In late June, the Hong Kong Dollar (HKD) exchange rate repeatedly touched the “weak-side Convertibility Undertaking” (HK$7.85 to US$1). The Hong Kong Monetary Authority (HKMA) intervened repeatedly to absorb HKD sell orders, defending the Linked Exchange Rate System. This led to a tightening of liquidity in the banking system, a rapid rise in the Hong Kong Interbank Offered Rate (HIBOR), and ultimately a general upward trend in HKD time deposit rates.
HKD Time Deposit Rates Rebound in Mid-2025
The HKMA’s recent interventions to absorb HKD sell orders, aimed at defending the Linked Exchange Rate System, have led to a tightening of banking system liquidity, causing HKD time deposit rates to generally move upwards. This article consolidates the HKD time deposit rates from over 10 major banks in Hong Kong to help investors achieve better returns.
According to the information collected by our experts, most time deposits for 3 months or less remain at or below 1% p.a., while 6-month or longer tenors hover around 1% p.a.. HKD time deposit options offering a 2% p.a. return for large sums are very rare.
Best HKD Time Deposit Options by Tenure｜July 2025
| Institution | 1 Month | 3 Months | 6 Months | 12 Months | Min Deposit | Remark |
| Syfe Investment Services | 1.00% | 1.75% | 2.40% | – | No | More flexible terms |
| Institution | 1 Month | 3 Months | 6 Months | 12 Months | Min Deposit | Remark |
| HSBC Premier Elite / Premier | – | 0.50% | 1.20% | – | HKD 10,000 | New Fund Online Offer |
| HSBC One | – | 0.30% | 1.00% | – | HKD 10,000 | New Fund Online Offer |
| Bank of China(BOC) Private Wealth / Wealth Management | – | 0.50% | 0.90% | – | HKD 10,000 | New Fund Online Offer |
| Bank of China(BOC) Enrich Banking / i-Free Banking / | – | 0.30% | 0.70% | – | HKD 10,000 | New Fund, Internet Banking, Mobile Banking |
| Standard Chartered | – | 0.50% | 1.20% | 1.60% | HKD 10,000 | New Fund Offer |
| Hang Seng Bank | – | 0.50% | 0.90% | – | HKD 10,000 | New Fund Online Offer |
| ICBC Asia Wise Gold / Elite Club | 0.25% | 0.80% | 1.20% | 1.20% | HKD 50,000 to below 80,000 | Online Banking Offer |
| 0.25% | 0.85% | 1.25% | 1.25% | HKD 80,000 | Online Banking Offer | |
| 0.25% | 0.90% | 1.30% | 1.30% | HKD 3,000,000 | Online Banking Offer | |
| Bank of East Asia (SupremeGold Private) | – | 0.80% | 1.50% | 1.70% | HKD 10,000 | New Fund Offer |
| Nanyang Commercial Bank | 0.375%0.375% | 1.00%1.10% | 1.4%1.5% | 1.7%1.8% | HKD 100,000HKD 1,000,000 | Online Plus One Offer through Online Banking |
| DBS Bank | 0.20% | 1.00% | 1.20% | 1.00% | HKD 50,000 | Online New Fund Offer |
| Bank of Communications | 0.38% | 1.30% | – | – | HKD 1,000,000 | Online New Fund Offer |
| China Construction Bank (Asia) | – | 1.30% | – | – | HKD 1,000,000 | New Fund Offer |
| Fusion Bank | 0.50% | 1.40% | 1.60% | 2.30% | No min | virtual bank |
| AirStar Bank | 0.01% | 1.30% | 1.80% | 2.20% | No min | virtual bank |
| Mox Bank | – | 0.50% | 1.20% | 1.70% | No min | virtual bank |
| Fubon Bank | 0.60% | 1.40% | 1.90% | 2.20% | HKD 500,000 | New Fund Online Offer |
| CMB Wing Lung Bank | 0.25%0.25% | 0.4%0.45% | 0.25%0.9% | 0.9%0.95% | HKD 10,000HKD 500,000 | CMB Wing Lung Bank Mobile App Offer |
| Shanghai Commercial Bank | 0.25% | 0.98% | 1.38% | 1.48% | – | Online Bank |
| Public Bank (Hong Kong) | 0.50% | 1.15% | 1.45% | 1.75% | HKD <100,000 | – |
Rates as of 14 July 2025
Best 1-Month HKD Time Deposit Rate
If you prefer a short-term 1-month time deposit, not every bank in Hong Kong offers this specific tenor. Currently, major banks like HSBC, Standard Chartered, and Hang Seng, as well as virtual bank Mox, offer time deposits starting from 3 months.
