Smart Money: Personal finance sites

PUBLISHED : Monday, 15 October, 2012, 12:00am
UPDATED : Monday, 15 October, 2012, 1:02am

New and useful personal finance sites for Hong Kong

Many investors refuse to go beyond term bank deposits in this environment. This site updates almost all the international deposit rates. It covers deposits from time, term and certificates to savings accounts. Rates are sorted by region, country, currency and major bank deposit account providers. It gives risk rankings for countries' political, market and economic factors. The next time you visit the bank, make sure you've seen all possible comparison rates.

Hong Kong's newest online securities firm was formed by former eTrade executives. You can trade Hong Kong stocks for a fee of 0.08 per cent of trade, compared with a standard commission of 0.25 per cent. Users can select markets, tools, news and research. It includes forums for like-minded investors and traders to talk to each other. You can trade stocks in Hong Kong, New York, Nasdaq and other exchanges.

Expats who have just arrived will find this site helpful for setting up finances and finding bank deposits with the best yields. Expats may be intimidated by investing in their new home. The site describes the protections and pitfalls of each jurisdiction and advises you on how to get financial advice. The site includes forums and articles.