BEA lowers HK dollar savings rate, prime rate

The new rates come into effect on 20 September 2024.

The Bank of East Asia (BEA) has lowered its standard savings rates for HK dollar savings accounts to 0.625% per annum (pa) for deposit balances above HK$5,000 beginning Friday, 20 September.

The previous savings rate was 0.8725% pa, according to a press release.

Its HK dollar prime rate will also be lowered to 5.875% pa, compared to 6.125% currently.