If you have ties to mainland China, Renminbi Time Deposit offers you a safe option for your renminbi while giving you a higher rate of interest than a savings account.
Enjoy a bonus deposit rate of +1% p.a. on top of prevailing preferential rates when you exchange currencies and place them in a 1-week time deposit using the HSBC HK App. T&Cs apply. Currency conversion involves risk.
Terms and Conditions apply. The above interest rates are indicative as of 25 Sep 2024 and are for reference only. They are not guaranteed and maybe subject to revision, as per prevailing market conditions. Currency conversion involves risk.
To find out the latest HSBC deposits rate on HKD, USD, RMB and other currencies for HSBC saving accounts and time deposit, please click here.
Log on to HSBC HK App or HSBC Online Banking to make a placement.
Scan the QR code to open the app
Open or upgrade to an HSBC Premier or HSBC One account in the HSBC HK App. You can then place a time deposit on the next business day after you've successfully opened an account. You can do it via HSBC Online Banking or the HSBC HK App. Eligibility criteria apply.
If you have any further questions or need more support, please contact us.
Transfer funds to any account in Hong Kong and around the world easily, securely and quickly.
A simple and flexible account that lets you manage your renminbi freely, while earning interest on your daily balance with instant access.
Straightforward day-to-day banking in renminbi.
Lock your money away and earn interest at an attractive rate.
Notes:
1 Renminbi time deposit account must be opened with a Renminbi savings account under the same name and account number. All Renminbi time deposit or withdrawal transactions must be made through the corresponding Renminbi savings account.
Risk Disclosure
Currency conversion risk - the value of your RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your RMB deposit to other currencies at an exchange rate that is less favorable than the exchange rate in which you made your original conversion to RMB, you may suffer loss in principal.
