As inflation slows down in the United States and the country enters an interest rate reduction cycle, high-yield cash returns are beginning to decline. Investors in time deposits may need to continuously search for higher-interest time deposits. However, With numerous products on the market and high-interest promotional offers often setting higher thresholds, investors should carefully compare options before investing. You may also consider Syfe’s Cash+ Fixed HKD, a newly launched fixed-income investment service, to find the most suitable product for your needs.
According to Syfe’s continuously updated market research, based on recent information from the official websites of 10 major banks in the market, the best 3-month HKD fixed time deposit rate stands at 3.30%, with DBS Bank offering the highest rate at 3.20%, followed by several banks at 3.10% including Standard Chartered, Hang Seng, Bank of East Asia, and Nanyang Commercial Bank. For the longer 6-month HKD time deposit term, DBS Bank leads with 3.25%, followed closely by Bank of Communications at 3.20%.
As for Syfe’s Cash+ Fixed HKD product, it is denominated in HKD and invests in time deposits. The interest rates are fixed like traditional deposits, with no management fees. Cash+ Fixed HKD offers 1-month, 3-month, and 6-month options at fixed yields of 3.45%, 3.65%, and 3.75% respectively, higher than typical time deposits. Most importantly, Cash+ Fixed HKD has no minimum investment amount, making it suitable not only for smaller investors but also for anyone looking to allocate funds flexibly.
For example, with a principal of HK$100,000 in a 6-month Cash+ Fixed HKD product at a 3.75% yield, you could earn HK$1,875* at maturity, providing investors with more investment options.
HKD Time Deposit Rates Comparison – April 2025
| Institution | Currency | 1 Month | 3 Months | 6 Months | 12 Months |
| Syfe Investment Services | — | 3.45% | 3.65% | 3.75% | |
| Bank Fixed Deposits | |||||
| HSBC | HKD | 3.00% | 2.90% | ||
| Bank of China | HKD | 2.80% | 2.70% | ||
| Standard Chartered Bank | HKD | 3.00% | 3.10% | 2.80% | |
| Hang Seng | HKD | 3.10% | 3.10% | ||
| ICBC Asia | HKD | 2.80% | 3.30% | 3.05% | 2.80% |
| Bank of East Asia | HKD | 3.10% | 3.05% | 2.70% | |
| Nanyang Commercial Bank | HKD | 2.60% | 3.10% | 2.90% | 2.40% |
| DBS Bank | HKD | 2.50% | 3.20% | 3.25% | 2.70% |
| Bank of Communications | HKD | 2.85% | 3.10% | 3.20% | 2.80% |
| China Construction Bank Asia | HKD | 2.55% | 2.85% | 2.50% | 2.30% |
Source of top 10 licensed banks (in terms of total assets) as of 2023: KPMG
Some high-interest promotional offers typically require specific banking accounts, and some are only available to new customers. Additionally, some minimum deposit requirements exceed HK$1,000,000, deterring smaller investors. Conversely, promotions with very low initial deposit requirements often set low deposit caps (e.g., HK$100,000), effectively resulting in smaller interest earnings.
From a risk perspective, although Syfe is not a bank, as a financial institution with significant scale, Syfe is able to negotiate competitive time deposit rates with banks. This investment service is not covered by the Hong Kong Deposit Protection Scheme (DPS), but investors can invest with confidence as we only partner with financially sound banks. Through our partnerships, Cash+ Fixed HKD offers competitive yields without any conditions, has no investment amount limits, and charges no fees. [Click here to learn more about Cash+ Fixed HKD FAQs].
*Calculator note: If your Cash+ Fixed HKD matures on a business day, you will receive the fixed return at the prevailing yield. If not, your Cash+ Fixed HKD investment will end on the next business day, and you will receive proportional returns to the additional days.
Yields may change before investment begins. Cash+ Fixed HKD returns are fixed but subject to potential bank risks. All Cash+ Fixed HKD returns are only available upon maturity.
Disclaimer:
This article is for informational purposes only and should not be viewed as financial advice. It is not meant to market any specific investment, or offer or recommend the purchase or sale of any specific security. All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. Past returns are not a guarantee for future performance. Investors should consider his/her own circumstances. The information or advertisement contained herein does not constitute an offer, any solicitation, invitation or recommendation to engage in any investment activities. The content of this article has not been reviewed by the Securities and Futures Commission of Hong Kong.Cash+ Fixed HKD is an investment management service, and should not be taken as a collective investment scheme or a deposit or savings account. The optimised rates are not due to pooling of invested funds by Syfe, and Syfe is not offering Cash+ Fixed HKD as a fund, scheme, or portfolio with a pooling element. Until the investment starts, the return rate is subject to change. Cash+ Fixed HKD returns are fixed, subject to underlying bank risk. All Cash+ Fixed hkd returns are only available after maturity. [Learn more]
