Top 10 Best HKD Time Deposit Rates in Hong Kong May 2026

Item A

KEY METRICS: Promotional rate: 4.70% p.a. for a 3-month tenor. Minimum fresh funds: HK$200,000. Available to new DBS Treasures customers or existing customers who bring additional new funds (minimum HK$200,000) during May 2026. Standard 3-month rate for existing Treasures clients: 4.10% p.a. DBS Treasures requires a minimum asset under management of HK$1,000,000 (including deposits) to maintain the status, otherwise a HK$200 monthly service fee applies. OVERVIEW: DBS Treasures often runs cycle-based promotions to capture rate-sensitive affluent clients. This 3-month product blends a competitive short-term rate with the benefits of a priority banking relationship, such as dedicated investment advisory and preferential loan rates. It’s ideal for those who already maintain a HK$1 million portfolio and seek a safe harbour for excess cash. The bank, being one of Singapore’s largest, also offers strong cross-border capabilities. KEY BENEFITS: Pros: 4.70% is near the top of the tier-1 bank range for 3 months; interest is guaranteed and credited at maturity; funds are held with a well-capitalised, HKMA-regulated institution; new fund definition is lenient (net increase in total relationship balance over the past calendar month); DBS Treasures provides a relationship manager and hotline support; early termination is possible but with a penalty (loss of pro-rated interest from last interest payment date). ELIGIBILITY: For the welcome offer, customers must not have held DBS Treasures status in the preceding 12 months. They must open a DBS Treasures account and deposit at least HK$200,000 in fresh funds into the 3-month time deposit. Existing Treasures customers can access the new fund offer by showing a net new money increase of HK$200,000 compared to the prior month's balance. Standard HKID documentation required. DRAWBACKS: Cons: maintaining Treasures status requires HK$1,000,000 in assets, failing which the fee erodes returns; the 3-month tenor may be too short for those seeking to lock in rates; promotional rate is only available for a limited time and may be capped at a maximum deposit amount (e.g., HK$10,000,000); early closure results in penalty that could wipe out most interest; branch visits may be necessary for initial account setup if not digitally onboarding. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item B

KEY METRICS: Base rate: 4.50% p.a. for 1-month tenor, but exclusive 5.20% p.a. special rate available via in-app promo code 'MAY2026' for selected users. Minimum deposit: HK$1. No new funds requirement; funded from existing ZA Bank savings balance. Interest paid at maturity. No early withdrawal allowed. Rate effective as of 10 May 2026. OVERVIEW: ZA Bank’s GoSave feature continues to lead the market by democratising time deposits. This 1-month product offers the highest liquidity-to-yield ratio in Hong Kong, ideal for those who want to park idle cash while awaiting better opportunities. Unlike traditional banks that demand HK$10,000–HK$100,000 minimums, ZA Bank allows any amount from HK$1, making it the top choice for mass-market savers. The platform’s real-time rate updates and zero-fee structure have made it a benchmark for digital banking in Hong Kong. KEY BENEFITS: Pros: ultra-low entry barrier (HK$1) accommodates all depositors; promotional rates via app keep yields above traditional banks; seamless account opening with HKID facial recognition; no lock-in beyond the chosen tenor, with proceeds automatically credited back to ZA Bank settlement account upon maturity; 24/7 deposit creation from mobile app; protected under Hong Kong Deposit Protection Scheme up to HK$500,000. ELIGIBILITY: Open to all Hong Kong residents aged 18+ with a valid HKID. ZA Bank account can be opened entirely online in minutes. No minimum balance, no payroll linkage, and no new-funds restriction for the base rate. To unlock the 5.20% promo rate, customers must activate the in-app offer during the campaign period (1–31 May 2026) while funding the deposit from the ZA Bank wallet. DRAWBACKS: Cons: maximum deposit capped at HK$500,000 per placement for promo rate earning; 1-month tenor means rate resets frequently, exposing savers to reinvestment risk if market rates fall; interest is not compounding; the promotional rate may not be available to all users and is subject to quota limits; no physical branch support for cash deposits. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item C

