HSBC increases savings account interest rates
Friday, 01 Jun 2007 17:34
HSBC has increased the interest it pays on its Standard Online Saver, Flexible Saver, IAS, Cash Mini ISA, Premier Savings and children’s savings accounts by 0.25%.
The new rate takes effect on June 4th, 2007.
The HSBC Online Saver now offers 6% interest, it has a minimum opening balance of £1, no requirement to make regular deposits and a maximum balance of £50,000.
Interest on the Online Saver is calculated daily and paid monthly.
HSBC’s fixed rate savings bonds and 8% and 10% Regular Saver accounts are not affected.