HSBC advanced bonus account pays 3.5% upfront
HSBC's new Advanced Bonus Account is offering a 3.5 per cent interest on the whole investment for the 15-month term which is equivalent to 2.8 per cent per annum. The interest less 15 per cent withholding tax, for the whole of the applicable term,...
HSBC's new Advanced Bonus Account is offering a 3.5 per cent interest on the whole investment for the 15-month term which is equivalent to 2.8 per cent per annum.
The interest less 15 per cent withholding tax, for the whole of the applicable term, will be paid immediately to customers upon account opening and credited to a savings or current account of customer's choice.
On maturity the capital is transferred to a designated savings or current account held in the customer's name with the Bank. The minimum balance required to open this new account is €2,500.
"The payment of the interest rate upfront is a unique feature as it is only currently offered by HSBC in the Maltese market. With the current volatility in interest rates and the possibility of further downward trends, the feature of obtaining interest upfront should be an added bonus to this account," said HSBC Malta's Head of Personal Financial Services, Godfrey Swain.
More information about HSBC's new Advanced Bonus Account can be obtained by calling Customer Service on 2380 2380, by logging onto the bank's website www.hsbc.com.mt or from any HSBC Bank Malta plc branch.
The interest less 15 per cent withholding tax, for the whole of the applicable term, will be paid immediately to customers upon account opening and credited to a savings or current account of customer's choice.
On maturity the capital is transferred to a designated savings or current account held in the customer's name with the Bank. The minimum balance required to open this new account is €2,500.
"The payment of the interest rate upfront is a unique feature as it is only currently offered by HSBC in the Maltese market. With the current volatility in interest rates and the possibility of further downward trends, the feature of obtaining interest upfront should be an added bonus to this account," said HSBC Malta's Head of Personal Financial Services, Godfrey Swain.
More information about HSBC's new Advanced Bonus Account can be obtained by calling Customer Service on 2380 2380, by logging onto the bank's website www.hsbc.com.mt or from any HSBC Bank Malta plc branch.