WeLab Bank adds foreign currency fixed deposit options with a maximum rate of 3.3%
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WeLab Bank announced an upgrade to its foreign currency time deposit services, adding deposit options for Canadian dollars, euros, New Zealand dollars, Singapore dollars, Japanese yen, and Swiss francs, and establishing the lowest foreign currency exchange rates in the city to ensure that customers can exchange Hong Kong dollars for foreign currencies without any exchange rate markup. The time deposit interest rates for major currencies are as follows: Hong Kong dollars 1 month 0.5 cents, 3 months 2.6 to 2.7 cents, US dollars 1 month 3 cents, 3 months 3.3 cents, etc
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