Staff Reporter
,
Hong Kong
Photo by teslacoils from FreeImages
The HKD savings deposit rate was also adjusted.
Bank of China (Hong Kong) has announced that its Hong Kong dollar prime rate was changed to 5.750% from 5.625% per annum (p.a.) previously.
Similarly, its savings deposit rate was modified to 0.750% p.a., previously 0.625% p.a..
In lieu of that, those with a daily account balance of HK$5,000 (US$637) and up will have an interest of 0.75% p.a., while those with less than HK$5,000 will have 0%.
In addition, savings with a daily account balance of HK$1.0m (US$130,000) and up will benefit an additional 0.001% p.a..
(HK$1 = US$0.13)
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