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Compare Bank Accounts in Hong Kong 2025

Search for the best bank accounts to align with your personal saving goals and earn fixed deposit interests. Read More
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We found 15 Savings accounts for you!
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Mox Bank Account

Minimum Initial Deposit

HK$0

MoneySmart Exclusive

Mox Bank Account

Saving rate up to for new customer
2%
Unlimited CashBack at all supermarkets
3%
Minimum Initial Deposit
HK$0
⭐️ Unlimited Cashback♾New customers can use the promo code "MSNYR" to enjoy rewards of up to HKD3,398 and 6,250 miles by successfully opening an account with the promo code 'MSNYR' and spending a minimum of HKD 15,000. 
⠀⠀
⠀⠀【📣 New credit card spending experience — switch between CashBack and miles rewards with one click!】In addition to the “best-in-town” unlimited 2% CashBack^, the new features of the Mox credit card allow you to switch between CashBack and Asia Miles rewards, putting you in control of your spending rewards! Introducing the new Mox Credit's Miles Rewards Scheme '4100'—Enjoy spending at a rate as low as 'HKD4 = 1 mile' on all purchases; with 'no limit' on unlimited miles and flights and benefit from '0%' FX fees (compared to the bank charge of 1.95%) Apply now to enjoy additiona 12 Months of Deliveroo Plus Silver Membership and a Cash Voucher for Free (Valued at $726) Regardless of Approval! 
⠀⠀
⠀⠀Use the promo code "MSNYR" to open an account and earn the MoneySmart exclusive offer of BERMAS Spaceship Suitcase 2nd Version (30inch) (Value: HKD3,398) / JBL Smart Speaker Link 300 (Value: HKD1,999) / LG TONE Free T90S Earbuds (Value: HKD1,499) / HKD1,200 Apple Store GIft Card /ParkNShop vouchers/ HKTVmall vouchers!

🎁 New Year Luck Takes Off: 【Guaranteed Cash Laisee + A Chance to Win Flight Tickets! 】
From now until 28 Jan, customers who successfully applied for Mox credit card via MoneySmart, get approved and answer the required question to enjoy an additional HK$88 cash! The most creative answers can win the Round-trip Air Ticket from Hong Kong to Tokyo/ Bangkok for two person on Hong Kong Airlines and more gifts! Click here for promotion details.
Valid until 31 Jan 2025 - See more details below
Apply Now
Apply Now
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Airwallex Global Account

New Funds Offer

$0 fees and 0% margin in FX conversions

MoneySmart Exclusive
Save time opening accounts across the globe

Airwallex Global Account

Monthly Account Fee
0
Minimum Initial Deposit
N/A
New Funds Offer
$0 fees and 0% margin in FX conversions
Pay anytime, anywhere! Create corporate cards - Airwallex AdPlus Borderless Card for your business in minutes after successful account opening, earning 3,000 Asia miles. An extra 2,000 Asia miles when you use your corporate card to pay for company expenses or spend for the first time within the first 30 days!

Start transacting in 140+ currencies. And not only can you earn up to 1.1% cash rebate on digital advertising payments (including Meta, Google Ads, Microsoft, and LinkedIn) in HKD or USD, but also 1% cash rebates on local spending! 
Valid until 31 Jan 2025 - See more details below
Apply Now
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DBS Treasures

Base Interest Rate

0.001%

Bank Promo

DBS Treasures

New Funds Offer
Up to 4.4% Total Savings Interest Rate*
Minimum Initial Deposit
HK$1,000,000
Base Interest Rate
0.001%
Bank Promo:
From now until 31 January 2025, customers who complete the account opening application online via the DBS digibank HK app or at the designated link, and successfully become new DBS Treasures customers, can enjoy up to HK$29,800 cash rewards and a Total Savings Interest Rate* of up to 4.4% p.a.!
Valid until 31 Jan 2025 - See more details below
Apply Now
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Hang Seng Preferred Banking

Base Interest Rate

Up to 0.8750%

Hang Seng Preferred Banking

Welcome Offer
Total reward of over $5,000
HKD savings rate
Up to 6%
Base Interest Rate
Up to 0.8750%
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Citi Plus Account

