This May 2026 ranking of Hong Kong's highest-yield savings accounts is led by Mox Account, whose base rate of 0.3% stacks with salary-credit and card-spend bonuses to an effective 4.3% p.a. on the first HK$250,000. ZA Bank's Savings Account…
follows close behind at 4.2% on balances up to HK$500,000, while Fusion Bank offers a flat 3.2% with no salary credit or spending conditions attached — the simplest deal on the list. Further down, WeLab's GoSave goal-based account reaches 3.8% on a six-month lock-in and Airstar Bank blends a base and bonus rate to 3.0% on its first HK$300,000, before HSBC, Hang Seng, Bank of China and Standard Chartered trail behind with effective rates under 2%.
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| Rank | Pick & Profile | Base Interest Rate | Base Rate | Bonus Rate Of | Ballot Signal | Details |
|---|---|---|---|---|---|---|
| 01 | 0.3% p.a. on all HKD balances | — | — | Open ballot | Read | |
| 02 | 0.45% p.a. on all HKD balances, no minimum… | — | — | Open ballot | Read | |
| 03 | — | — | — | Open ballot | Read | |
| 04 | — | — | — | Open ballot | Read | |
| 05 | — | 1.8% p.a. on first HK$300,000, 0.5% p.a. o… | 1.2% p.a. additional on first HK$300,000 i… | Open ballot | Read | |
| 06 | — | 0.8% p.a., no minimum balance | 2.0% p.a. additional if account has at lea… | Open ballot | Read | |
| 07 | 0.4% p.a. on HKD savings, no minimum balan… | — | — | Open ballot | Read | |
| 08 | 0.35% p.a. on all HKD balances | — | — | Open ballot | Read | |
| 09 | — | 0.45% p.a. on HKD deposits, no minimum bal… | 0.9% p.a. extra on first HK$200,000 when s… | Open ballot | Read | |
| 10 | 0.2% p.a. on HKD savings, with no minimum… | — | — | Open ballot | Read |
Base Interest Rate: 0.3% p.a. on all HKD balances
Base Interest Rate: 0.45% p.a. on all HKD balances, no minimum…
Base Rate: 1.8% p.a. on first HK$300,000, 0.5% p.a. o… · Bonus Rate Of: 1.2% p.a. additional on first HK$300,000 i…
Mox Account stands out as the highest-value savings product in Hong Kong as of May 2026, blending a market-leading effective APY with a highly intuitive mobile app. The account is designed for digital natives who want optimal returns without legacy banking friction.
The bonus conditions are achievable for most salaried professionals—simply credit your salary and use the Mox Card for five purchases, easily met through daily living. The rate structure is transparent, and the app provides real-time progress tracking toward bonus criteria.
+ Strengths / Pros
ZA Bank’s savings account offers a highly competitive alternative to Mox, with a slightly lower ceiling but a larger cap of HK$500,000 for the bonus rate. The digital experience is sophisticated, featuring AI-driven insights and a clean interface.
The relationship balance requirement encourages users to consolidate their banking, which might appeal to those already using ZA for investments or insurance. The bonus conditions are straightforward, but the higher salary threshold may exclude lower-income earners.
+ Strengths / Pros
WeLab Bank’s GoSave rethinks savings by blending a time deposit’s higher yield with the freedom of partial early withdrawal. For disciplined savers who can commit funds for a few months, the no-strings-attached rate is among the best.
The app gamifies saving with goal-setting tools and progress visuals. It avoids the hassle of salary credit and spending requirements, making it perfect for freelancers or those without regular payroll.
The rate is not tiered by balance, so even small goals earn the full rate.
+ Strengths / Pros
Fusion Bank’s savings account offers a rare “set and forget” proposition: a competitive rate without any bonus hoops. It is particularly suited for affluent individuals holding large cash reserves because the rate does not decline for higher balances, unlike capped bonus structures.
The digital bank is licensed by HKMA and provides a simple, no-frills app for transfers and balance checks. While the rate may not top Mox or ZA under perfect bonus months, it guarantees high returns every day, which can lead to superior average earnings for those who might miss bonus conditions elsewhere.
+ Strengths / Pros
Airstar Bank, a joint venture between Xiaomi and AMTD, delivers a solid hybrid model with a respectable base rate and a modest bonus uplift. The salary credit threshold is low, appealing to entry-level professionals.
The cap of HK$300,000 for elevated rates covers a typical emergency fund size. The app integrates Xiaomi’s ecosystem, offering a smooth experience for users of its devices, though compatibility with iOS is also robust.
+ Strengths / Pros
Livi Bank, backed by BOC Group and JD.com, targets tech-forward savers with a condition that encourages digital bill payment—a practical nudge. The total relationship balance threshold is moderate, making it accessible to young professionals building wealth.
The app is polished, with a mini-program ecosystem for lifestyle deals. However, the bonus cap is lower than top rivals, so it suits modest savers best.