KEY METRICS: Promotional rate: 4.80% p.a. for 3-month tenor if placed with new funds. Standard rate: 4.30% p.a. Minimum new funds deposit: HK$10,000. No minimum balance requirement for the Fusion Bank savings account. Online placement only via Fusion Bank app. Rate valid for first HK$500,000; amount above that earns 0.10% p.a. OVERVIEW: Fusion Bank, a Tencent-backed virtual bank, consistently offers one of the most competitive 3-month HKD time deposit rates, striking a balance between decent yield and moderate lock-up. The new fund condition is straightforward: money not held with Fusion Bank 30 days before the placement date qualifies. This product suits those willing to consolidate external cash into one digital hub. Fusion Bank’s integration with WeChat Pay and its no-fee current account strengthen its ecosystem appeal. The bank is fully licensed by the HKMA and covered under the Deposit Protection Scheme. KEY BENEFITS: Pros: 4.80% p.a. is among the top tier for 3-month deposits in Hong Kong; quick in-app placement in less than 3 minutes; interest paid at maturity; early withdrawal penalty is loss of all accrued interest, but no capital loss; no account maintenance fees; supports FPS for instant top-ups from other banks; new fund definition includes any incoming transfer not previously with Fusion Bank, making it easy to trigger the promo. ELIGIBILITY: Any Hong Kong resident with a valid HKID can open a Fusion Bank account via smartphone. The promotional rate requires funding from a non-Fusion Bank source (e.g., transfer from HSBC, BOCHK). The entire deposit must be placed within the offer period, typically 1–31 May 2026, and evidence of external source may be requested. DRAWBACKS: Cons: the 4.80% rate applies only to the first HK$500,000; amounts beyond earn a negligible rate; no physical branches for cash handling; early termination forfeits all interest, not just a penalty on principal; rate is not fixed if the promotion ends early due to oversubscription; the Fusion Bank app occasionally experiences connectivity issues during peak hours. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item D

KEY METRICS: Promotional rate: 4.55% p.a. for a 6-month HKD time deposit. Minimum new funds: HK$100,000. Available to new HSBC Premier customers who join during May 2026 or existing Premier customers who bring in fresh funds. Standard 6-month rate for general customers: 3.60% p.a. HSBC Premier requires a minimum relationship balance of HK$1,000,000 (or HK$1,000,000 in mortgage outstanding, salary credit, etc.), else a HK$380 monthly fee applies. OVERVIEW: HSBC, Hong Kong’s largest bank, leverages its Premier status to offer a decent 6-month rate, though it trails digital banks and smaller banks. For loyal HSBC customers consolidating assets, this provides a safe harbour with a well-capitalised institution. The bank’s global presence and integrated wealth platform, combined with reliability, justify the rank for those who value stability over absolute highest rate. This product also benefits from HSBC’s extensive branch and ATM network across the city. KEY BENEFITS: Pros: strong rate from a systemically important bank; 6-month horizon locks in returns; HSBC Premier status includes worldwide emergency assistance and fee-free global transfers in many destinations; in-app placement takes minutes; early withdrawal allowed with a penalty of loss of 30 days’ interest; deposit insured up to HK$500,000; funds can be moved from any bank via FPS instantly. ELIGIBILITY: The offer is for new-to-Premier customers (not holding Premier in the past 6 months) or existing Premier clients with a net inflow of HK$100,000 or more in new funds from non-HSBC sources. Account opening requires HKID, proof of address, and fulfilment of Premier eligibility criteria (total relationship balance of HK$1,000,000). The time deposit is set up via HSBC HK App or in branch. DRAWBACKS: Cons: high balance requirement to avoid monthly fees; the rate is not the top of the market; promotional rate may be capped at a maximum deposit amount (e.g., HK$2,000,000), with the excess earning a lower board rate; new fund condition strictly enforced, funds cannot be from existing HSBC accounts; if the Premier status is lost during the deposit tenor, the bank may unilaterally adjust the rate; overall, digital banks offer better rates with fewer strings. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item E

