[ET Net News Agency, 31 October 2019] Hang Seng Bank (00011) said it will reduce its
Hong Kong dollar prime lending rate by 12.5 basis points from 5.125% p.a. to 5% p.a.
The Bank's Hong Kong dollar savings deposit rate for an account balance of HK$5,000 or
above will also be reduced from 0.125% p.a. to 0.01% p.a. The revised savings rates will
be as below:
Account Balance (HK$) Interest Rate Per Annum
------------------------------------------------
150,000 and above 0.01%
10,000 - < 150,000 0.01%
5,000 - < 10,000 0.01%
Below 5,000 0%
The bonus interest rate for Hong Kong dollar savings account balances under integrated
accounts with a total relationship balance of HK$1 million or above will remain unchanged
at 0.01% p.a.
The above changes will take effect on 5 November 2019. (KL)
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31/10/2019 17:06
Hang Seng Bank (00011) reduces HKD prime rate & savings rate
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