OCBC Wing Hang Bank increased its 12-month Hong Kong dollar fixed deposit rate to 5 percent from 4 percent on Thursday, and extended the promotion period until Nov 12.
HONG KONG – Major Hong Kong banks are offering higher rates amid a hike in the interest rate environment to attract new customers, pushing the time deposit rates for the Hong Kong dollar up to the 5 percent level. Banks in Hong Kong are pushing the time deposit rates for the Hong Kong dollar up to the 5 percent level to attract new customers.
