How is the USD Cash Yield portfolio different from fixed deposits?

There are a few key differences between a classic fixed deposit account at a bank and USD Cash Yield.


Fixed deposit

USD Cash Yield



An account opened at a bank that pays a guaranteed interest rate after a stipulated time period.

A portfolio that invests into short-term US Treasury Bills. 


The rate

You lock a guaranteed rate.

The rate is a projection and moves along with US Treasury Bill rates. 

Lock-in period

Varies from 3 to 12 months on average.


Minimum amount

Usually requires $20,000+ of new funds to earn preferential interest rate 



Deposit insurance

Insured under Hong Kong’s Deposit Protection Scheme for up to $500,000 HKD per depositor per scheme member.