The interest rate of US dollar deposits ranges from 2.8% to 5.8%. Dollar deposit refers to the deposit business of depositing dollars into banks or other financial institutions. In the US dollar time deposit interest rate table released by Bank of China from June, 5438 to October, 2024, the one-year US dollar time deposit interest rate was 2.8%, while the Singapore bank's US dollar time deposit interest rate generally rose in the same period, and HSBC's US dollar time deposit interest rate was the highest, at 5.8%. Dollar deposits have many characteristics, the most notable of which is that the term is relatively short, mainly in the short and medium term, such as 1 month, 3 months, 6 months, 1 year. Compared with long-term deposits, short-term dollar deposits have higher liquidity, which is convenient for investors to adjust their capital allocation at any time according to market changes or personal needs.