Dah Sing raises 3-month HKD deposit rate to 3.4%
AM730 · 2 SOURCES1 day ago2 MIN
Summary
Dah Sing Bank has rolled out another limited-time online Hong Kong dollar fixed-deposit promotion under its YOU Banking service for new customers. New customers who open a YOU Banking account can earn 3.2% per annum on a three-month Hong Kong dollar time deposit, and the rate can rise to 3.4% if they meet specified requirements. The promotion runs until November 16, 2026, with eligible deposit amounts ranging from HK$100,000 to HK$800,000. The bank also said qualifying new YOU Banking customers can receive savings, investment and securities welcome offers worth up to HK$30,300 through December 31, 2026.
Key Points
- The basic annual rate for the three-month Hong Kong dollar time deposit is 3.2% for new customers opening a YOU Banking account online.
- Customers can receive an extra 0.2 percentage point, bringing the annual rate to 3.4%, by completing three designated tasks in time.
- The three tasks are registering Dah Sing 360 payroll service, applying for a multi-currency Mastercard debit card, and completing one foreign-exchange transaction.
- The offer requires a minimum deposit of HK$100,000, has a maximum eligible amount of HK$800,000, and is limited to one use per person.
- Dah Sing said the deposit offer is quota-limited and first come, first served, while the account itself has no minimum balance requirement.
Why It Matters
For Hong Kong savers comparing short-tenor deposit options, the offer shows banks are still using promotional rates and bundled tasks to attract fresh funds and new primary banking relationships. The structure also means the headline 3.4% rate is conditional, so customers need to weigh the extra steps against the base 3.2% return and the HK$100,000 entry threshold.