexi, we have considered not just the published yields of the underlying funds but also credit, diversification, currency and duration risk of the underlying funds. The fund allocation you see has been thoughtfully and carefully managed by the Syfe investment team to optimise yield while balancing these risks.

Deep Dive Into Syfe Cash+ Flexi

_{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+ Flexi is a low-risk investment portfolio managed by Syfe. It is not a savings or deposit product at a bank. Investments involve risk and Cash+ Flexi does not provide any guarantee or assurance of returns.[Learn more]}