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 14 Savings accounts for you!
Citibank 花旗銀行 logo

Min. Initial Deposit

HK$1,500,000

Min. Initial Deposit
Min. Rate
0.001% p.a.
Max. Rate
N/A
Min. Initial Deposit
HK$1,500,000
Apply Now
Citibank 花旗銀行 logo

Min. Initial Deposit

HK$0

Min. Initial Deposit
Min. Rate
0.3% p.a.
Max. Rate
4.8% p.a.
Min. Initial Deposit
HK$0
Apply Now
WeLab logo

Minimum Initial Deposit

HK$0

Minimum Initial Deposit
MoneySmart Exclusive
Min. Rate
0.1% p.a.
Max. Rate
0.1% p.a.
Minimum Initial Deposit
HK$0

【MoneySmart Exclusive Offer】Up to HK$6,388 rewards upon successful application and drawdown of WeLab Bank designated personal loan via MoneySmart!
From now until 31 October 2022, customers enter referral code "NLSMRT" to successfully apply for loan and draw down the $500,000 loan could win you up to HK$6,388 rewards (Including $3,000 draw down cash rebate from WeLab Bank and HK$3,000 supermarket vouchers / PHILIPS ADD6910DG RO Water Dispenser from MoneySmart);



WeLab Bank客戶凡成功申請及獲批貸款金額HKD 80,000或以上,及還款期為24個月或以上,並於批核後7日內提取貸款可享高達HKD3,000 現金回贈

New Welab bank customers enter referral code "NLSMRT" to successfully open an account could get an extra $300 account opening spending rebate.
*Upon your submission of the gift redemption form, you acknowledge and agree the information entered in this form may be shared to business partners for validation and that business partners may share their results back to us for fulfilment purposes in accordance with our “Privacy Policy

Valid until 31 Oct 2022 - See more details below
Apply Now
大新銀行 logo

Savings Reward

Up To HKD900

Savings Reward
Bank Promo
Max.rate
N/A
Transaction Reward
Up To 600 YOU Points
Savings Reward
Up To HKD900
Bank Promo:
Limited Time Offer! Apply YOU Banking with MoneySmart Promotion Code “MSEY2210” to get extra HK$50 Coupon (to be fulfilled by Dah Sing Bank)! Enjoy YOU Banking Rewards of up to HK$19,650 Cash Rewards and 500 YOU Points!
Valid until 31 Oct 2022 - See more details below
Apply Now
ZA Bank logo

Minimum Initial Deposit

0

Minimum Initial Deposit
Promotion
Min. Rate
0.01% p.a.
Max. Rate
0.31% p.a.
Minimum Initial Deposit
0
Promotion:
Use MoneySmart invitation code【MONEYSMART】to open ZA Bank account can get HKD150 Cash Reward after spending any amount with ZA card within 14 days!
Valid until 31 Oct 2022 - See more details below
Apply Now
Mox logo

Minimum Initial Deposit

HK$0

Minimum Initial Deposit
Min. Rate
0.3%
Max. Rate
3.7%
Minimum Initial Deposit
HK$0
Apply Now
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
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
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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
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
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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 Account4.8% p.a.HK$0
WeLab Bank Core Account0.1% p.a.HK$0
ZA Bank Savings Account0.31% p.a.HK$0
Citigold AccountN/AHK$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.