HSBC launches new bonds

www.moneynews.co.uk > Banking > HSBC launches new bonds

HSBC launches new bonds

Wed 28th Jan 2009

HSBC has announced the launch of two new bonds aimed at people who have retired.

The bank's new offerings are known as High-Interest Deposit Bonds and offer to pay interest rates of 3.5 per cent on the three-year option and 3.75 per cent on the five-year bond.

Richard Brown, head of savings at the bank, said that the two bonds, which require a minimum deposit of £2,000, were launched in response to consultations with customers over the age of 60.

He added: "We're […] providing the over-60s with security and growth at a time when it's most needed. The added benefit is that interest is paid monthly - something which is so important to many people."

HSBC also announced recently that they are continuing with a programme to reunite customers with forgotten funds - money which has lain untouched in dormant accounts for 15 years or more.

Click here for more banking news

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : HSBC
	HSBC commits to 15bn mortgage deals in 2012
	HSBC to offer deals for 2012
	HSBC advises mortgage holders to save for second purchase
	Renting out a room 'could shorten offset mortgage repayments'
	First Direct reveals lack of saving awareness in Britons
	HSBC and First Direct named top mortgage lenders
	New HSBC deal allows customers to switch to fixed rate mortgages
	HSBC finds pessimism over ability to secure mortgages
	HSBC welcomes pensions calculator change
	Pensions calculator advice important, says HSBC