CS offers higher CD% before sinking

Credit Suisse offers higher deposit rates in Asia to woo the wealthy

HONG KONG, March 2 (Reuters) - Credit Suisse (CSGN.S) is offering higher deposit rates than its rivals to attract new funds from wealthy clients in Asia, people with knowledge of the matter said, as the embattled private bank seeks to stem outflows and stop its bankers leaving.

The Swiss bank is offering a 6.5% annual rate on new three-month deposits of $5 million or above, said three sources with knowledge of the matter, who declined to be named as they were not authorised to speak to the media.