Hang Seng Bank raises prime rate to 5.125%

HK dollar savings deposit rates with balances of HK$5,000 and above is now 0.125% pa.

Hang Seng Bank is raising its Hong Kong dollar prime rate to 5.125% per annum (pa), 12.5 basis points higher than before, effective 27 September 2022.

The bank’s Hong Kong dollar savings deposit rates for an account balance of HK$5,000 or above will also be increased from 0.001% pa to 0.125% pa. 

Meanwhile, the bonus interest rate for Hong Kong dollar savings account balances under integrated accounts with a total relationship balance of HK$1m and above will remain unchanged at 0.001% pa, the press announcement added.