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Endowus offers a variety of low-risk cash management solutions, providing investors with more options to earn returns on their idle funds.
As part of the launch promotion, the indicative net interest rate as of 15 Dec 2025 does not include the Endowus Fee of 0.10% p.a., which is waived for all FRS applications submitted and funded before the cut-off time of 1pm on 31 Dec 2025.
General bank savings and fixed deposit services
Overview of fixed and variable rate solutions available on Endowus
Endowus Fixed-Rate Savings: Unlock superior interest rates of up to 3.34% p.a.^
Endowus launched a new service Fixed-Rate Savings in February 2025, offering clients superior interest rates from leading banks in Hong Kong, applicable for tenors of 1 month, 2 months, 3 months, or 6 months.
Fixed-Rate Savings aims to provide customers with attractive fixed returns by partnering with trusted banks in Hong Kong, offering industry-leading corporate fixed deposit rates.
What is a money market fund?
A money market fund is a mutual fund that invests in high-quality, short-term debt instruments and cash equivalents. These investments typically include Treasury bills (T-bills), commercial paper, and certificates of deposit (CDs), which are known for their liquidity and low risk.
Money market funds are designed to offer investors a relatively low-risk place to invest easily accessible cash while earning a modest return.
Read more: How to choose between money market funds
Latest market commentary (December 2025)
The Federal Reserve delivered its third rate cut of 2025 at the December meeting, lowering the federal funds target range to 3.50%–3.75%. The decision was not unanimous, with three dissenting votes underscoring the committee’s divisions over the pace of easing.
What made this meeting unusual was the backdrop of incomplete data. The prolonged US government shutdown delayed key releases, leaving the Fed to act with less visibility than usual. September PCE data, only published in early December, showed core inflation at 2.8% year‑on‑year, consistent with gradual disinflation. But the absence of timely October and November prints meant policymakers were effectively steering without a full dashboard. This lack of clarity amplified internal debate and reinforced the cautious tone in the minutes. Policymakers balanced evidence of cooling inflation against signs of a softer labor market, while maintaining language that inflation remains “somewhat elevated.” This signals that while the Fed is willing to ease, it is not prepared to commit to a rapid sequence of cuts.
Following three cuts during 2025, the fed funds rate will enter 2026 at the level of 3.50%–3.75%. The first policy meeting by the Fed will be on 28 January 2026. As many as three quarters of traders think the institute will stay put for any rate decisions, while about 25% of them expect the Fed to deliver another 25‑basis‑point cut, according to data released by CME FedWatch as of 16 December.
This split in market expectations reflects both the progress made on disinflation and the lingering uncertainty caused by delayed government data releases, leaving investors cautious about how quickly the Fed will move in the new year. For cash investors, the December cut means incremental yield compression across operating cash vehicles.
Cash management solutions on the Endowus platform
Here are some money market, liquidity, and fixed income funds available on the Endowus platform for Hong Kong investors to consider:
For HKD:
- GaoTeng WeInvest HKD Money Market Fund
- HSBC Global Money Hong Kong Dollar
- JP Morgan Money Fund - HK$
- Ping An Hong Kong Dollar Money Market Fund
For USD:
- GaoTeng WeValue USD Money Market Fund
- Abrdn Liquidity Fund USD
- Ping An USD Money Market Fund
- Amundi Cash USD Fund
- HSBC Global Money US Dollar
What are fixed deposits, and what do the rates mean?
A fixed deposit is an interest-bearing bank account that has a pre-set maturity date, meaning it can only be withdrawn after the predetermined set duration. For instance, if the fixed deposit rate in Hong Kong is stipulated to be 3.40% for a period of 3 months, it means that the deposited cash in the account will earn an interest rate of 3.40% per annum, pro-rata to 3 months’ value.
The advantage of fixed deposits is that savings are protected by the Hong Kong Deposit Protection Board’s Deposit Protection Scheme. Each depositor is protected up to a maximum of HK$ 800,000 per bank (including both principal and interest).
However, it is important to note that fixed deposits come with a lock-in period. If there is a need for liquidity and you need to withdraw the principal before the maturity date, you will be required to pay a penalty or fee for early withdrawal according to the withdrawal policy and penalty rules.
CashUp portfolios and money market funds: smart and flexible ways to earn more on your cash
Don’t want to lock up your funds, but still want to earn higher returns on your idle cash? Consider the high-quality money market funds available on the Endowus platform, managed by globally renowned fund companies such as HSBC Global Asset Management, JP Morgan Asset Management, and Aberdeen Investments. As of 30 November 2025, these funds have achieved returns of nearly 5% in the past year.
You can also consider directly selecting the Endowus CashUp portfolios curated by our investment research team. With just one click, you can easily purchase a portfolio of money market funds, making cash investment management simpler and more convenient.
Endowus offers cash management solutions with an annual fee of only 0.10%. Our products are highly competitive compared to similar low-risk investment products on the market. We aim to change the current situation where sales commissions erode client returns.
Make your cash work harder and smarter for you. If you have money set aside for an upcoming expense, you may consider investing to earn higher returns instead of letting it sit idle in your current or savings account.
To get started with Endowus, click here.
Read more:
- How to choose between money market funds
- Endowus Fund Smart — Most Popular and Best Performing Funds of 2024
- Webinar: Supercharge your cash in a 5% interest rate environment
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Disclaimer for Fixed-Rate Savings (FRS)
Fixed-Rate Savings is not an investment product, collective investment scheme, or fixed deposit product. It is not protected by the Deposit Protection Scheme. The rates offered are not due to the pooling of invested funds by Endowus, and Endowus is not offering FRS as a fund, scheme, or portfolio with a pooling element.
Risk Warnings
Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns is not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested.
Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
General risk warnings relating to collective investment schemes
Before making an investment decision, you are reminded to refer to the relevant prospectus/ offering document for specific risk considerations and related fees and charges.
Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested.
Some of the funds also involve derivatives. Do not invest in them unless you fully understand and are willing to assume the risks associated with them.
Opinions
Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.
No invitation or solicitation
Nothing contained [in this article] should be construed as a solicitation, an offer to buy or sale, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction in any jurisdiction in which such solicitation, offer to buy or sale would be unlawful under the securities laws in such jurisdiction. No information included [on this website/ in this article] is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. Investors should seek independent financial and tax advice before making any investment decision.
Product Risk Rating: Please note that any product risk rating (the “PRR”) provided by us is an internal rating assigned based on our product risk assessment model, and is for your reference only. The PRR is subject to change from time to time. The PRR does not take into account your individual circumstances, objectives or needs and should not be regarded as advice or recommendation to purchase, hold or sell any fund or make any other investment decisions. Accordingly, you should not solely rely on the PRR in making your investment decision in the relevant Fund.
This advertisement has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.
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