Compare Bank Accounts in Hong Kong 2024

Search for the best bank accounts to align with your personal saving goals and earn fixed deposit interests. Read More
We found 14 Savings accounts for you!
Sponsored
Mox logo

Minimum Initial Deposit

HK$0

Minimum Initial Deposit
MoneySmart Exclusive
Min. Rate
1.5%
Saving Rate
4.5%
Minimum Initial Deposit
HK$0

Seize the Opportunity - Apply for Mox Account with "MSFLASH" to earn up to HKD2,528 Cash Rewards:
From now until 5 April 2024, simply open a Mox Account with the invitation code "MSFLASH" and apply for Mox Credit successfully, you can get HK$228 Cash Rewards right away. You can get an extra HK$800 Cash Rewardsby accumulating eligible transaction(s) of HKD800 within the first 30 days of your Mox Credit approval! Earn the total cash rewards up to HKD1,028!



【Mox Flash Saving Offer 】 From now till 7 April 2024, open a Mox Account and deposit HKD50,000 or more within the first 7 days, maintain it with us for 60 days and you will be rewarded a flash cash reward of HKD1,000. Combining with the 1.5% base rate, 1.5% Welcome Bonus and Flash cash reward, your interest can amount up to a guaranteed 15% p.a.!



MoneySmart Exclusive Offer: Open a Mox Account with the invitation code "MSFLASH" and successfully apply for Mox Credit, you can earn the MoneySmart exclusive offer of extra $500 Apple Gift Card/ $500 ParknShop Voucher/ $500 Klook Voucher. Together with the bank offer from Mox, you can get up to HKD2,528 offer in total. 

Valid until 05 Apr 2024 - See more details below
Apply Now
 image
 image
Dah Sing Bank logo

YOU Banking Reward

Up To HK$15,300 Cash Reward

YOU Banking Reward
MoneySmart Exclusive
Step-Up Interest
Up to 0.125%
Transaction Reward
Up to 500 YOU Points
YOU Banking Reward
Up To HK$15,300 Cash Reward

【Limited Time Offer】Successfully open YOU i-Account with MoneySmart Promotion Code “MSEY2401” through “e-Express Bank Account Application”, can get HK$250 Coupon (HK$200 to be fulfilled by MoneySmart and HK$50 to be fulfilled by Dah Sing Bank)! Enjoy YOU Banking Rewards of up to HK$15,300 Cash Rewards and 500 YOU Points now upon successful account opening!

Valid until 31 Mar 2024 - See more details below
Apply Now
Airwallex 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
Pay anytime, anywhere! - Create corporate cards for your business in minutes and start transacting in 140+ currencies. Earn 1% cash rebates on local spending and enjoy $0 international transaction fees on overseas spending! Extra 1,000 K Dollar awaits when you use your corporate card to pay for company expenses or spend HK$10,000 within the first 30 days!
Valid until 31 Mar 2024 - See more details below
Apply Now
Citibank logo

Min. Initial Deposit

HK$0

Min. Initial Deposit
🌟 Favourable TD rate!
HKD Fixed Deposit Interest Rate
Up to 4.27%
Max. Rate
2.67% p.a.
Min. Initial Deposit
HK$0
Read More
Citibank logo

Highest Cash Rebate

HK$41,600

Highest Cash Rebate
HKD Time Deposit Rate
up to 5%
Foreign Currency Time Deposit Interest Rate
up to 6%
Highest Cash Rebate
HK$41,600
Read More
HSBC logo

N/A

Minimum Initial Deposit
HK$0
Free cancer coverage
HK$100,000
N/A
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
HSBC 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
Standard Chartered 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
Standard Chartered 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
Standard Chartered 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
Chiyu Banking Corporation 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
Chiyu Banking Corporation 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
Chiyu Banking Corporation 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

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.