The concept of business, technology, the internet and the network. A young entrepreneur working on a virtual screen of the future and sees the inscription: Digital banking. Photo: Shutterstock

Hong Kong’s first digital bank offers 6 per cent rate to outdo HSBC in warning shot to new competition

  • ZA Bank, the city’s first digital-only bank, is said to be offering the 6 per cent rate for three-month deposits capped at HK$200,000 for select clients
  • Standard Chartered, HSBC and BOC Hong Kong pay 1.9 per cent to 2.3 per cent for the same deposit maturity
Topic |   Hong Kong Monetary Authority (HKMA)

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The concept of business, technology, the internet and the network. A young entrepreneur working on a virtual screen of the future and sees the inscription: Digital banking. Photo: Shutterstock
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