DBS is promoting a 1 week fixed deposit with 10% interest rate of 500,000 yuan to earn 959 yuan quickly

Close to the end of the year, the capital situation in Hong Kong is tense. The one-month Hong Kong Interbank Offered Rate (HIBOR) linked to mortgages is approaching 4% The competition among banks for fixed deposits also become more concentrated. Yesterday, a rare high interest rate of 10% appeared!

DBS Bank announced that from now until the end of this year, if you complete designated qualifying investment transactions through any branch of the bank, you can enjoy a favorable 10% annual interest rate on Hong Kong dollar and US dollar time deposits . customers deposit 500,000 yuan, they can earn money immediately in a week Interest of about 958.9 yuan.

The bank said that upon completion of the promotion, it will automatically register to participate in the e$aver DBS deposit promotion, and can enjoy an additional interest rate of 5.5% per annum. The offer is only applicable to Treasures wealth management account, and the minimum deposit requirement for the relevant account is HKD 1,000,000. In respect of eligible investment transactions, including subscription to stock-linked products; subscribe or change money; subscribe or sell bonds, one transaction needs to reach 500,000 to 5 million yuan, or the equivalent foreign currency.

1 month interest rate rising for 8 consecutive days

Hong Kong’s 1-month interbank rate rose 0.08054% to 3.97024% yesterday, rising for 8 consecutive days, hitting a 14-year high; the overnight interim rate fell to 2.79583%; the 1-week discount rate was 3.7422%, down about 0.014% daily.

Although interbank interest rates have continued to rise, and major banks have successively raised the upper limit of the interest rate locks for interbank mortgages (H mortgages), the market has noted that, due to the contraction in property market transactions, that there are some small and medium sized banks. lowered the closing rates for H mortgages against the market in order to capture market share. The interest rate ceiling was reduced from 3.125% to 2.875%.

The original article was published on AM730 https://www.am730.com.hk/Finance/Finance/DBS push 1 week time deposit with 10% interest – 500,000 quick win 959 yuan/349404?utm_source=yahoorss&utm_medium=referral