In the current interest rate cut trend, high annualized returns of up to 20% can still be achieved in Hong Kong deposits, offering a "benefit" of high interest rates.
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Many banks in Hong Kong continue to offer high deposit interest rates, despite the ongoing pressure on net interest margins for mainland banks. The first digital bank in Hong Kong, Zhongan Bank, offers deposit rates as high as 20%, attracting many deposit customers. This move also reflects the current situation of high deposit interest rates in many banks in Hong Kong.
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