HSBC issues up to 6.25% interest capital-secured ELDA

Following the success of the latest Equity Linked Deposit Account (ELDA) Currencies issued last December, HSBC Malta HAS launched another ELDA issue on 14 February 2011.

The Bank said that ELDA offers depositors capital security and the potential of higher annual returns than those normally offered by other deposit accounts. The ELDA Currencies II will be offered in three currency denominations, Euro, British Pound and US Dollar.

Customers will be able to benefit from a return linked to the performance of a currency basket composed of the Brazilian Real, Russian Rouble, Indian Rupee, and the Chinese Renminbi against the Euro, the British Pound or the US Dollar depending on the denominated currency chosen. This four year fixed deposit account can yield up to 6.25% interest per annum for the Euro and British Pound options, or up to 5.1% per annum. For the US Dollar option. Minimum deposit required to open an ELDA account is €2,500, £2,500 or US$2,500 respectively.

The closing date for this limited issue is 24 March 2011, but may be closed earlier if oversubscribed.

More information about the ELDA Currencies II may be obtained from HSBC’s Customer Service on 2380 2380, at www.hsbc.com.mt, or in HSBC branches around Malta and Gozo.