Asia-Pacific-based all-in-one digital investment platform Syfe has launched its Cash+ Fixed time deposit investment service for retail investors in Hong Kong.

The service, by investing into exclusive time deposits with banks regulated by the Hong Kong Monetary Authority (HKMA), helps investors achieve a fixed interest rate of 4.7% per annum (HK$, 6-month term) with no minimum or maximum investment amount, no extra requirements and no management fees.

The investment service, the company says, beats almost all-time deposits available to retail customers today that do not have extra conditions or restrictions. Such competitive rates are possible because Syfe, it points out, leverages its scale as a financial institution to negotiate with top global banks, continuously seeking partners that can offer the most competitive returns as interest rates fluctuate.

The service’s customers, the platform shares, can therefore be confident that rates are among the best available, without needing to shop around or jump between banks when their fixed term ends.

“Hong Kong has a huge number of time deposit accounts that boast high interest rates, but the highest advertised rates often involve a number of requirements,” adds Kevin Li, the platform’s general manager and Hong Kong head. “These can include high deposit thresholds or using another of the bank’s services, such as investments or loans, which may not be possible or suitable for the circumstances of many people.”