, Hong Kong
239 views
Photo by Windmemories via Wikimedia Commons. Apart from cropping of photo, no other edits were made. License: https://creativecommons.org/licenses/by-sa/4.0/deed.en

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.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!