This May 2026 roundup ranks Hong Kong's best HKD time deposit promotions, topped by WeLab Bank's 4.8% p.a. six-month new-funds rate on a HK$10,000 minimum. Rates across the list run from 3.9% at HSBC Premier up to that WeLab high, spanning…
three-month terms at ZA Bank to twelve-month deposits at Mox, BOCHK and Hang Seng, with minimum deposits as low as HK$5,000 and as high as HK$200,000 for private-banking tiers like DBS Treasures and Standard Chartered Priority. Most promotions require fresh funds or a salary credit and expire between May and June 2026, so check each bank's terms before locking in a rate.
Top10Grid Editorial Studio
Starting order. Vote up or down to reorder this list.
| Rank | Pick & Profile | Rate: | Min Deposit: | Ballot Signal | Details |
|---|---|---|---|---|---|
| 01 | 4.8% p.a. (6-month tenor) | HK$10,000 | Open ballot | Read | |
| 02 | 4.6% p.a. (3-month tenor) | HK$5,000 | Open ballot | Read | |
| 03 | 4.5% p.a. (12-month tenor) | HK$50,000 | Open ballot | Read | |
| 04 | 4.65% p.a. (6-month tenor) | HK$100,000 | Open ballot | Read | |
| 05 | 4.4% p.a. (6-month tenor) | HK$200,000 | Open ballot | Read | |
| 06 | 4.3% p.a. (6-month tenor) | HK$50,000 | Open ballot | Read | |
| 07 | 4.2% p.a. (12-month tenor) | HK$100,000 | Open ballot | Read | |
| 08 | 4.1% p.a. (6-month tenor) | HK$200,000 | Open ballot | Read | |
| 09 | 4.0% p.a. (12-month tenor) | HK$50,000 | Open ballot | Read | |
| 10 | 3.9% p.a. (6-month tenor) | HK$100,000 | Open ballot | Read |
Rate:: 4.8% p.a. (6-month tenor) · Min Deposit:: HK$10,000
Rate:: 4.6% p.a. (3-month tenor) · Min Deposit:: HK$5,000
Rate:: 4.5% p.a. (12-month tenor) · Min Deposit:: HK$50,000
Rate:: 4.65% p.a. (6-month tenor) · Min Deposit:: HK$100,000
Rate:: 4.4% p.a. (6-month tenor) · Min Deposit:: HK$200,000
WeLab Bank’s 6-month HKD Time Deposit offers the highest promotional rate among Hong Kong’s digital banks as of May 2026. Designed for depositors who can commit fresh capital for half a year, this product significantly outpaces standard board rates and even peer digital offerings.
Based on publicly available information as of May 2026, the rate reflects a campaign targeting retail customers seeking low-risk yield enhancement in a rising HIBOR environment. The account is opened and managed entirely via the WeLab Bank app, with HKMA deposit protection up to HK$500,000.
PROS: Exceptionally competitive 4.8% p.a. fixed for six months; low minimum deposit of just HK$10,000 makes it accessible to almost all savers; no branch visits required—fully digital onboarding including eKYC; interest is calculated daily and paid at maturity, with no early withdrawal penalty beyond losing accrued interest; the deposit is protected under the Hong Kong Deposit Protection Scheme.
ZA Bank extends an aggressive 3-month time deposit rate aimed squarely at first-time customers, making it the best short-term option on the market. Based on publicly available information as of May 2026, this offer leverages ZA’s low-cost digital infrastructure to pass high rates directly to savers.
The product is ideal for those with a cash surplus who want a quick, no-strings-attached return while maintaining liquidity. As a licensed virtual bank under HKMA, deposits are protected up to HK$500,000.
PROS: Attractive 4.6% p.a. for only a three-month commitment; very low entry barrier at HK$5,000; fully mobile account setup in minutes; no ongoing relationship requirement—after the deposit matures, the customer can withdraw or roll over at prevailing rates; interest credited at maturity simplifies tax reporting.
Mox Bank offers a standout 12-month time deposit rate for salary-credit customers, combining a competitive fixed return with convenient digital banking. Based on publicly available information as of May 2026, this product stands out for its balanced 12-month tenor and its integration with Mox’s spending and savings ecosystem.
The deposit is fully protected under the Deposit Protection Scheme. Unlike many promotions, the rate is available to existing customers who meet the salary condition, not just new ones.
PROS: Solid 4.5% p.a. locked for one year, providing a predictable income stream; no requirement for new funds outside normal salary flow; Mox’s app allows instant setup and maturity instructions; interest can be credited to the linked Mox current account for immediate use; combined with Mox’s card cashback, the overall banking relationship becomes highly rewarding.
Citibank Hong Kong’s Citi Priority tier provides one of the highest traditional bank promotional rates in May 2026. Based on publicly available information as of May 2026, the 4.65% p.a. for six months is targeted at mass-affluent clients who bring fresh assets to Citi.
