Staff Reporter
,
Hong Kong
Photo by Windmemories via Wikimedia Commons. Apart from cropping of photo, no other edits were made. License: https://creativecommons.org/licenses/by-sa/4.0/deed.en
The new rates come into effect on 20 September 2024.
The Bank of East Asia (BEA) has lowered its standard savings rates for HK dollar savings accounts to 0.625% per annum (pa) for deposit balances above HK$5,000 beginning Friday, 20 September.
The previous savings rate was 0.8725% pa, according to a press release.
Its HK dollar prime rate will also be lowered to 5.875% pa, compared to 6.125% currently.
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