Compare Best Savings Accounts in Hong Kong

Search for the best saving accounts to align with your personal saving goals and earn interest on your balance. Read More
We found 16 Savings accounts for you!
Citibank 花旗銀行 logo

Min. Initial Deposit

HK$0

Min. Initial Deposit
MoneySmart Exclusive
Min. Rate
1.05% p.a.
Max. Rate
2.55% p.a.
Min. Initial Deposit
HK$0

【Limited Offer】From now until 16 June 2023, new customers who successfully open a Citi Plus banking account via MoneySmart, can earn a HK$500 Supermarket Voucher/ Apple Gift Card from MoneySmart. Deposit a new fund of HK$50,000, can also earn an extra HK$200 Cash Rebate from Citibank! Earn up to HK$700 rewards in total!

Valid until 16 Jun 2023 - See more details below
Apply Now
Airwallex 空中雲匯 logo

New Funds Offer

$0 fees and 0% margin in FX conversions

New Funds Offer
MoneySmart Exclusive
Save time opening accounts across the globe
Monthly Account Fee
0
Minimum Initial Deposit
N/A
New Funds Offer
$0 fees and 0% margin in FX conversions
Sign up for your first $100,000 of foreign exchange free!
Valid until 30 Jun 2023 - See more details below
Apply Now
Mox logo

Minimum Initial Deposit

HK$0

Minimum Initial Deposit
Bank Promo
Min. Rate
0.3%
Saving Rate
6.2%
Minimum Initial Deposit
HK$0
Bank Promo:
From now until 21 June 2023, new customers simply open a Mox Account with the invitation code “MOXJL”:
Get a lucky draw chance for 

1. ‘FWD Insurance 10th AnniversaryxHKT Present: JER LAU “ACROSS THE UNIVERSE” IN MY SIGHT SOLO CONCERT 2023’ tickets x2 (valued at HK$1,080 each) 

OR

2. 5,000 Clubpoints

Quota is limited, first come first serve!


From now until 21 June, place a time deposit of at least HK$50,000 with a tenor of 6 months, and maintain such deposit before the maturity date, you’ll be rewarded with an extra lucky draw entry plus a 3.3% p.a. savings rate on your Time Deposit!

Mox will announce the winners of the Lucky Draw on our website and social media pages on or before 23 June 2023. 

From now until 30 June, new customers who successfully join Mox and register Mox as your default receiving bank for your FPS transfers can enjoy a Welcome Bonus of 3.2% p.a. savings rate and basic 0.3% p.a. saving rate on your savings deposits of up to HK$250,000 for the first 60 days, total 3.5% p.a. saving rate!

From now until 30 June Complete Mox Bonus in June, earn extra 2.7% p.a. saving rate, enjoy up to 6.2% p.a. saving rate in total!

From now until 31 July, enjoy up to 5% Cashback when spending in designated stores!
Valid until 30 Jun 2023 - See more details below
Apply Now
Citibank 花旗銀行 logo

Highest Cash Rebate

HK$48,800

Highest Cash Rebate
Preferential Time Deposit Rates
up to 3.5%
Minimum Initial Deposit
HK$1,500,000
Highest Cash Rebate
HK$48,800
Apply Now
HSBC 滙豐銀行 logo

Payroll Acount Offer

Up to HK$1,200

Payroll Acount Offer
Minimum Initial Deposit
HK$1,000,000
New Funds Offer
Up to HK$17,500
Payroll Acount Offer
Up to HK$1,200
Read More
WeLab Bank logo

Minimum Initial Deposit

HK$0

Minimum Initial Deposit
Min. Rate
0.8% p.a.
Max. Rate
4.7% p.a.
Minimum Initial Deposit
HK$0
Read More
SCB 渣打銀行 logo

Min. Initial Deposit

HK$10,000

Min. Initial Deposit
Min. Rate
0.001% p.a.
Max. Rate
1% p.a.
Min. Initial Deposit
HK$10,000
Read More
ZA Bank logo

