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Top 10 Highest Interest Savings Accounts in Hong Kong May 2026
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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- 0#1
Mox Account - Mox Bank
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.
Key Metrics
Base interest rate:0.3% p.a. on all HKD balancesBonus 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, subject to conditions) and minimum 5 eligible card transactions per monthEffective all-in rate reaches:4.3% p.a. on the first HK$250,000, with excess over that tier earning 0.3% p.a+3 morePros and Cons
Pros
- highest effective interest rate for balances up to HK$250,000 among Hong Kong savings accounts
- straightforward bonus requirements—salary credit and card spend are easily automated
- no minimum balance fees
- top-rated mobile app with spending analytics, goal-based savings pockets, and live chat support
- instant account opening via HKID
- supports FPS and CRS
- HKD and CNY sub-accounts available
Eligibility
- Hong Kong residents aged 18 or above with a valid HKID and residential address
- No minimum income requirement to open the account, but salary credit condition necessitates employment
- Account can be opened entirely via the Mox app
Things to Watch Out For
- effective rate drops sharply for balances above HK$250,000, making the account less attractive for large cash holdings
- missing a single month’s salary credit or card spend resets the bonus rate to 0.3% for that cycle
- no branch access—support is entirely digital, which may not suit everyone
- foreign currency savings (excluding CNY) earn lower rates. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
- 0#2
ZA Savings Account - ZA Bank
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.
Key Metrics
Base interest rate:0.45% p.a. on all HKD balances, no minimum balanceBonus rate up to:3.75% p.a. by crediting monthly salary of at least HK$20,000 and maintaining a total relationship balance (deposits + investments) of HK$100,000 or moreEffective all-in rate reaches:4.2% p.a. on the first HK$500,000; balance above that earns base rate+2 morePros and Cons
Pros
- high bonus rate cap of HK$500,000 suits mid-size savers
- base rate above zero even without bonus
- no fee structure
- seamless integration with ZA investment (funds, stocks) and insurance products
- FPS and eDDA supported
- HKID-only account opening within minutes
- mobile app includes spending tracker, bill reminders, and virtual debit card
Eligibility
- Any Hong Kong resident aged 18+ with HKID
- No physical branch visit required
- Salary credit must be via bank transfer identified as “salary” by the employer
- No minimum income for base account, but bonus requires HK$20,000+ monthly salary credit
- Relationship balance can be met with HKD time deposits, mutual funds, or insurance savings plans held with ZA
Things to Watch Out For
- the relationship balance hurdle of HK$100,000 may be impractical for those who prefer to keep investments elsewhere
- effective rate for balances over HK$500,000 is low
- crossing the salary threshold might not be feasible for all
- digital-only service may lack human touch for complex enquiries
- interest is calculated daily but credited monthly, which may slightly lag. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
- 0#3
GoSave - WeLab Bank
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.
Key Metrics
No base rate—interest is earned only on GoSave goals:Rate up to:3.8% p.a. on savings goals with a minimum placement period of 6 monthsNo salary credit or card spend conditions; simply lock a savings goal with flexible early withdrawal (interest reduced to:0.5% if withdrawn before maturity)+3 morePros and Cons
Pros
- unconditional high rate—ideal for those who dislike bonus traps
- flexible early withdrawal allows access to funds in an emergency (penalty rate still beats many traditional banks’ savings)
- app design focused on behavioral saving
- instant goal creation with FPS funding
- no minimum balance to start a goal (as low as HK$500)
- funds are protected by HKMA up to HK$500,000
Eligibility
- Hong Kong resident, 18+, HKID
- Open account via app
- Linked FPS or bank transfer
- No income check
- For GoSave, simply set a target amount and period (1, 3, 6, or 12 months)
- Early withdrawal penalty reduces rate to 0.5% on withdrawn portion
Things to Watch Out For
- money is locked for the chosen term to earn the full rate—if you withdraw early, you lose the premium
- no tiered benefits for larger balances
- no base interest on idle funds outside a goal
- mobile-only, no branch support
- joint accounts not available. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
SourcesGoogle - 0#4
Fusion Savings Account - Fusion Bank
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.
