Savings Account
Enjoy a basic saving interest rate of 0.4% p.a. with NO fees and NO minimum account balance requirement 1
Transfer funds from your account INSTANTLY at your fingerprints
Enjoy 24/7 banking services WITHOUT visiting a bank
Go green with paperless statement
Eligible deposits under Deposit Protection Scheme (DPS) in Hong Kong- 1 Applicable to account balance at HK$500,000 or below. 0.01% p.a. interest rate will be applied for account balance over HK$500,000. (Effective from 21 January 2022).
Savings Deposit Rate
| Deposit Balance (HKD) | Annual Interest Rate |
|---|---|
| New Customer first $100,000* | 6.88%* |
| First $500,000 | 0.40% |
| Above $500,000 | 0.01% |
The annual interest rate is calculated on a daily basis over a 365-day year and will be determined by the Bank from time to time.
*Limited quota with terms and conditions apply. New customers who have successfully opened PAObank savings account by 30 June 2022 can enjoy 6.88% p.a. savings deposit rate for the first HK$100,000 until 31 July 2022.