Hong Kong Virtual Bank Rates Comparison
Enter your deposit amount, choose a term and currency — compare current savings and time deposit rates across Hong Kong virtual banks in one sortable table. Includes ZA Bank, Mox, WeLab, Livi, and Ant Bank, with a traditional-bank benchmark for context.
Key Takeaways
- • Hong Kong virtual banks (ZA, Mox, WeLab, Livi, Ant) typically offer 1.5–2.7% p.a. for HKD deposits — materially higher than traditional bank standard rates of 0.1–1.0%.
- • Promotional rates apply only to new funds and eligible accounts — the rate you see at signup may differ from the ongoing rate. Always check the current offer before transferring.
- • Rates change without notice. The figures in this tool are indicative ranges based on publicly available data (June 2026). Always verify at the bank's official website.
- • Virtual bank accounts in Hong Kong are covered by the Deposit Protection Scheme (up to HK$500,000 per depositor per bank) — the same protection as traditional banks.
Virtual bank rate comparator
Your deposit details
Highest rate for your selection
ZA Bank
⚡ Promotional rate
2.50%
p.a.
+HK$1,232.88 interest
Rate comparison — click headers to sort
| Bank | Rate p.a.↓ | Interest earned | vs lowest |
|---|---|---|---|
BEST ZA Bank Virtual bank · promo | 2.50% | +HK$1,232.88 | +HK$936.99 |
Ant Bank (HK) Virtual bank · promo | 2.40% | +HK$1,183.56 | +HK$887.67 |
Mox Bank Virtual bank | 2.30% | +HK$1,134.25 | +HK$838.36 |
WeLab Bank Virtual bank | 2.20% | +HK$1,084.93 | +HK$789.04 |
Livi Bank Virtual bank | 2.00% | +HK$986.30 | +HK$690.41 |
HSBC (traditional) Traditional | 0.60% | +HK$295.89 | — |
Rates are indicative ranges. Data last reviewed: June 2026. Always verify at the bank's official website before depositing.
Compare other Hong Kong savings options:
Example deposit scenarios
Three common situations. Click any card to load it into the comparator above.
* All figures are illustrative. Click a card to load it into the comparator, then adjust for your actual deposit and the bank's current quoted rate.
HK virtual bank profiles
ZA Bank
PROMORates for ZA Savings+. Promotional rates apply to eligible new deposits.
1 month
2.20%
3 months
2.50%
1 year
2.70%
Mox Bank
Base savings rates. No minimum balance requirement.
1 month
2.00%
3 months
2.30%
1 year
2.55%
WeLab Bank
GoSave time deposit rates. Available for HKD and USD.
1 month
1.90%
3 months
2.20%
1 year
2.50%
Livi Bank
Time deposit rates. Linked to BOC and JD.com ecosystem.
1 month
1.70%
3 months
2.00%
1 year
2.30%
Ant Bank (HK)
PROMOFlexiDeposit rates. Ant Group-backed virtual bank.
1 month
2.10%
3 months
2.40%
1 year
2.65%
How we source these rates
1. Source: bank official websites and public announcements
Rate figures are collected from each bank's publicly accessible savings and time deposit pages, and from HKMA-registered product disclosures. We do not use scraped data or third-party aggregators as primary sources.
2. Presentation: indicative ranges, not point estimates
Virtual bank rates change frequently — sometimes weekly. Rather than pretending we have real-time data, we present ranges that reflect the rate environment observed across a recent review period (June 2026). The tool is designed for comparison and scenario planning, not as a live quote.
3. What this tool is not
This is not financial advice. The figures here are illustrative and may differ from the rate you are actually offered, which depends on your account type, deposit amount, tenure as a customer, and whether a promotional offer applies. Consult a licensed financial adviser for personalised guidance.
Deposit protection: are virtual bank deposits safe?
All eight Hong Kong virtual banks are licensed by the Hong Kong Monetary Authority (HKMA) and are full members of the Deposit Protection Scheme (DPS). Your deposits are protected up to HK$500,000 per depositor per bank — the same cap as traditional banks like HSBC or Hang Seng. The DPS is administered by the Hong Kong Deposit Protection Board, a statutory body. This cap applies to all deposit types combined (savings + time deposit) at the same bank.
Why do Hong Kong virtual banks offer higher rates?
Lower operating cost structure
Without a branch network, ATM fleet, or large physical staff, virtual banks in Hong Kong run at materially lower fixed costs than traditional banks. The saving is partly passed to depositors in the form of higher savings rates. This is the same dynamic that made online savings accounts competitive in the US (Marcus, Ally) and UK (Marcus UK, Monzo) — Hong Kong's virtual bank framework, launched in 2019, replicated that model.
Customer acquisition strategy — the promotional rate trap
Many of the highest headline rates offered by virtual banks are promotional — tied to new customer sign-ups, first deposits, or quarterly campaigns. After the promotional window closes (often 3 months), the ongoing rate can drop to the standard rate, which is still above traditional bank levels but lower than the teaser. This is a structural feature of the competitive landscape, not a deceptive practice — but it matters for how you plan deposits. The comparison tool above uses representative base rates so you can assess both the promotional and standard scenarios.
US rate cycle and HIBOR transmission
The HKD is pegged to the USD. When the US Federal Reserve raises rates, HIBOR follows, and the cost of HKD funding rises for all Hong Kong banks. Virtual banks with fewer low-cost retail deposits than traditional banks face higher marginal funding costs in a rising-rate environment — which creates upward pressure on the rates they need to offer. Conversely, when the Fed cuts, virtual bank savings rates tend to fall faster than traditional bank rates because they have less legacy deposit stickiness to absorb the transition.
Frequently asked questions
Are Hong Kong virtual bank accounts safe?▼
Who can open a Hong Kong virtual bank account?▼
How often do virtual bank rates change?▼
Should I split deposits across multiple virtual banks?▼
How do virtual bank HKD rates compare to Hong Kong T-bills and iBonds?▼
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Built by Jim Liu
Hong Kong investment analyst with experience covering HK virtual banking, savings products, and retail deposit markets. Jim tracks HKMA licensing news and rate changes across HK bank ecosystems.
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