HSBC offers 7% on guaranteed capital account
Friday, 25 May 2007 13:42
HSBC’s guaranteed capital account has increased interest rates 0.25%, meaning top end rates are now 7% gross (7.23 per cent AER).
The bank is also launching two new issues of the account.
The minimum investment in the guaranteed capital account is £3,000 (maximum £999,999). This is split 50/50 between income earned from market-leading interest rates with the growth potential of a leading stock market index.
The HSBC guaranteed capital account can be taken out for terms of 3.5 or six years. It guarantees your initial capital will remain secure.
"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," said Malcolm Prince, head of multi-tie investments at HSBC comments.
"Thanks to the full capital protection, investors can reap the rewards of stock market growth knowing their initial capital will always be safe - and thanks to the recent increase in Base Rate, they can enjoy income on their investment at table-topping interest rates.
"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 period2, so investors need to act fast if they do not want to miss out."