Key Metrics
Flat base interest rate of:3.2% p.a. on all HKD balances, no conditions, no minimum balance, no cap on qualifying depositNo monthly service fee:Interest calculated daily, credited monthly:+2 morePros and Cons
Pros
- unconditional, un-tiered 3.2% p.a. simplifies planning
- no minimum balance requirement
- perfect for large depositors (e.g., HK$1M+ earns full rate on entire sum)
- no need to track spending or salary credits
- FPS and eDDA supported
- 24/7 app access
- account opening takes minutes
- Fusion Bank also offers multi-currency sub-accounts
Eligibility
- Any Hong Kong permanent resident or non-permanent resident with HKID and valid residential address
- Age 18+
- No income or employment verification required
- Virtual onboarding only
Things to Watch Out For
- lower headline rate than bonus-enhanced accounts when conditions are met, meaning active optimizers could earn more elsewhere
- mobile-only with limited customer support
- no physical branches
- overseas transfers may incur higher fees compared to traditional banks
- the bank’s relatively smaller operation may experience occasional app downtime during high traffic. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
SourcesGoogle - 0#5
Airstar Savings Account - Airstar Bank
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.
Key Metrics
Base rate:1.8% p.a. on first HK$300,000, 0.5% p.a. on remainder, no conditionsBonus rate of:1.2% p.a. additional on first HK$300,000 if monthly salary credit of HK$10,000+ is receivedCombined effective rate reaches:3.0% p.a. on HK$300,000+2 morePros and Cons
Pros
- base rate of 1.8% is above many competitors even without salary credit
- easy bonus condition (HK$10,000 salary) attainable for most full-time workers
- app features include spending categorization and instant FPS
- no sneaky tier drop after cap—simply lower rate on excess
- account opening leverages HKID scanning
- eligible for FPS rewards promos
Eligibility
- HKID holders aged 18+
- Salary credit can be from any employer, must be designated as payroll
- No minimum total balance required
- Digital account setup only
Things to Watch Out For
- effective rate cap at HK$300,000 limits yield for larger savers
- bonus only applies if salary is credited, missing out on one month resets the effective rate
- the bank’s smaller size may limit future product expansion
- support primarily via chat, response times can lag during peak. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
SourcesGoogle - 0#6
Livi Savings Account - Livi Bank
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.
Key Metrics
Base rate:0.8% p.a., no minimum balanceBonus rate of:2.0% p.a. additional if account has at least one direct debit authorization for bill payment each month and total relationship balance (including investments) exceeds HK$50,000Effective all-in rate up to:2.8% p.a. on balances up to HK$200,000; beyond that, base rate applies+2 morePros and Cons
Pros
- reasonable base rate even without bonus
- bonus conditions are automation-friendly (e.g., set up a monthly phone bill direct debit)
- Livi app includes integrated shopping and dining discounts, potentially offsetting lower yield
- HKID opening within minutes
- joint account available
- seamless integration with BOC’s branch network for cash deposit/withdrawal at BoC ATMs
Eligibility
- Hong Kong ID, 18+
- Set up a direct debit for utility/telecom/broadband payment authorized through the Livi app
- Relationship balance can be HKD savings, time deposits, or mutual funds held with Livi
- No salary credit required
Things to Watch Out For
- capped bonus at HK$200,000 leaves bigger balances under-optimized
- relationship balance of HK$50,000 may shift funds from higher-yield accounts
- fluctuating monthly bill direct debit must be active every month—a missed month drops the rate
- customer support limited to digital channels. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
SourcesGoogle - 0#7
Everyday Global Savings - HSBC
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.
Key Metrics
Base interest rate:0.4% p.a. on HKD savings, no minimum balance required to earn interestBonus interest of:1.5% p.a. extra on the first HK$500,000 if monthly salary credit of HK$10,000+ with HSBC payroll designation and at least 5 eligible debit card purchases per statement cycleEffective all-in rate reaches:1.9% p.a. on qualifying balance+2 morePros and Cons
Pros
- substantial branch and ATM network
- linked multi-currency (12 currencies) with real-time FX
- bonus conditions align with normal usage—salary credit and spending
- mobile app includes wealth dashboard, travel tools, and P2P transfer via PayMe
- integrated with HSBC MPF and loan services
- no minimum balance charge on the Everyday Global package
Eligibility
- Hong Kong residents with HKID, 18+
- Account can be opened online or in branch
- Payroll must be received via HSBC’s salary credit service
- Debit card spending excludes cash advances and balance transfers
Things to Watch Out For
- effective interest rate significantly lower than digital-only rivals
- bonus rate is capped at HK$500,000
- missing monthly debit card spend resets the bonus for that cycle
- interest rate on excess balance or non-payroll accounts is weak (0.4%)
- complex fee structure on other services can erode value if not careful. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
SourcesGoogle - 0#8
Hang Seng Savings Account - Hang Seng Bank
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.