KEY METRICS: Base rate: 4.50% p.a., but with a ‘Boost’ code in the WeLab Bank app, users can earn 4.85% p.a. for 6 months. Minimum deposit: HK$10,000. No new funds condition for the base rate; Boost rate requires fresh funds deposited into the core account within 30 days before placement. Maximum boost rate applicable to the first HK$1,000,000. Interest paid at maturity. OVERVIEW: WeLab Bank’s GoSave product combines social elements with deposit savings, allowing friends to boost rates. In May 2026, the bank is offering a solo boost code to all users that pushes the rate to a market-leading 4.85% for a 6-month term. This hybrid model encourages app engagement and rewards those who bring funds from other banks. With the HKMA’s approval, WeLab Bank has been expanding its lending and deposit base, making its time deposits a worthy contender. KEY BENEFITS: Pros: boosted rate rivals short-term digital bank offers while enjoying a longer tenor; relatively low minimum of HK$10,000; no monthly service fees; easy to fund via FPS from e-wallets or other banks; WeLab Bank app provides clear tracking of interest earned; early withdrawal allowed but with penalty (forfeiture of all interest earned, but principal safe); deposit protected up to HK$500,000. ELIGIBILITY: Hong Kong residents aged 18+ with HKID can open a WeLab Bank account online. To qualify for the boosted rate, users must apply the in-app promotion code during placement and ensure the deposit comes from an external source (funds not held in WeLab Bank 30 days prior). The code is often sent via push notification or email; general availability is broad. DRAWBACKS: Cons: if the boost quota is exhausted, the rate reverts to 4.50%, which is still competitive but less attractive; early closure results in complete interest loss, so liquidity is constrained; the boost code may require specific opt-in steps, which can be confusing; interest is only paid at maturity with no monthly payout option; for amounts above HK$1,000,000, the excess earns standard rate; no physical network. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item F

KEY METRICS: Promotional rate: 4.75% p.a. for a 6-month tenor. Minimum new funds deposit: HK$200,000. The rate is available exclusively to new Citi Priority customers (HK$1,000,000 total relationship balance maintained) opening the account during May 2026. Standard 6-month rate for existing customers: 4.00% p.a. No annual fee for the Citi Priority banking package if balance requirements met, else HK$300/month. OVERVIEW: Citi’s aggressive new-to-bank offer targets mass-affluent clients willing to bring over HK$1 million in assets. The 6-month tenor locks in a still-high rate while HIBOR is expected to gradually decline from peak levels. Citi Priority provides a dedicated relationship manager, global Citibanking perks, and seamless integration with Citi’s wealth management platform. This product ranks third because it offers an excellent risk-return profile for substantial funds, though it requires a significant total relationship commitment. KEY BENEFITS: Pros: high guaranteed rate for half a year; 6-month tenor reduces rollover frequency; no early withdrawal allowed but rate certainty protects against falling rates; preferential forex rates and fee waivers on global transfers; 24/7 phone banking; funds insured under the Deposit Protection Scheme up to HK$500,000; easily funded via FPS from any HK bank. ELIGIBILITY: Applicants must not hold any Citi account in the past 12 months. They must open a Citi Priority account with HK$1,000,000 in new funds (deposits, investments, insurance) and place at least HK$200,000 into this 6-month HKD time deposit. HKID and proof of address required. Account opening can be done online or at any Citi branch. DRAWBACKS: Cons: high total relationship balance requirement; falling below HK$1,000,000 triggers a monthly service fee of HK$300; the promotional rate is only for first deposit; after maturity, funds earn standard call rates unless rolled into another promo; early closure of the Citi Priority account within 6 months may incur a handling fee of HK$200; limited physical branches compared to Bank of China or HSBC. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item G

