Asia banks scramble for retail deposits to help liquidity requirements

Saving grace

saving-jar

Savers have been hit hard by the financial crisis. Low interest rates and rising inflation have meant bank deposits have paid meagre returns. But the tide may be turning: in Hong Kong, for example, Citibank is offering clients a cash rebate of up to HK$1,500 ($190) if they put their monthly salary with the bank. While the American bank was simply indulging in a bit of old fashioned promotion, in the future these types of offers could become more common as regulation drags the once sleepy topic o

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