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Renminbi Time Deposit1

Convenient renminbi services make it easy to maintain ties to China while earning higher interest for depositing your savings for a fixed term.

If you have ties to China, Renminbi Time Deposit offers you a safe option for your renminbi while giving you a higher rate of interest than a savings account.

  • Start saving with just RMB10,000
  • Access and manage your time deposit at branches, via phone or online
  • Range of tenors: 1-week, 2-week, 1-month, 2-month, 3-month, 6-month, 9-month and 12-month

How to apply

Already have a time deposit account OR HSBC Premier or HSBC One customers


If you are not holding an HSBC Premier or HSBC One account and you do not have an active time deposit account with us

  • On the HSBC HK App, under ‘Explore products and services’, you will find the option ‘Account opening/ upgrade’, which allows you to submit an application to open or upgrade to an HSBC Premier or HSBC One account with us (subject to individual customer eligibility).
  • You can then place a time deposit through our digital banking at the next business day upon successfully opening an account.

If you are new to HSBC

  • Download the HSBC HK App to open an HSBC account with us

For further enquiries, please contact us.

Time deposit offers

Get up to 12% p.a. time deposit rate

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.

RMB Preferential New Fund Time Deposit rates: Enjoy up to 1.8% p.a.

Terms and Conditions apply. The above interest rates are indicative as of 5 Mar 2024 and are for reference only. They are not guaranteed and maybe subject to revision, as per prevailing market conditions. Currency conversion involves risk.

Interest rates

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.

Manage your deposits

Transfers and payments

Transfer funds to any account in Hong Kong and around the world easily, securely and quickly.

Ways to bank with HSBC

Manage your money online, via ATM, phone or at an HSBC branch

Related products


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.


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.