Minimum Initial Deposit

0

Minimum Initial Deposit
Min. Rate
0.01% p.a.
Max. Rate
0.31% p.a.
Minimum Initial Deposit
0
Read More
SCB 渣打銀行 logo

Min. Inital Deposit

HK$200,000

Min. Inital Deposit
Min. Rate
0.001% p.a.
Max. Rate
1% p.a.
Min. Inital Deposit
HK$200,000
Read More
SCB 渣打銀行 logo

Min. Inital Deposit

HK$1,000,000

Min. Inital Deposit
Min. Rate
0.001% p.a.
Max. Rate
1% p.a.
Min. Inital Deposit
HK$1,000,000
Read More
大新銀行 logo

Savings Reward

Up To HKD900

Savings Reward
Max.rate
N/A
Transaction Reward
Up To 500 YOU Points
Savings Reward
Up To HKD900
Read More
livi logo

Min. Initial Deposit

HK$0

Min. Initial Deposit
Min. Rate
0.01% p.a.
Max. Rate
1% p.a.
Min. Initial Deposit
HK$0
Read More
集友銀行 logo

Min. Initial Deposit

HK$10,000

Min. Initial Deposit
Min. Rate
0.001% p.a.
Max. Rate
Details please refer to Chiyu Bank's update
Min. Initial Deposit
HK$10,000
Read More
集友銀行 logo

Min. Initial Deposit

HK$1,000,000

Min. Initial Deposit
Min. Rate
0.002% p.a.
Max. Rate
Details please refer to Chiyu Bank's update
Min. Initial Deposit
HK$1,000,000
Read More
集友銀行 logo

Min. Initial Deposit

HK$200,000

Min. Initial Deposit
Min. Rate
0.001% p.a.
Max. Rate
Details please refer to Chiyu Bank's update
Min. Initial Deposit
HK$200,000
Read More
富邦銀行 logo

Min. Initial Deposit

HK$0

Min. Initial Deposit
Min. Rate
0.05% p.a.
Preferential interest rate for time deposit#
0.28% p.a.
Min. Initial Deposit
HK$0
Read More

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best High Interest Savings Account in HK

High Interest Savings AccountHighest Interest Rate Minimum Initial Deposit
Citi Plus Account2.4% p.a.HK$0
WeLab Bank Core Account0.1% p.a.HK$0
ZA Bank Savings Account0.31% p.a.HK$0
Citigold Account3.5% p.a.HK$1,500,000

Types of Bank Account

Banks in Hong Kong offer a number of bank accounts such as savings account, current account, time deposits accounts for your varying banking needs.

Savings Account

Savings account provides interest - and lets you withdraw your funds at any time with no penalty.

Current Account

Current account does not provide account holders with interest, but lets you make payment with cheques.

Fixed / Time Deposit Account

A fixed or time deposit account gives you a higher rate of interest on the funds you agree to keep at the account for a fixed period of time.

Account opening - Documents & Requirements

If you're a non-resident, you are required to provide a passport and proof of address in your home country. You may also be required to provide additional documents, such as letters of employment.

How to open a bank account online?

Even if you are not a permanent resident in Hong Kong, you can still open a bank account in Hong Kong. If you are an EU, US or Australian passport holder, the entire process should not be complicated. It can take up to 2 weeks to complete the entire account opening process. However, you won’t be able to open a bank account remotely because you need to prove your identity as a result of increased amounts of money laundering and other illegal activities. You are required to make an appointment and attend a branch in person to open your account.

Learn more about savings account:

FAQ

Can foreigners open bank accounts in HK?

Yes. Foreigners can open bank accounts in HK.

What is the average interest rate of savings accounts in HK?

The average interest rate of savings accounts in HK is 0.001% only. However, you can apply for a high interest savings account such as Citibank Plus Savings Account to earn as high as 4.8% interest.