This product stands out because it combines a top-tier rate with the safety and service of a full-service bank, including branch access. Deposits are insured up to HK$500,000 by the HKMA.
PROS: Excellent 4.65% rate from a major global bank; Citi Priority status brings additional perks like fee waivers and preferential forex rates; the tenor of six months offers a good balance between yield and liquidity; at maturity, funds can be rolled into other Citibank investment products or withdrawn without penalty; strong online and telephone banking support.
DBS Bank (Hong Kong) extends a competitive 6-month time deposit rate to its Treasures wealth management clients, reflecting DBS’s focus on relationship-based pricing. Based on publicly available information as of May 2026, this product offers a robust rate from a reputable regional bank, though the higher minimum deposit and invitation-only nature limit its accessibility.
Hong Kong Deposit Protection Scheme coverage applies. PROS: Attractive 4.4% p.a. fixed rate for half a year; Treasures clients enjoy dedicated relationship manager support, priority branch services, and cross-border banking conveniences; interest is paid at maturity and can be directed to any linked DBS account; the deposit can be used as collateral for DBS investment facilities; part of a broader wealth management ecosystem with insurance and investment choices.
The Bank of East Asia (BEA) offers a straightforward 6-month time deposit promotion that delivers a solid 4.3% p.a. with a moderate minimum deposit. Based on publicly available information as of May 2026, this product provides a reliable option for savers preferring a well-established local bank with extensive branch coverage.
BEA’s digital platform and physical network offer a hybrid banking experience. Protection under the Deposit Protection Scheme up to HK$500,000 applies.
PROS: Decent 4.3% rate for a six-month lock-in; minimum deposit of HK$50,000 is within reach of many middle-class savers; BEA has over 70 branches in Hong Kong for in-person service; the promotion is available to both new and existing customers, as long as funds are new to BEA; interest can be credited to a BEA savings account and used for daily spending.
BOCHK’s 12-month time deposit provides a dependable, longer-term fixed-income option at 4.2% p.a. for customers with fresh capital. Based on publicly available information as of May 2026, this product offers a moderate rate that benefits from BOCHK’s strong brand and extensive branch network.
It suits conservative investors looking to lock in returns for a full year amid interest rate speculation. HKMA deposit protection covers up to HK$500,000.
PROS: Fixed 4.2% p.a. for 12 months offers certainty in a potentially declining rate cycle; BOCHK is the largest retail bank in Hong Kong with unrivaled branch and ATM access; the deposit can be managed via BOCHK’s internet banking or mobile app, with optional branch handling; interest payout at maturity can be directed to a BOCHK savings account; promotional rate often extended to existing customers who bring new money.
Standard Chartered Hong Kong’s Priority Banking time deposit promotion yields 4.1% p.a. over six months, tailored for the priority banking segment. Based on publicly available information as of May 2026, this offer is suitable for clients who can meet the relationship requirements and seek a rate from a large international bank with global connectivity.
The deposit is protected under the Deposit Protection Scheme up to the statutory limit. PROS: Competitive rate from a top-tier bank with a strong presence in Asia; Priority Banking status unlocks dedicated relationship management, global account linkage, and preferential loan rates; the six-month tenor provides quick liquidity relative to the rate achieved; interest can be used to offset other standard chartered banking fees; promotional rate is fixed and not floating with HIBOR during the term.
Hang Seng Bank, part of the HSBC Group, offers a 12-month time deposit at 4.0% p.a. to customers who consolidate their salary or mortgage relationship. Based on publicly available information as of May 2026, this product provides a solid, stable return from one of Hong Kong’s most trusted local banks.
Although the rate is lower than aggressive digital banks, the convenience and Hang Seng’s extensive service network balances the equation. Protected under the Deposit Protection Scheme up to HK$500,000.
PROS: Decent 4.0% fixed for one year with a moderate HK$50,000 minimum; salary-credit linkage encourages disciplined saving without requiring large upfront sums; Hang Seng provides one-stop financial services including MPF and credit cards; interest is credited at maturity and can be used to defray banking fees or invested; the bank’s 260+ branches and ATMs offer unmatched accessibility.
HSBC Hong Kong’s Premier banking time deposit promotion offers a 3.9% p.a. rate over six months, reflecting the bank’s conservative yet relationship-focused pricing. Based on publicly available information as of May 2026, this product offers a lower yield compared to some peers on this list, but it remains a relevant choice for Premier clients who value HSBC’s global reach and priority services.
The deposit is covered by the Hong Kong Deposit Protection Scheme. PROS: A recognized global bank with extensive international support; Premier status includes a dedicated relationship manager, global emergency services, and preferential FX rates; the six-month tenor locks in a fixed return without a long commitment; the deposit can be opened online or at any HSBC Premier center; interest is paid at maturity and easily accessible.