KEY METRICS: Rate: 4.60% p.a. for a 12-month HKD time deposit. Minimum deposit: HK$1,000. No new funds requirement; can be funded directly from the Mox Deposit account. Interest accrues daily and is paid at maturity. Early withdrawal penalty: forfeiture of 30 days’ interest or the actual interest earned, whichever is lower. This rate is a limited-time offer valid until 31 May 2026. OVERVIEW: Mox Bank, backed by Standard Chartered, HKT, PCCW, and Trip.com, offers a rare high-rate 12-month deposit without punitive minimums. The 4.60% p.a. rate outperforms many brick-and-mortar banks for the same tenor, making it a set-and-forget option for conservative savers. Mox’s sleek app, integrated with FPS and the Mox Credit card ecosystem, simplifies daily banking. The 12-month lock-in at this level may appeal to those anticipating HIBOR to ease in 2027. KEY BENEFITS: Pros: solid 12-month rate without tying up large sums; low minimum of HK$1,000; no new funds hassle; early withdrawal penalty is capped, so not catastrophic; interest credited clearly in app; Mox Deposit account earns 0.50% p.a. on idle balance, so unplaced funds still yield something; fully digital account opening and management; HKMA-authorised and deposit-protected. ELIGIBILITY: Open to all Hong Kong residents aged 18+ with HKID. Mox account can be opened entirely through the app. No minimum income or balance required. The time deposit can be set up within the Mox app under ‘Grow’ > ‘Time Deposit’ and funded from the linked Mox Deposit account. DRAWBACKS: Cons: rate is slightly lower than some 6-month promos elsewhere, but the longer duration locks it in; early termination penalty, though capped, still reduces net interest; interest is not paid periodically, so no cash flow; maximum allowed deposit per customer may be capped at HK$5,000,000 for this promo; as a virtual bank, no over-the-counter cash services; customer service is primarily chatbot and phone, which can be slow during peak. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item H

KEY METRICS: Preferential rate: 4.55% p.a. for a 12-month HKD time deposit under the Wealth Management Connect (WMC) Southbound scheme. Minimum deposit: RMB 100,000 equivalent (approx. HK$108,000). Available to eligible mainland China residents designated by BOCHK’s partner banks in the Greater Bay Area. HK residents cannot use this channel. Standard HKD time deposit rate for local HK customers: 3.90% p.a. for 12 months. OVERVIEW: While not directly available to the average Hong Kong-based reader, BOCHK’s WMC-linked deposit influences local rate dynamics and offers a glimpse into cross-border flow. For HK residents with mainland connections (e.g., family members with WMC accounts), this product becomes accessible indirectly. BOCHK, as Hong Kong’s largest retail bank and clearing bank for RMB, leverages its unique position to attract southbound capital, often setting a floor for local time deposit pricing. KEY BENEFITS: Pros: attractive 12-month rate for eligible investors; integrates with broader WMC framework allowing linked investments; no Hong Kong tax on deposit interest; BOCHK’s massive branch network in Hong Kong and mainland provides convenience; interest can be credited to a multi-currency account; funds are protected under the Deposit Protection Scheme. ELIGIBILITY: Mainland investors must open a dedicated WMC investment account with a designated mainland bank (e.g., BOC mainland branch) and a paired Hong Kong BOCHK account. The HKID holder cannot directly apply; however, joint account arrangements with qualified relatives are possible under certain conditions. The new fund condition is automatically met as it is a southbound transfer. DRAWBACKS: Cons: not available to most local Hong Kong savers directly; WMC scheme involves KYC and cross-border regulatory procedures that can take weeks; the 12-month lock-in replaces liquidity; if the RMB-HKD exchange rate moves unfavourably at maturity, the effective yield in RMB could be impacted (though the deposit is in HKD, eventually funds may be repatriated to RMB); early termination is generally not permitted; limited quota on the scheme may mean offers sell out quickly. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item I