Key Metrics
Base interest rate:0.35% p.a. on all HKD balancesBonus interest of:1.35% p.a. additional on the first HK$300,000 when monthly salary credit (HK$10,000+) is maintained and at least one bill payment or direct debit mandate is active via Hang SengEffective all-in rate reaches:1.7% p.a. on the eligible tier+2 morePros and Cons
Pros
- wide ATM coverage (over 250 locations) and free ATM transactions at Hang Seng and HSBC ATMs
- integrated with Hang Seng mortgage, credit card, and MPF services
- app offers real-time account aggregation and wealth management
- bonus condition using bill payment is easy—set up a recurring phone bill
- no fee if balance maintained
- FPS and eCheque supported
Eligibility
- HKID holders, 18+
- Salary payment must be made through employer’s Hang Seng payroll
- Active bill payment can be a direct debit authority for utilities or Hang Seng’s own credit card payment
- Minimum average monthly balance of HK$5,000 to waive fee
Things to Watch Out For
- effective rate is low compared to digital banks
- monthly fee applies if balance dips below HK$5,000
- bonus capped at HK$300,000, limiting its benefit for those with larger savings
- the bill payment mandate must be active each month—any lapse reduces bonus
- paper statements may incur additional fee in some cases. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
- 0#9
Integrated Savings Account - Bank of China (Hong Kong)
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.
Key Metrics
Base rate:0.45% p.a. on HKD deposits, no minimum balanceBonus rate of:0.9% p.a. extra on first HK$200,000 when salary is credited through BOCHK and a MPF contribution plan is held with the bankEffective all-in rate up to:1.35% p.a+2 morePros and Cons
Pros
- linked MPF consolidation provides a single view
- extensive ATM/branch network including Cross-boundary Wealth Management Connect (WMC) facilities
- foreign currency savings in CNY, USD, and others
- no monthly fee
- FPS and BoC Pay integration
- eligible for exclusive time deposit promotional rates for payroll customers
- app allows for seamless Hong Kong-mainland China fund transfers
Eligibility
- Hong Kong resident, 18+, HKID
- Salary must be deposited into the account with the transaction code identifying payroll
- MPF contribution account must be under BOCHK’s trustee (BOC-Prudential)
- No minimum balance to open
Things to Watch Out For
- effective interest rate is low compared to digital bank offerings
- bonus capped at HK$200,000, low for mid-to-high savers
- requires locking MPF with BOCHK, which may not be the best performer
- if MPF contributions stop (e.g., job change), bonus ends
- higher spreads on foreign exchange than some competitors. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
SourcesGoogle - 0#10
Bonus Saver - Standard Chartered Bank
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.
Key Metrics
Base interest rate:0.2% p.a. on HKD savings, with no minimum balanceBonus interest up to:1.3% p.a. extra on the first HK$500,000 when a monthly salary credit of HK$15,000+ is received and three or more bill payments (via direct debit or SC’s e-bill service) are processed per statement cycleEffective all-in rate reaches:1.5% p.a+2 morePros and Cons
Pros
- bonus tier cap of HK$500,000 matches higher-end savers
- integrated bill payments make it easy to meet conditions
- SC Mobile app offers comprehensive wealth insights and investment trading
- debit card earns reward points redeemable for air miles or cashback
- access to Standard Chartered’s priority banking services for elevated relationship tiers
- physical branches in major districts
Eligibility
- HKID, 18+
- Salary must be designated as payroll credit
- Three bill payments can be utilities, credit card payments from other banks, or SC’s own bills
- Relationship balance of HK$100,000+ to waive monthly fee
- Priority banking status (typically HK$1,000,000 in assets) unlocks higher-tier rates
Things to Watch Out For
- low base rate means missing a condition drastically reduces earnings
- monthly fee without sufficient relationship balance
- three monthly bill payments requirement may be tedious for some
- effective rate still significantly below digital-first banks
- international transfer fees are relatively high. Rates are indicative and subject to change. Always verify current rates directly with the bank before applying. Based on publicly available information as of May 2026
Quick Comparison
| 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.
Frequently Asked Questions About Hong Kong High-Yield Savings Accounts
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.
Why the Top of This List May Not Be Your Best Fit
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.
Image credits
- Mox Account - Mox Bank: Renewable energy / Wikipedia
- ZA Savings Account - ZA Bank: Standard Bank / Wikipedia
- GoSave - WeLab Bank: UBS / Wikipedia
- Fusion Savings Account - Fusion Bank: UBS / Wikipedia
- Airstar Savings Account - Airstar Bank: Bing Images / i0.wp.com
- Livi Savings Account - Livi Bank: Great Famine (Ireland) / Wikipedia
- Everyday Global Savings - HSBC: Bing Images / cdn.growbeansprout.com
- Hang Seng Savings Account - Hang Seng Bank: POSB Bank / Wikipedia
- Integrated Savings Account - Bank of China (Hong Kong): DBS Bank / Wikipedia
- Bonus Saver - Standard Chartered Bank: Euro area crisis / Wikipedia
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