What is the best Chinese bank to put your money in to collect interest?- eChinacities Answers

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trwhack

Posts: 99

Governor

Q: What is the best Chinese bank to put your money in to collect interest?

What is the best bank to keep your money in to gain interest? I am going to deposit most of my money in a bank to save. Does anyone know the interest rate? For example how much interest would i collect a month on 10,000 yuan

11 years 25 weeks ago in Money & Banking - China

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981977405

Posts: 1968

Emperor

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Look here please. There really isn't much difference.

http://china.deposits.org/

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11 years 25 weeks ago

Mellow_Fellow

Posts: 7

Governor

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Insured Korean banks that pay 9% interest rates per annum!

981977405:

the question was "what Chinese banks"... etc., etc.

11 years 25 weeks ago

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11 years 25 weeks ago

hiddenjelly

Posts: 443

Shifu

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Keep the money under your bed! Banks in China do not pay much interest and will usually charge you for handling your money in the way of a monthly account charge, if you invest a large amount (300k+) then you will probably be able to get some good deals but it would be an investment account and not a savings account.

I have several bank accounts here and I use them purely for convenience of paying bill and transferring money to people or paying online. When I'm paid I just take it all out and keep it in my drawer.

If you want to get a high interest account then either wait until you have more cash to invest or open a HSBC account here and in your country and transfer it back to your home country, then send it on to a high-interest account.

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11 years 24 weeks ago

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