HSBC accounts incorporate rate rise

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HSBC accounts incorporate rate rise

Savvy customers taking on HSBC's guaranteed capital account will benefit from the recent quarter point increase in the base rate.

Top-end rates for the HSBC account are now on offer at a generous seven per cent, with the packages available for terms of 3.5 or six years.

The account is believed to be ideal for cautious investors who do not want to jeopardise their savings pot, with the account set up guaranteeing that initial capital will remain secure.

Requiring a minimum investment of £3,000, the funds will be split 50/50 between two investment avenues.

Consumers can also choose whether to receive interest on a monthly basis or wait until the account reaches maturity.

Malcolm Prince, head of multi-tie investments at HSBC, said: "We have seen a real appetite this year from investors looking for products that combine income and growth with full capital protection and the guaranteed capital account suits these needs perfectly.

"We are delighted to be launching a further two issues with exactly the same terms as before, but they are only available for a limited period, so investors need to act fast if they do not want to miss out."

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