HSBC Bank Malta has introduced the third issue of the Annual Income Deposit Account (Aida).

As an added special benefit for this issue, accounts will attract a credit interest rate of three per cent per annum on funds parked in accounts before the actual strike date.

The five-year term Aida gives customers the opportunity to receive an attractive annual income on half the capital, together with the participation in the potential growth of selected share indices on the other half.

This AIDA issue offers come in three options with guaranteed gross annual interest ranging from five to six per cent per annum on half the deposit.

The element of participation in the growth of share indices ranges from 30 per cent to 50 per cent and is linked to the second half of the deposit. Participation growth, if any, is paid out at the end of five-year term together with the original capital.

The options comprise two currencies, the Maltese lira and pound Sterling and the selected indices available are the FTSE Eurozone Property Index and the Dow Jones Eurostoxx Index. Minimum deposits of Lm2,000 or £3,000 are required.

Closing date of this limited issue is January 16, 2007, but in the case of over-subscription, HSBC reserves the right to withdraw the offer at any time prior to the closing date.