State-run Mega International Commercial Bank (兆豐銀行) yesterday said that it would offer high interest rates for time deposits denominated in US dollars for a limited time next month, as local lenders seek to take advantage of growing investment interest in the greenback.
The banking arm of Mega Financial Holdings Co (兆豐金控) said that it would offer interest rates of 7 percent for two-month time deposits denominated in US dollars, in an effort to stay competitive with peers that offer similar rates.
The rates would be in effect from Aug. 1 to 5 for individual deposits of US$1,000 to US$3,000 per account, the