HSBC's AIDA issued for seventh time
HSBC'S AIDA (Annual Income Deposit Account) has been music to investor's ears since it was first launched in January 2006. Now, in its seventh issue, investors will have a further opportunity to deposit funds in a capital secured account and benefit...
HSBC'S AIDA (Annual Income Deposit Account) has been music to investor's ears since it was first launched in January 2006. Now, in its seventh issue, investors will have a further opportunity to deposit funds in a capital secured account and benefit from participation in the potential growth of selected share indices.
The seventh issue of AIDA comes in Maltese Liri or euro, with an annual income of five per cent per annum paid on 50 per cent of the capital. Minimum deposits of Lm2,000 or €4,500 are required.
The remaining 50 per cent of capital will participate in the growth, if any, of a composite share index made up in equal parts of the CAC40, DAX30 and S&P MIB (40). This growth is paid out at the end of the fifth year, together with the original capital.
HSBC's Head of Personal Financial Services, Godfrey Swain, said: "AIDA's past issues have been very successful, and the issue will continue to enhance this product's excellent reputation among local investors. We are particularly pleased to be able to offer customers a very competitive product, offering full protection of capital but with a good interest return and potential growth even at a time of instability in global financial markets."
Although this AIDA closes on November 3, the bank reserves the right to withdraw the offer at any time before that date. For more information call 2380-2380, visit www.hsbc.com.mt or call at any HSBC branch.