HSBC boosts rates

For offshore savers

HSBC Bank International has unveiled a new savings offer called 766 which provides savers with 7% sterling, 6% US dollar, and 6% euro, a special three month fixed term deposit*, available until 31 March 2008.

In recent years, offshore banking has hit record popularity and with more people reaping the benefits of its convenience, privacy, security, tax efficiency and market- leading rates, offshore banks have some of the best savings offers available.

HSBC Bank International’s new offer requires customers to open a Premier Bank Account and fund it to £60,000 or currency equivalent. Thereafter, any savings of more than £10,000, $25,000 or €25,000 will qualify for the rates that beat the saving rates of other key international banking institutions.

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Bank Name	£100,000	$100,000	€ 100,000
HSBC Bank International	7%	6%	6%
Bank of Scotland	5.51%	4.29%	3.54%
Abbey International	5.32%	4.01%	3.84%
Barclays International	4.90%	3.80%	3.58%
Royal Bank of Scotland International	4.59%	3.10%	3.10%

All rates above are based on the value of deposits detailed above and are indicative as at 02/01/08

Paul Say, Head of Marketing and Communications, said: “Following the success of our ‘765’ savings offer in October, we have decided to provide our customers with a second market-leading offer to start the New Year. Driven by the continuous desire to improve our products and services and ensure we provide bespoke advice and support to our international customers regardless of where they are in the world.”

Customers will benefit from:

A great return on their savings with this ‘766’ offer
Access to a highly comprehensive global banking and wealth management service
The the ability to take their accounts, credit history and banking relationships with them wherever they choose to live and work.

Our Premier Service also brings with it a host of enhanced advantages, including:

A dedicated relationship manager on hand when you need one
Exclusive access to 250 Premier centres worldwide
Benefit from offshore specialists in Dubai, Hong Kong, Singapore or South Africa
A single view of all accounts held with HSBC globally via the Internet
24hour access to your accounts 365 days a year via Internet Banking, by calling the Premier team on +44 1534 616 313, via post or at over one million ATMs worldwide
Fee-free international money transfers via the internet
Access to HSBC Premier MasterCard- the lowest interest rate of any HSBC Bank credit card with a typical 11.9% APR variable and no annual fee
Financial guidance on a wide range of issues including tax issues, property investments and retirement planning

Paul Say added: “ ‘766’ offers fantastic rates and provides our Premier customers with real value for their money while at the same time giving the peace of mind that comes from banking with one of the world’s largest financial institutions.”

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* This offer is open to new HSBC Bank International Premier customers, who have at least £60K to deposit in a Premier account plus a minimum of £10,000 or $/ €20,000 to deposit into a ‘766’ 3 months fixed term deposit.