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 15 Savings accounts for you!
Citibank 花旗銀行 logo

Highest Cash Rebate

HK$48,800

Highest Cash Rebate
Preferential Time Deposit Rates
up to 4.88%
Minimum Initial Deposit
HK$1,500,000
Highest Cash Rebate
HK$48,800
Apply Now
Mox logo

Minimum Initial Deposit

HK$0

Minimum Initial Deposit
Bank Promo
Min. Rate
0.3%
Max. Rate
5%
Minimum Initial Deposit
HK$0
Bank Promo:
 From 1 December 2022 to 2 February 2023, open a Mox Account successfully with the Invitation Code "SHOP800"and spend at least HK$1,600 within 45 days with Mox Credit to earn HK$800 Cash Rewards!

From 1 December 2022 to 9 January 2023, open a Mox Account successfully with the Invitation Code “MOX1500” and spend at least HK$2,500 each month for two consecutive months with Mox Credit from the Mox Credit approval date, and you can receive HK$1,500 cash rewards!

 
From now till 31 Jan 2023, new customers can enjoy up to 5% p.a. on your deposits of up to HK$500,000 throughout your first 60 days once open a Mox Account. Also, from now till 12 Feb 2023, you could enjoy up to 15% Mall Dollars on selected popular products when you spend with Mox Card at HKTVmall. 
Valid until 31 Jan 2023 - See more details below
Apply Now
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
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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 31 Jan 2023 - See more details below
Promotion ends in
Apply Now
Citibank 花旗銀行 logo

Min. Initial Deposit

HK$0

Min. Initial Deposit
Min. Rate
0.3% p.a.
Max. Rate
5.1% p.a.
Min. Initial Deposit
HK$0
Apply Now
WeLab 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
Apply Now
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
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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
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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

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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.