Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%

The savings deposit rate will also be adjusted to 0.875% for accounts with a $5,000 balance and above.

Bank of China (Hong Kong) has adjusted its Hong Kong dollar prime rate to 5.875% per anime effective 31 July.

The prime rate was previously 5.75% per annum.

Its HKD savings deposit rate will also be adjusted to 0.875% pa from 0.75% pa. This will apply to savings accounts with an account balance of $5,000 or above. For those below $5,000, an interest rate of 0% pa will apply.

Savings accounts with a daily account balance of HK$1m or above will enjoy an additional bonus rate of 0.001% pa.