HSBC offers regular saver account at 5%

HSBC Malta has launched an innovative deposit account offering a guaranteed interest rate of five per cent per annum. The Regular Saver Account offers a high rate of interest to customers who wish to set aside part of their monthly earnings for a full one-year term and receive the benefits immediately by having interest paid on a monthly basis.

This is a limited offer which closes on May 6 or earlier, at the bank's discretion. The minimum monthly payment allowed is €250 and the maximum is €1,000. Interest is calculated daily and credited monthly to the principal balance of the account or to an HSBC demand deposit from which the monthly payments are being withdrawn. Terms and conditions apply.

"With this new account HSBC is offering another opportunity for our customers to deposit money and receive an attractive interest rate which is guaranteed for a full one-year term," said HSBC's Head of Personal Financial Services Godfrey Swain.