Bank of East Asia raises standard savings rate to 0.75% pa

It will take effect on Monday, 8 May.

The Bank of East Asia is raising its standard savings rate for HK dollar savings accounts to 0.75% per annum for deposit balances above HK$5,000.

The standard savings rate is currently at 0.625% per annum.

BEA is also raising its HK dollar prime rate to 6% per annum, from 5.875% per annum previously.

The raise will take effect on 8 May 2023, Monday.

The bank recently reaffirmed its commitment to reach net zero emissions in its operations by 2030 and its financed activities by 2050, as stated in the bank's performance report on environmental, social, and governance (ESG) for 2022.