KEY METRICS: Promotional rate: 4.65% p.a. for a 6-month tenor. Minimum new funds: HK$100,000. Exclusive to new Standard Chartered Priority Banking clients joining during May 2026, or existing Priority Banking clients who deposit fresh funds of HK$100,000+ into a new time deposit. Standard 6-month rate: 4.00% p.a. Priority Banking status requires a minimum relationship balance of HK$1,000,000, with a monthly service fee of HK$380 if not met. OVERVIEW: Standard Chartered, a note-issuing bank in HK, combines a long-established physical network with competitive time deposit promotions. This 6-month offer stands out for demanding relatively lower fresh funds (HK$100,000) compared to Citi or HSBC while delivering a solid rate. The bank’s digital platform SC Mobile allows straightforward placement, and customers can access 24/7 phone banking. The 6-month tenor locks in a rate while HIBOR is still elevated, guarding against further Fed cuts. KEY BENEFITS: Pros: lower fresh funds threshold (HK$100,000) broadens eligibility; solid 4.65% p.a. under a full-service bank; 6-month tenor provides decent rate lock; no penalty for early withdrawal if the deposit is held to maturity; SC Priority Banking clients enjoy preferential forex spreads and fee waivers on credit cards; the bank’s extensive branch and ATM network supports cash management; deposits are covered by the Deposit Protection Scheme. ELIGIBILITY: Applicants must be new to Standard Chartered Priority Banking or bring in incremental funds. Account opening requires HKID, proof of address, and initial funding. The time deposit must be placed via the SC Mobile app or at a branch, and the fresh fund condition is checked by comparing the client’s total relationship balance before and after the deposit. DRAWBACKS: Cons: Priority Banking requirement may be onerous for those not able to maintain HK$1,000,000 in total assets; falling below leads to monthly fees that could eat into interest; the promotional rate is often limited to new funds only, so existing idle balances do not qualify; early termination of the deposit may result in administrative charges and loss of all interest; the rate tier might apply only up to a maximum deposit (e.g., HK$2,000,000), with excess earning a lower rate. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.

Item J

KEY METRICS: Promotional rate: 4.60% p.a. for 3 months, valid for new Prestige Banking customers or existing customers with new funds of HK$50,000+. Minimum new funds: HK$50,000. Standard 3-month rate: 3.85% p.a. Prestige Banking requires a minimum relationship balance of HK$500,000; a HK$100 monthly fee applies if the balance falls below. The promotional rate is applicable to each deposit placement up to HK$5,000,000. OVERVIEW: Hang Seng Bank, a subsidiary of HSBC, offers this targeted time deposit to attract mid-tier wealth clients. The HK$50,000 new fund requirement makes it more accessible than premium offerings from Citibank or SCB Priority, while the 3-month tenor provides flexibility. Hang Seng’s extensive ATM and branch network, alongside its well-regarded mobile app, gives it an edge for those who want a physical presence. The rate of 4.60% p.a. is highly competitive for a brick-and-mortar bank with short tenor. KEY BENEFITS: Pros: lower new fund threshold (HK$50,000) than comparable promos; 3-month duration minimises interest rate risk; Prestige Banking status brings benefits like preferential mortgage rates and wealth management fee discounts; interest paid at maturity; early withdrawal is allowed but with a penalty (loss of half of the accrued interest); Hang Seng is part of the HSBC Group, providing global connectivity. ELIGIBILITY: Open to new-to-Hang Seng Prestige customers or existing Prestige customers who bring in HK$50,000 in fresh funds from outside Hang Seng (including Hang Seng Index funds? Not, but from other banks). Account opening requires HKID and proof of address. Minimum balance of HK$500,000 in total relationship to avoid monthly fees. DRAWBACKS: Cons: if the customer cannot maintain the HK$500,000 balance, the HK$100 monthly fee significantly erodes net returns; the promotional rate is only available for the first placement; after maturity, rollover rates are standard low rates; new funds must be clearly traceable as external; early termination penalty, while lenient, still reduces effective yield; heavier cross-selling of insurance and investment products may occur during onboarding. DISCLAIMER: Rates are indicative and subject to change. Verify current rates directly with the bank. Based on publicly available information as of May 2026.