Min. Initial Deposit

HK$0

Citi Plus Account

New Funds Rewards
Up to HK$2,000
Max. Rate
2.67% p.a.
Min. Initial Deposit
HK$0
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Citigold Account

Highest Cash Rebate

HK$41,800

Citigold Account

HKD Time Deposit Rate
up to 4.2%
Foreign Currency Time Deposit Interest Rate
up to 6%
Highest Cash Rebate
HK$41,800
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HSBC One

N/A

HSBC One

Minimum Initial Deposit
HK$0
Free cancer coverage
HK$100,000
N/A
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WeLab Bank Core Account

Minimum Initial Deposit

HK$0

WeLab Bank Core Account

Min. Rate
0.8% p.a.
Max. Rate
4.7% p.a.
Minimum Initial Deposit
HK$0
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HSBC Premier

Payroll Acount Offer

Up to HK$1,200

HSBC Premier

Minimum Initial Deposit
HK$1,000,000
New Funds Offer
Up to HK$17,500
Payroll Acount Offer
Up to HK$1,200
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Standard Chartered Easy Banking

Min. Initial Deposit

HK$10,000

Standard Chartered Easy Banking

Min. Rate
0.001% p.a.
Max. Rate
1% p.a.
Min. Initial Deposit
HK$10,000
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Standard Chartered Premium Banking

Min. Inital Deposit

HK$200,000

Standard Chartered Premium Banking

Min. Rate
0.001% p.a.
Max. Rate
1% p.a.
Min. Inital Deposit
HK$200,000
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Standard Chartered Priority Banking

Min. Inital Deposit

HK$1,000,000

Standard Chartered Priority Banking

Min. Rate
0.001% p.a.
Max. Rate
1% p.a.
Min. Inital Deposit
HK$1,000,000
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i-Free Banking

Min. Initial Deposit

HK$10,000

i-Free Banking

Min. Rate
0.001% p.a.
Max. Rate
Details please refer to Chiyu Bank's update
Min. Initial Deposit
HK$10,000
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Wealth Management

Min. Initial Deposit

HK$1,000,000

Wealth Management

Min. Rate
0.002% p.a.
Max. Rate
Details please refer to Chiyu Bank's update
Min. Initial Deposit
HK$1,000,000
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Enrich Banking

Min. Initial Deposit

HK$200,000

Enrich Banking

Min. Rate
0.001% p.a.
Max. Rate
Details please refer to Chiyu Bank's update
Min. Initial Deposit
HK$200,000
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More Details

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best High Interest Savings Account in HK

High Interest Savings AccountHighest Interest Rate Minimum Initial Deposit
Citi Plus Account2.4% p.a.HK$0
WeLab Bank Core Account0.1% p.a.HK$0
ZA Bank Savings Account0.31% p.a.HK$0
Citigold Account3.5% p.a.HK$1,500,000

Types of Bank Account

Banks in Hong Kong offer a number of bank accounts such as savings account, current account, time deposits accounts for your varying banking needs.

Savings Account

Savings account provides interest - and lets you withdraw your funds at any time with no penalty.

Current Account

Current account does not provide account holders with interest, but lets you make payment with cheques.

Fixed / Time Deposit Account

A fixed or time deposit account gives you a higher rate of interest on the funds you agree to keep at the account for a fixed period of time.

Account opening - Documents & Requirements

If you're a non-resident, you are required to provide a passport and proof of address in your home country. You may also be required to provide additional documents, such as letters of employment.

How to open a bank account online?

Even if you are not a permanent resident in Hong Kong, you can still open a bank account in Hong Kong. If you are an EU, US or Australian passport holder, the entire process should not be complicated. It can take up to 2 weeks to complete the entire account opening process. However, you won’t be able to open a bank account remotely because you need to prove your identity as a result of increased amounts of money laundering and other illegal activities. You are required to make an appointment and attend a branch in person to open your account.

Learn more about savings account:

FAQ

Can foreigners open bank accounts in HK?

Yes. Foreigners can open bank accounts in HK.

What is the average interest rate of savings accounts in HK?

The average interest rate of savings accounts in HK is 0.001% only. However, you can apply for a high interest savings account such as Citibank Plus Savings Account to earn as high as 4.8% interest.