Fixed-Rate Savings | Endowus HK

Endowus fixed-rate savings

partnered with

Endowus
fixed-rate savings

partnered with

Earn up to 4.02% p.a.* on your idle cash.

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*Indicative net interest rate as of 21 Feb 2025. Applications are processed every Wed, 1pm, with final rates confirmed by the partner bank. Fixed-Rate Savings is not an investment product, collective investment scheme, or fixed deposit product. It is not protected by the Deposit Protection Scheme.

Endowus is licensed by the Securities and Future Commission of Hong Kong (SFC)

Trusted by 250,000+ clients in Hong Kong and Singapore

Trusted with over US$7 billion in client assets and growing

Waiting to invest? You can still earn on your idle cash.

DEPOSIT AMOUNT OF

US$

500000

1 month

4.02

p.a.

US$

est. net earnings

3 months

4.02

p.a.

US$

est. net earnings

6 months

3.99

p.a.

US$

est. net earnings

*Fixed-Rate Savings (FRS) is not an investment product, collective investment scheme, or fixed deposit product. It is not protected by the Deposit Protection Scheme. As part of the launch promotion, the indicative net interest rate as of 21 Feb 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 30 Apr 2025. The rates offered are not due to pooling of invested funds by Endowus, and Endowus is not offering FRS as a fund, scheme, or portfolio with a pooling element.

FRS applications are processed every Wednesday after 1pm (“Placement Date”), subject to US and Hong Kong bank holidays. If the scheduled Wednesday (“Placement Date”) falls on a public holiday, your placement will be processed on the next business day. The net interest rate, based on the bank’s interest rate at the time of placement, will be communicated to you via email. You may set an instruction in your application to cancel the FRS placement if the net interest rate drops by more than 0.20% by the placement date. Once an FRS application is placed and confirmed, it cannot be terminated before the maturity date. The exact date of maturity will be communicated via email after the FRS is placed.

The returns calculator shows estimated net earnings on maturity based on the indicative net interest rate.

It's easy to get started with Fixed-Rate Savings.

Apply for Fixed-Rate Savings directly through the app. New to Endowus? Sign up today

Apply for Fixed-Rate Savings

Deposit US$10,000 or more into your Endowus account or benefit from our institutional USD/HKD conversion rates.

Learn how to deposit and convert money

At the end of your tenor, your principal plus net earnings will be credited to your Endowus cash balance.

Why clients choose Endowus

Earnings

Minimum sum

Tenor

Withdrawal

DPS coverage

Partner banks

Endowus Fixed-Rate Savings (FRS)*

3.99%-4.02% p.a.*

US$10K

In increments of US$10K

1, 3, 6 months

End of tenor

HSBC

0.375%-3.4% p.a.**

Varies by bank

Any time

Yes

3.7%-3.9% p.a.**

Varies by bank

1, 3, 6 months

End of tenor

Yes

*Fixed-Rate Savings (FRS) is not an investment product, collective investment scheme, or fixed deposit product. It is not protected by the Deposit Protection Scheme (DPS). As part of the launch promotion, the indicative net interest rate as of 21 Feb 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 30 Apr 2025.

**Benchmarks for popular bank savings accounts and time deposit accounts (1-, 3-, and 6-month tenors) in USD are based on the top three interest rates offered from the five largest Hong Kong banks by total assets. For savings accounts, banks include HSBC, Standard Chartered, Hang Seng Bank. For time deposits, banks include HSBC, Standard Chartered, and ICBC Asia. Figures are as of 10 Feb 2025.

Make your idle cash
work harder for you.

Join over 250,000+ clients who choose Endowus as their trusted platform to grow their wealth.

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FAQs

What is Fixed-Rate Savings (FRS)?

Fixed-Rate Savings (FRS) is a service provided by Endowus in partnership with bank(s) licensed with the Hong Kong Monetary Authority to access typically higher yielding corporate time deposit rates. This enables clients to earn fixed returns on their cash balance, while they consider their investment options with Endowus.

Clients can place amounts from US$10,000 at 1, 3, or 6-month tenors.

What are the minimum and maximum amounts for placement, and what currencies are supported?

The minimum amount for FRS starts at US$10,000, with increments of US$10,000 (e.g. US$20K, US$30K, and beyond). The maximum amount for a single account is US$25M per day.

Currently, FRS is available only in USD. You can transfer USD directly to your Endowus account, or seamlessly convert HKD into USD on the platform. Learn more about currency conversions on Endowus here.

What is the cut-off date to apply for FRS?

The weekly cut-off time for FRS applications is 1pm on Wednesdays, where Wednesday is the “placement date”. This means our FRS submissions are placed weekly with the bank on Wednesdays at 1 pm. If Wednesday is a public holiday for the placement currency, the FRS will be placed on the next business day. Note that we only support weekly submissions at launch.

Can I withdraw or top-up before the tenor ends?

You cannot terminate early or top-up a FRS order once it has been confirmed.

View more FAQs

It's easy to get started with Fixed-Rate Savings.

Why clients choose Endowus

Make your idle cash work harder for you.

FAQs

Make your idle cash
work harder for you.