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 15 Savings accounts for you!
Airwallex Global Account

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 - Airwallex AdPlus Borderless Card for your business in minutes after successful account opening, earning 3,000 Asia miles. An extra 2,000 Asia miles when you use your corporate card to pay for company expenses or spend for the first time within the first 30 days!

Start transacting in 140+ currencies. And not only can you earn up to 1.1% cash rebate on digital advertising payments (including Meta, Google Ads, Microsoft, and LinkedIn) in HKD or USD, but also 1% cash rebates on local spending! 
Valid until 31 Oct 2024 - See more details below
Apply Now
DBS Treasures

Base Interest Rate

0.001%

Base Interest Rate
Bank Promo
New Funds Offer
Up to 4.7% Total Savings Interest Rate*
Minimum Initial Deposit
HK$1,000,000
Base Interest Rate
0.001%
Bank Promo:
From now until 31 October 2024, customers who complete the account opening application online via the DBS digibank HK app or at the designated link, and successfully become new DBS Treasures customers, can enjoy up to HK$29,800 cash rewards and a Total Savings Interest Rate* of up to 4.7% p.a.!
Valid until 31 Oct 2024 - See more details below
Apply Now
Mox Bank Account

Minimum Initial Deposit

HK$0

Minimum Initial Deposit
Saving rate up to for new customer
4.5%
Deposit Welcome Reward
3%
Minimum Initial Deposit
HK$0
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Hang Seng Preferred Banking

Base Interest Rate

Up to 0.8750%

Base Interest Rate
Welcome Offer
Total reward of over $5,000
HKD savings rate
Up to 6%
Base Interest Rate
Up to 0.8750%
Read More
Citi Plus Account

Min. Initial Deposit

HK$0

Min. Initial Deposit
New Funds Rewards
Up to HK$2,000
Max. Rate
2.67% p.a.
Min. Initial Deposit
HK$0
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Citigold Account

Highest Cash Rebate

HK$41,800

Highest Cash Rebate
HKD Time Deposit Rate
up to 4.2%
Foreign Currency Time Deposit Interest Rate
up to 6%
Highest Cash Rebate
HK$41,800
Read More
HSBC One

N/A

Minimum Initial Deposit
HK$0
Free cancer coverage
HK$100,000
N/A
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WeLab Bank Core Account

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
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HSBC Premier

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 Easy Banking

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 Premium Banking

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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Standard Chartered Priority Banking

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
i-Free Banking

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
Wealth Management

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
Enrich Banking

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

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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.