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

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 ranks third due to its balanced tenor and the additional benefit of seamless 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 ranks highly 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 ranks fifth for its 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 ranks seventh, reflecting 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 ranks tenth due to its lower yield compared to peers, 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.

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 ranks third due to its balanced tenor and the additional benefit of seamless 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 ranks highly 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 ranks fifth for its 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 ranks seventh, reflecting 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 ranks tenth due to its lower yield compared to peers, 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.