BOCHK raises prime lending rate to 5.75%

The HKD savings deposit rate was also adjusted.

Bank of China (Hong Kong) has announced that its Hong Kong dollar prime rate was changed to 5.750% from 5.625% per annum (p.a.) previously.

Similarly, its savings deposit rate was modified to 0.750% p.a., previously 0.625% p.a..

In lieu of that, those with a daily account balance of HK$5,000 (US$637) and up will have an interest of 0.75% p.a., while those with less than HK$5,000 will have 0%.

In addition, savings with a daily account balance of HK$1.0m (US$130,000) and up will benefit an additional 0.001% p.a..

(HK$1 = US$0.13)