Endowus launches Fixed-Rate Savings in Hong Kong, offering clients access to preferential time deposit rates with leading global banks

‍

• Endowus Hong Kong clients can now access highly competitive time deposit rates across tenors of 1, 3, 6 months, allowing them to earn more on their idle cash
• Endowus is partnering a leading global bank to launch the service and plans to add more new partners in the future
• Endowus’ Hong Kong saw more than 120% m-o-m growth in net new money in the first month of 2025

‍

HONG KONG, 19 FEBRUARY 2025 – Asia’s leading wealth management platform Endowus launched Endowus Fixed-Rate Savings, offering clients competitive USD time deposit rates up to 4.03% p.a.¹, with tenor options of 1, 3, and 6 months. Designed to provide market-competitive fixed returns, this new offering enables customers to maximize their savings with trusted global financial institutions.   

‍

Amidst global geopolitical and economic uncertainties, Endowus recognizes that some investors are seeking options with more stability, while rewarding at the same time to activate their idle cash, as they continue to evaluate other investment opportunities.

‍

The minimum of the service starts at US$10,000 without the additional conditions or restrictions typically required for Hong Kong investors to access competitive time deposit rates. Rates are updated daily and Endowus will be waiving the 0.10% all-in fee of this service until the end of April.

‍

Access to these competitive rates is achievable as Endowus leverages its extensive network with leading global financial institutions to secure favourable terms with established global banks. As Endowus expands its partnerships, clients will be able to identify the most suitable options for their idle cash and savings, all conveniently within the award-winning platform, without the hassle of shifting funds across different providers. 

‍

Steffanie Yuen, Managing Director, Head of Endowus Hong Kong said, “Our goal has always been to offer the most holistic options for clients — while Endowus advocates clients to take a long-term approach to investing, we understand some investors require more time to decide on an investment strategy that suits their investment goals and risk appetite. The new offering is a hassle-free solution for clients seeking more certainty for a fixed-rate return on their idle funds. We will continue listening to the needs of our clients to offer new and bespoke institutional-grade services and solutions.” 

‍

Strong growth of Endowus Hong Kong

Hong Kong is Endowus' first international market expansion outside of its home market in Singapore. 2024 was the first year of full-service launch for the firm, recording strong business growth of an eightfold increase in client assets year-on-year.

‍

Key to the Company’s success is its offerings to local investors, including unique access to curated investment strategies from over 80+ global fund managers, the industry’s first 100% rebate on trailer commissions, and an evidence-based institutional-grade advisory approach. 

‍

Despite increasing global uncertainties, Endowus Hong Kong recorded more than 120% growth in net new money (NNM) m-o-m in the first month of 2025. 

‍

Endowus is continuing its expansion in the Hong Kong market, making key recent hires, including newly created roles for Janet Hung as Head of Client Advisory, Hong Kong, and Jasmine Chan as Investment Advisory Director. 

‍

Gregory Van, Co-founder and CEO of Endowus said, “The Hong Kong market is projected to lead global cross-bored wealth management by 2028. Amid rapid industry innovation, wealth management players such as ourselves must deliver modern digital experiences to meet changing customer expectations. Our early success and strong growth confirm a strong product-market fit for institutional-grade conflict-free wealth advice, which Endowus is bringing to the city for the first time, leveraging a hybrid fully digital and fully human approach.”

‍

Note:

Endowus 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. 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.

Furthermore, Endowus HK Limited is not a bank, we do not take in customer deposits, clients’ idle cash balances are transferred directly into a segregated client monies account at our custodian bank partner, HSBC. When clients choose to opt for the FRS service, Endowus will place orders for time deposits with our banking partner(s) under segregated client monies account(s) on behalf of clients.

‍

DISCLAIMER

The information herein pertaining to Endowus HK Ltd (“Endowus”) and the Endowus investment platform is for general information only and does not constitute a recommendation, an offer to sell, or a solicitation to invest in any securities, options, or other derivatives in any jurisdiction and its content is not prescribed by securities laws. This information herein is not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject Endowus or the relevant asset manager to any registration or licensing requirement in such jurisdiction or country.

Investment involves risk. 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. Past performance is not an indicator nor a guarantee of future performance. 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. 

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 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, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation, investment eligibility or particular need of any user, reader, any specific person, group of persons. For example, it does not take into account your eligibility to invest in specific classes or types of products. 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, eligibility 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.