The key differences between a Time Deposit and a Savings Account lie in the flexibility and interest rates.

A Time Deposit comes with a fixed deposit term and typically offers higher interest rates compared to a savings account. However, funds cannot be withdrawn before the maturity date, making it a better option for long-term savings.

A Savings Account, on the other hand, has no fixed deposit term. This allows you to access your funds anytime with greater flexibility. While it provides easy access for daily expenses, the interest rate is generally lower than that of a Time Deposit.

Regardless of your financial situation, whether you’re aiming to save, invest, or earn rewards, a Time Deposit can be a great option.

Many banks, including Standard Chartered, offer Time Deposit products tailored to various saving habits. For example, Standard Chartered offers flexible deposit tenor ranging from 7 days to 12 months with a low entry threshold of just HKD10,000. You can choose between attractive Time Deposit interest rates or mile rewards as your Time Deposit returns. Simply select the Time Deposit plan that aligns with your financial goals.

Consider choosing our “Online Time Deposit” for the best of both worlds.

With interest rates of up to 3.7% p.a. and a low entry threshold of just HKD10,000, our Online Time Deposit offers flexible tenors ranging from 1 to 12 months. The entire process can be completed online, providing you with high flexibility and exclusive interest rates tailored to your personal savings goals.

Make your travel dreams a reality

Opt for the “Asia Miles Time Depositopens in a new tab” to earn more than just interest.

Unlike typical Time Deposits offering special interest rates, the Asia Miles Time Deposit rewards you with miles. For every HKD100,000 in new funds, you can earn up to 28,000 miles. As a Standard Chartered Cathay Mastercard® holder, you can enjoy an exclusive bonus of up to 28,000 additional miles! This is perfect for those looking to build their travel fund and earn miles to redeem for flight tickets.

Choose “Foreign Currency Time Deposit” to maximise your returns.

With 7 different currencies to choose from , our Foreign Currency Time Deposit offers higher interest rates compared to typical bank deposit rates reaching up to 13.8% p.a. Plus, the deposit terms are as short as 7 or 14 days. This makes it ideal for short-term investment opportunities.

Compare foreign currency deposit rates now and discover our high-yield offers for 7 or 14-day Time Deposits.

Consider the “SME Time Deposit” to make the most of your business’s idle funds.

Designed specifically for SMEs needing to accumulate significant capital for operations and cash flow, the SME Time Deposit offers a competitive interest rate of up to 3.6% p.a. With deposit tenor as short as 1 month, this option allows businesses to maintain liquidity while earning interest on their surplus funds.