HSBC'S AIDA account has special new benefit
Following the success of past issues, HSBC Bank Malta plc has introduced the third issue of the Annual Income Deposit Account (AIDA). As an added special benefit for this issue, accounts will attract a credit interest rate of three per cent per annum...
Following the success of past issues, HSBC Bank Malta plc has introduced the third issue of the Annual Income Deposit Account (AIDA). As an added special benefit for this issue, accounts will attract a credit interest rate of three per cent per annum on funds parked in accounts before the actual strike date.
The five-year term AIDA continues to be a popular product, which besides offering security of capital, gives customers the opportunity to receive an attractive annual income on half the capital, together with the participation in the potential growth of selected share indices on the other half.
This AIDA issue offers come in three options with guaranteed gross annual interest ranging from five per cent to six per cent per annum on half the deposit. The element of participation in the growth of share indices ranges from 30 to 50 per cent and is linked to the second half of the deposit. Participation growth, if any, is paid out at the end of the five-year term together with the original capital.
The options comprise two currencies, Maltese liri and pounds sterling, and the selected indices available are the FTSE Eurozone Property Index and the Dow Jones Eurostoxx Index. Minimum deposits of Lm2,000 or £3,000 are required.
"Depositors who want to obtain an annual guaranteed return on their term deposits and at the same time benefit from the potential growth in some of the world's leading stock market indices should find the AIDA very attractive," HSBC's head of personal financial services, Godfrey Swain, said.
"Past issues of AIDA were a success. Customers were attracted by the dual features of capital security and strong annual income. We are now granting additional attractive three per cent credit interest before the actual strike date and this should make AIDA ever more popular."
Closing date of this limited issue is next January 16 but in case of over-subscription, HSBC reserves the right to withdraw the offer at any time before the closing date.
For more information about AIDA contact Customer Service on 2380-2380, visit HSBC's Website at www.hsbc.com.mt or call at any HSBC branch in Malta and Gozo.