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PAObank extends 16% rate promo on HKD time deposits to July 31
The first HK$50,000 time deposit will enjoy the promo rate.
PAObank has extended its 16% annualized rate promo for one-month fixed deposits.
Until 31 July 2025, new customers of the bank can use the PAOBPR referral code to open a savings account and a one-month HKD time deposit, according to the Hong Kong-based digital bank.
The first HK$50,000 deposit will enjoy the 16% APR.
For deposit amounts of HK$50,000 to HK$200,000, the customers will enjoy an additional 0.5% interest rate on time deposits, it added.
Hong Kong residents and mainland China residents can use their identity cards as a valid document to open a bank account with PAObank.
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