+ Strengths / Pros
HSBC’s Everyday Global Savings is a mainstay for Hong Kong’s salaried population, combining a well-known branch network with a decent bonus rate for loyal payroll customers. Although the effective rate trails virtual banks, the account offers significant non-rate benefits: connected global multi-currency sub-accounts, seamless overseas ATM access, and integrated MPF and insurance views.
For those who value physical service and a comprehensive banking relationship, the trade-off is acceptable.
+ Strengths / Pros
Hang Seng’s savings account provides a slightly lower but still competitive rate in the traditional banking segment, with an additional bill payment requirement that encourages deeper usage. The bank’s extensive branch and ATM network in Hong Kong adds convenience.
The effective rate is modest compared to virtual banks, but for older demographics or those who prefer face-to-face service, it remains a solid core account.
+ Strengths / Pros
BOCHK’s Integrated Savings Account is particularly attractive for those who already use the bank for MPF and payroll, given its strong presence in the Mandatory Provident Fund market. The effective rate is moderate, but the integration with China-based services, cross-border RMB transactions, and access to BOCHK’s extensive branch network in Hong Kong and the Mainland make it a practical choice for cross-border workers.
The app includes mainland property and investment options.
+ Strengths / Pros
Standard Chartered’s Bonus Saver is built for clients who maintain a holistic relationship with the bank, coupling salary and bill payments to unlock a reasonable effective rate. While the interest itself isn’t market-leading, the account’s appeal lies in its ancillary benefits: premium debit card rewards, airport lounge access with a qualifying balance, and tie-ins with SC’s wealth management platform.
It suits affluent individuals who prioritize banking perks over pure yield.
+ Strengths / Pros
WeLab Bank contender · Community Ranked #3
0% foreign currency transaction fee + 5% designated everyday & grocery merchant cashback
0% foreign currency transaction fee + 5% designated everyday & grocery merchant cashback
Fusion Bank contender · Community Ranked #4
Airstar Bank 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.
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Create a list with AI →| Metric | #1Mox Account - Mox Bank | #2ZA Savings Account - ZA Bank | #3GoSave - WeLab Bank | #4Fusion Savings Account - Fusion Bank | #5Airstar Savings Account - Airstar Bank | #6Livi Savings Account - Livi Bank | #7Everyday Global Savings - HSBC | #8Hang Seng Savings Account - Hang Seng Bank | #9Integrated Savings Account - Bank of China (Hong Kong) | #10Bonus Saver - Standard Chartered Bank |
|---|---|---|---|---|---|---|---|---|---|---|
| Base interest rate | 0.3% p.a. on all HKD balances | 0.45% p.a. on all HKD balances, no minimum balance | — | — | — | — | 0.4% p.a. on HKD savings, no minimum balance required to earn interest | 0.35% p.a. on all HKD balances | — | 0.2% p.a. on HKD savings, with no minimum balance |
| Bonus rate up to | 4.0% p.a. achievable through: salary credit of HK$15,000+ per month (waived for first 12 months after account opening… | 3.75% p.a. by crediting monthly salary of at least HK$20,000 and maintaining a total relationship balance (deposits +… | — | — | — | — | — | — | — | — |
| Effective all-in rate reaches | 4.3% p.a. on the first HK$250,000, with excess over that tier earning 0.3% p.a | 4.2% p.a. on the first HK$500,000; balance above that earns base rate | — | — | — | — | 1.9% p.a. on qualifying balance | 1.7% p.a. on the eligible tier | — | 1.5% p.a |
| No monthly account fee | — | — | — | — | — | — | — | — | — | |
| HKMA Deposit Protection Scheme covers up to | HK$500,000 per depositor | — | — | — | — | — | — | — | — | — |
Data extracted from item descriptions. Verify rates with the issuing institution.
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What does 'effective APR' mean on a Hong Kong savings account? Effective APR reflects the total annualized return you actually earn once the base rate, any bonus tier, and the qualifying conditions are combined over a year — not just the headline base rate printed on the first page of the product sheet.
Do I need a minimum balance to earn the bonus rate? Most accounts in this list require either a minimum HKD balance, a monthly deposit, or a salary-payer arrangement before the bonus tier unlocks. Each item above lists its specific threshold.
Are digital banks like Mox, ZA and WeLab safe? All banks listed are licensed by the Hong Kong Monetary Authority (HKMA). Deposits held in HKD are protected under the Deposit Protection Scheme up to HK$800,000 per depositor per bank.
How often are these rates updated? Promotional and time-limited bonus rates can change monthly. This list reflects rates publicly advertised for May 2026.
The single highest effective APY on this list only applies up to a specific balance tier, and only once you clear that bank's bonus conditions in full — miss the salary-credit or card-spend requirement in a given month and the rate for that cycle typically reverts to a base rate that can be ten times lower. Before choosing an account off this list, check three things: the balance cap the bonus rate actually applies to, exactly what triggers it, and what you fall back to if you miss it. An account with a lower headline rate but no monthly conditions can end up paying more over a year for a saver who can't reliably hit every requirement.
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HKD time deposit rates in Hong Kong
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