MEVAS Bank benchmark HKD savings deposit rate down to 1.25%

MEVAS Bank, a subsidiary of Dah Sing Financial (0440), announced that with effect from today, the HK dollar best lending rate, HK dollar savings deposit rate and the interest rates for MEVAS Plus account of the bank are reduced by 0.5%. The prime rate of the bank will be cut to 5.5% and its benchmark HK dollar savings deposit rate will be trimmed to 1.25%. The interest rates of MEVAS Plus account, which combine savings and current accounts, range from 1% to 1.675%, the latter being given to the holders with the balance of $150,000 or above in their accounts. The bank is one of those offered higher savings deposit rate.

Related stock : (NIL)