Reported about 1 year ago
According to FSC statistics, as of the end of April, national banks' foreign currency deposits reached NT$14.5 trillion, marking a three-month consecutive high, with an increase of NT$191.8 billion compared to the end of March, showing a 1.3% growth. With the expectation of a delayed rate cut by the Fed, interest rates remain high, prompting depositors to show interest in foreign currency time deposits. Various banks are offering competitive rates, with some banks offering up to 5.3% annual interest for three-month USD deposits. Foreign banks are also targeting high net worth clients, offering up to 7% annual interest for three to six-month deposits.
Source: YAHOO