Bank of China (Hong Kong)(02388) announced that its Hong Kong Dollar prime rate and savings deposit rate will remain unchanged at 5% p.a. and 0.01% p.a. respectively.
Under the tiered interest rate structure for Hong Kong Dollar savings accounts, the following rates will apply:
Daily Account Balance (HK$) Interest Rate (p.a.)
-------------------------------------------------
Below $3,000 0.00%
$3,000 to $9,999 0.01%
$10,000 to $149,999 0.01%
$150,000 or above 0.01%
The bank said clients with Daily Account Balance at HK$500,000 or above will enjoy an additional bonus rate of 0.01% p.a.
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