Bank launches fourth annual income deposit account

HSBC Bank Malta plc has launched the fourth issue of its annual income deposit account (AIDA).

The five-year term AIDA continues to be a very popular product, which besides offering security of capital, gives customers the opportunity to receive an attractive annual income on half the capital, together with participation in the potential growth of selected share indices on the other half, HSBC said.

Deposits are denominated in liri, sterling and US dollar, with a minimum deposits of Lm2,000, £3,000 or $ 4,000.

This issue comes in four options with guaranteed gross annual interest ranging from 4.10 per cent to 6.25 per cent per annum on half the deposit. The gross guaranteed minimum return over five years ranges from 2.05 per cent to 3.125 per cent on the total balance.

The closing date of this limited issue is May 7, 2007, but in the case of over-subscription, HSBC reserves the right to withdraw the offer at any time prior to the closing date.

For more information one can 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.