Taiwanese banks are dangling unusually high US dollar deposit rates as a shaky local stock market pushes savers to park cash somewhere safe — good for people sitting on spare money, though the currency risk is real.

• LINE Bank is offering a 5% annual rate on new US dollar money in one-month deposits, with a low entry point starting at $100.
• The deal runs through late September; after it ends, the standard one-month dollar rate drops to 3.3%.
• Entie Bank is countering with a three-month deal at 4% to 4.3%, but you need at least $5,000 to get in.
• The trigger is a weak Taiwan stock market, with investors spreading money across different assets to cut risk.
• The catch: exchange rate swings can wipe out the extra interest, so the headline rate is not the whole story.

Outlook: Expect more banks to roll out similar short-term dollar promotions while Taiwan stocks stay unsettled.