Financial Tools
Fixed Deposit Calculator
Calculate time deposit returns and compare rates across Hong Kong banks.
Maturity Amount
—
Interest Earned—
Effective Annual Rate—
Fixed Deposit Tips
Compare Rates
Rates vary significantly across banks and tenors. Compare at least 3–5 banks. Virtual banks (ZA, livi, Mox) often offer higher rates.
Tenor Selection
Short-term (1–3 months): lower rates, higher liquidity. Long-term (12+ months): higher rates, locked funds. Consider a deposit ladder: spread funds across different tenors.
Compound Effect
Renewing principal + interest together creates a compounding effect. E.g. 4% p.a. renewed every 3 months ≈ 4.06% effective annual return.
Deposit Protection
Hong Kong Deposit Protection Scheme covers up to HK$500,000 per person per bank — even if the bank fails. Never put more than HK$500K in one bank.