PAObank offers 1% savings boost via Money Safe

Customers can activate the safety feature that protects their deposits until 31 March 2026.

PAO Bank Limited (PAObank)’s Money Safe fund protection feature can give the bank’s customers 1% p.a HKD savings interest rate until 31 March 2026.

From now until the said date, PAObank individual customers may benefit from the rate when they activate the Money Safe feature via the PAObank mobile app that locks part or all of their banking deposits, the bank said in a release.

Customers who set up protected funds in designated HKD savings accounts through the feature and inject at least $10,000 will enjoy an extra 1% p.a. HKD savings interest rate, it added.

Each user can receive up to $100 in extra interest per month.

The bank said that for them to access locked funds, customers are required to visit a PAObank office in person for identity verification. The funds will then be released within three working days.

This is part of PAObank’s push for a wider adoption of money safe and other anti-fraud measures.