Top10Grid Ranks The 5 Top 10 Best Savings Accounts and Time Deposits in Hong Kong 2026

Key Statistics

Top 5 Rankings

1. 1

   ZA Bank Time Deposit

   ZA Bank consistently offers Hong Kong's highest time deposit rates for retail customers, with promotional 1-month rates reaching 4.0-4.5% p.a. (HKD) in 2026 for new funds — substantially above the 2-3% offered by traditional banks. The minimum deposit is just HK$10,000, deposits can be opened 24/7 via app in under 60 seconds, and auto-rollover is configurable. ZA Bank is licensed by the HKMA and deposits are protected under the Deposit Protection Scheme up to HK$500,000 per depositor.

2. 2

   Mox Bank Savings Account

   Mox (a virtual bank backed by Standard Chartered, HKT, and PCCW) offers a high-yield savings account with no minimum balance and no lock-in period — a rare combination in HK banking. The base savings rate of 3.6% p.a. (HKD) in 2026 is among the highest available on a demand deposit basis, meaning funds remain fully liquid. Mox's round-up savings feature automatically transfers cents rounded up from each debit card transaction into a savings pot, accelerating balance accumulation for disciplined savers.

3. 3

   DBS Multiplier Account

   DBS Multiplier Account rewards customers for consolidating their financial life with DBS — crediting salary, making credit card spend, taking a home loan, and investing through DBS all unlock progressively higher savings rates. The maximum rate reaches 3.8% p.a. on balances up to HK$100,000 when three or more product categories are fulfilled. For existing DBS mortgage or investment customers, this is the most rewarding savings account available from a traditional bank — effectively monetising relationship depth rather than offering one-size-fits-all pricing.

4. 4

   HSBC Everyday Savings Account

   HSBC Everyday Savings Account offers a tiered interest structure peaking at 2.8% p.a. for balances above HK$200,000 held in the account for 30+ consecutive days without withdrawal. The account integrates with HSBC's Reward+ programme, earning bonus RewardCash on balance milestones. HSBC's key advantage is its global network — funds in the HK savings account can be instantly transferred to HSBC accounts in 40+ countries at zero transfer fee, making it the savings engine of choice for internationally mobile professionals.

5. 5

   Hang Seng Savings Account

   Hang Seng Bank's savings account offers competitive tiered rates up to 2.5% p.a. for balances above HK$1 million, with the practical advantage of seamless integration with the Hang Seng mobile app for managing MPF, mortgages, and insurance under one platform. The bank's ATM network of 400+ machines is the most extensive of any HK bank, and Hang Seng's long-standing retail franchise means branches in every major district for customers who value in-person banking access alongside digital convenience.

View the full ranking at https://dev.top10grid.com/top-10-best-savings-accounts-and-time-deposits-in-hong-kong-2026