Endowus launches US dollar time deposit service in Hong Kong

Minimum service is US$10,000, and rates are updated daily.

Wealth management platform Endowus has launched the Endowus Fixed-Rate Savings in Hong Kong, offering a US dollar time deposit service with rates of up to 4.03% per annum (pa).

Minimum service starts at US$10,000, with tenor options of 1, 3, and 6 months. Rates are updated daily.

Endowus will waive the 0.1% all-in fee service until the end of April.

Endowus said that the service does not come with the additional conditions or restrictions typically required for Hong Kong investors to access competitive time deposit rates.