Investors with HKD 500,000 or more who wish to place a 1-month time deposit can consider Fubon Bank (new funds, online exclusive), offering 0.6% p.a.. For a 1-month HKD time deposit with a lower entry barrier, Fusion Bank is an option, currently offering 0.5% p.a..
Best 3-Month HKD Time Deposit Rate
If you prefer a 3-month tenor, Fubon Bank and Fusion Bank both offer the highest rate of 1.40% p.a., with Fubon Bank requiring a minimum deposit of HKD 500,000.
Best 6-Month HKD Time Deposit Rate
For 6-month HKD time deposits, Fubon Bank offers the best rate at 1.90% p.a. (minimum deposit HKD 500,000). Astar Bank (天星銀行) offers the next best return with a lower entry barrier, currently at 1.80% p.a..
Best 12-Month HKD Time Deposit Rate
Long-term investors can consider Fusion Bank’s 12-month time deposit, which offers the best rate in this HKD time deposit comparison at 2.30% p.a..
Latest Short-Term Fund Growth Strategies
As for Syfe’s time deposit investment service – Cash+ Fixed (HKD), it is denominated in HKD and invests in time deposits. The interest rates are fixed like traditional deposits, with no management fees. Syfe Cash+ Fixed (HKD) offers 1-month, 3-month, and 6-month options at fixed yields of 1.00%, 1.75%, and 2.40% respectively, higher than typical time deposits. Most importantly, Cash+ Fixed (HKD) has no minimum investment amount, making it suitable not only for smaller investors but also for anyone looking to allocate funds flexibly.
Unlike traditional banks, Cash+ Fixed (HKD) offers these unique advantages:
- Higher return potential: Fixed yields higher than most bank time deposits in the current market
- No investment threshold: No minimum investment amount, unlike banks requiring HK$10,000-100,000
- Flexible access: More flexible terms and withdrawal options compared to traditional time deposits
- User-friendly platform: Easily invest, monitor, and manage funds through the Syfe mobile application
- No hidden fees: Transparent fee structure with no management fees
Cash+ Fixed (HKD) is particularly suitable for investors looking to pursue stable returns while maintaining fund flexibility in the current low-interest environment. Whether as a short-term management tool for idle funds or as a stable income component in an investment portfolio, Cash+ Fixed (HKD) provides a quality alternative to traditional bank time deposits.
From a risk perspective, although Syfe is not a bank, as a financial institution with significant scale, Syfe is able to negotiate competitive time deposit rates with banks. This investment service is not covered by the Hong Kong Deposit Protection Scheme (DPS), but investors can invest with confidence as we only partner with financially sound banks. Through our partnerships, Cash+ Fixed HKD offers competitive yields without any conditions, has no investment amount limits, and charges no fees. [Click here to learn more about Cash+ Fixed HKD FAQs].
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*Calculator note: If your Cash+ Fixed HKD matures on a business day, you will receive the fixed return at the prevailing yield. If not, your Cash+ Fixed HKD investment will end on the next business day, and you will receive proportional returns to the additional days.
Yields may change before investment begins. Cash+ Fixed HKD returns are fixed but subject to potential bank risks. All Cash+ Fixed HKD returns are only available upon maturity.
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]
*Calculator note: If your Cash+ Fixed HKD matures on a business day, you will receive the fixed return at the prevailing yield. If not, your Cash+ Fixed HKD investment will end on the next business day, and you will receive proportional returns to the additional days.
Yields may change before investment begins. Cash+ Fixed HKD returns are fixed but subject to potential bank risks. All Cash+ Fixed HKD returns are only available upon maturity.
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]
