Photo courtesy of Karolina Grabowska (Pexels)

It is also raising its HK dollar prime rate to 5.375% pa.

The Bank of East Asia has raised its standard savings rate for HK dollar savings accounts to 0.125% per annum (pa) for deposit balances above HK$5,000.

The bank is also raising its HK dollar prime rate to 5.375% pa, from 5.25% pa.

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