"Market leading" HSBC Online Saver to be launched
www.moneynews.co.uk > Banking > "Market leading" HSBC Online Saver to be launched
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Money News |
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"Market leading" HSBC Online Saver to be launched
Fri 2nd Feb 2007
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As of February 5th, the HSBC Online Saver will offer new and existing customers a rate of 5.75 per cent and aims to reward those with long term saving aspirations.
In line with the Bank of England base rate increase last month, HSBC has announced that it will also raise the rates by 0.25 per cent on its Instant Access Isa, Cash Isa and children's savings products.
Paul Whitlock, head of savings at HSBC, stated: "HSBC's Online Saver is one of the highest paying savings accounts available. Unlike many other online savings accounts, customers can now open their account with just £1 and there are no tiered rates, so they will earn the headline rate of 5.75 per cent on their entire balance from day one."
There is no requirement with the HSBC Online Saver to pay regular amounts into the account and interest is dished out on a monthly basis.
Customers with a HSBC Online Saver account will manage their account solely online and consequently, statements are viewed on the web.
Related News : Banking |
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Related News : HSBC |
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