HSBC Guaranteed Capital Account starts
www.moneynews.co.uk > Banking > HSBC Guaranteed Capital Account starts
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HSBC Guaranteed Capital Account starts
Wed 21st Feb 2007
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Aimed at those who wish to invest without the associated risks, the HSBC Guaranteed Capital Account provides a rate that tracks the Bank of England base rate with an additional percentage of up to 1.5. This means the rate is currently 6.75 per cent.
Customers can choose whether to take out the product over 3.5 years or six years and Malcolm Prince, head of multi-tie investments at HSBC, stated that during the bank's recent green sale, a popular product had been an investment item.
Mr Prince remarked: "The HSBC Guaranteed Capital Account taps in to this mindset. Investors can reap the rewards of stock market growth while earning income on their investment at our best ever rates - safe in the knowledge that their initial capital will be safe."
A minimum investment of £3,000 is required for to set up the account, increasing to a maximum of £999,999.
Customers will benefit from a better interest rate should they choose to receive their interest on maturity of the HSBC Guaranteed Capital Account rather than in monthly increments.
Related News : Banking |
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Related News : HSBC |
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