standard chartered bank hk term deposit rates

🔎 Insight: Inactivity can cause account freezing or account closure, so it's best to keep funds active, even without a minimum balance requirement. Therefore, it’s a good idea to check the minimum balance and make sure you can comfortably meet it ongoing.Ĭonsider how often and how much you expect to withdraw funds, as it could impact the maintenance of the minimum balance required. If your balance falls below the requirement, you may lose interest or pay fees that reduce your savings. This minimum varies by bank and account type. Some savings accounts require maintaining a minimum balance to use the account, earn interest, or avoid fees. However, another minimum requirement plays a more significant role-the minimum balance requirement. This amount is not too high for most banks or may not even exist.

You may have heard of the minimum initial deposit, the smallest amount needed to open an account.

To maximize benefits, we recommend you consider these factors. While savings accounts offer a secure option for storing funds without significant risk, ones that don’t match your spending conditions may still hurt your savings. Key Factors to Consider When Choosing a Savings Account Let’s find the best savings account in Hong Kong and what to consider when choosing one. With so many options, we've done the research to help you decide. You can earn interest as your money sits and withdraw when needed (conditions may apply depending on bank policy). Need a safe spot to build an emergency fund or keep short-term savings in Hong Kong? A savings account is a great place to start.

Standard chartered bank hk term deposit rates