How is the USD Cash Yield portfolio different from Bank USD Deposit?
There are a few key differences between a classic USD deposit account at a bank and a USD Cash Yield portfolio.
| Â | USD Cash Yield | Bank USD Deposit |
|---|---|---|
| Underlying | 0-3 month US Treasury | Bank Deposit (Direct Bank) |
| Currency | USD | USD |
| Lock-up period | None | None |
| Minimum amount | None | Depend on the bank |
| Capital fluctuation | Yes | No |
| Protected by Deposit Protection Scheme | No | Yes, up to $500,000 HKD per depositor per scheme member |
*The yield to maturity is provided by the ETF fund manager and is not a guarantee for future returns. The latest annualized yield is as of 30 April 2024, and may change depend on market conditions
#Deposit account benchmarks are taken from standard USD deposit rates offered by the top [10] Hong Kong banks (in terms of total assets). The rates are as of 21 May 2024