HSBC Maintains Prime Rate at 5% and Hong Kong Dollar Savings Deposit Rate Unchanged

HSBC has maintained its prime rate at 5% following the U. S. Federal Reserve's decision to hold interest rates steady. The bank announced that the best lending rate remains unchanged at 5%.

HSBC also kept its Hong Kong dollar savings deposit rate unchanged. Accounts with a balance of 5,000 Hong Kong dollars or more continue to earn an annual interest rate of 0.001%, while balances below 5,000 Hong Kong dollars receive zero interest. Furthermore, the additional annual rate for customers with total comprehensive wealth management assets of 1 million Hong Kong dollars or more remains at 0.001%.