WeLab Bank contender · Community Ranked #1
0% foreign currency transaction fee + 5% designated everyday & grocery merchant cashback
0% foreign currency transaction fee + 5% designated everyday & grocery merchant cashback
Citibank contender · Community Ranked #4
DBS contender · Community Ranked #5
Illustrative estimates based on published card, policy, or checkup plan tiers; verify current provider terms before applying. Rankings are driven by primary research and community votes—never commission.
Have a list idea?
Start your own list and get help drafting entries with AI. A free account is required.
Create a list with AI →| Metric | #16-Month HKD New Funds Time Deposit - WeLab Bank | #23-Month HKD New Customer Time Deposit - ZA Bank | #312-Month HKD Salary Credit Time Deposit - Mox Bank | #46-Month HKD New Funds Time Deposit - Citi Priority | #56-Month HKD New Funds Time Deposit - DBS Treasures | #66-Month HKD New Funds Time Deposit - BEA | #712-Month HKD New Funds Time Deposit - Bank of China Hong Kong (BOCHK) | #86-Month HKD New Funds Time Deposit - Standard Chartered Priority Banking | #912-Month HKD New Funds Time Deposit with Payroll - Hang Seng Bank | #106-Month HKD New Funds Time Deposit - HSBC Premier |
|---|---|---|---|---|---|---|---|---|---|---|
| Rate: | 4.8% p.a. (6-month tenor) | 4.6% p.a. (3-month tenor) | 4.5% p.a. (12-month tenor) | 4.65% p.a. (6-month tenor) | 4.4% p.a. (6-month tenor) | 4.3% p.a. (6-month tenor) | 4.2% p.a. (12-month tenor) | 4.1% p.a. (6-month tenor) | 4.0% p.a. (12-month tenor) | 3.9% p.a. (6-month tenor) |
| Min deposit: | HK$10,000 | HK$5,000 | HK$50,000 | HK$100,000 | HK$200,000 | HK$50,000 | HK$100,000 | HK$200,000 | HK$50,000 | HK$100,000 |
| New funds requirement: Yes | — | — | — | — | — | — | — | — | — | |
| Promotion valid until | 31 May 2026 | — | — | — | — | — | — | — | — | — |
| New funds requirement: Yes, from external source | — | — | — | — | — | — | — | — | — |
Data extracted from item descriptions. Verify rates with the issuing institution.
Think something was robbed of a spot?
Nominate a missing contender — once approved, the community votes it up or down into the rankings.
Our methodology: Promotional time deposit rates were collected directly from each bank's official Hong Kong website in May 2026. Rankings are ordered by effective annual return (highest first). We recorded the minimum deposit, eligible term length, and eligibility conditions (e.g., new funds only, salary credit required).
What does 'new funds only' mean? Most promotional rates require money that has not been held at that bank in the past 30–90 days. Confirm eligibility with your bank before transferring.
What happens if I withdraw early? Early withdrawal typically forfeits all accrued interest. Review your bank's specific terms before committing.
Are these rates guaranteed? Promotional rates are fixed for the agreed term length. Rates shown were accurate at time of publication — verify the current rate on each bank's official website before depositing.
What does 'new funds' mean? Most promotional rates require money that is not already sitting at that bank. Transferring savings from another bank counts as new funds; simply shuffling money between your own accounts at the same bank usually does not qualify.
What does 'p.a.' mean? 'Per annum' — the interest rate earned over a full year. A 4.8% p.a. rate on a 6-month deposit means you receive roughly 2.4% in interest for those 6 months.
What happens if I need my money back early? Most banks allow early withdrawal, but you typically forfeit all or part of the interest earned. Always check the penalty terms before locking in your deposit.
Which option has the lowest minimum deposit? ZA Bank's 3-month offer starts at just HK$5,000, making it the most accessible entry point on this list.
Are my deposits safe? Deposits held at Hong Kong licensed banks are protected up to HK$500,000 per depositor under the
Rank it your way
Remix this list into your own ranking, or head to the play hub for every game mode and community breakdown — blind mode, challenges, tier lists, and more.
Almost every product on this list requires something beyond simply having money to deposit: most require 'new funds' transferred in from outside the bank rather than money already sitting in an existing account, several require an active salary credit or mortgage relationship, and the highest-tier offers require maintaining a broader relationship balance across deposits, investments, and insurance. Before comparing headline rates, check which of these conditions you can actually meet — a higher advertised rate you don't qualify for isn't a real option.
Every product here auto-renews at the bank's standard board rate once the promotional tenor matures, unless you actively give a counter-instruction — and board rates on ordinary time deposits are typically far lower than the promotional rate that attracted the deposit in the first place. The practical way to use a list like this is to calendar the maturity date and decide in advance whether you'll roll into a new promotion, move the funds elsewhere, or accept the lower standard rate, rather than letting it auto-renew by default.
highest interest savings accounts in Hong Kong
Explore this ranking →