HSBC launches two new bonds
HSBC has launched two new bonds aimed at retired people.
The High Interest Deposit Bonds offer 3.5% gross/AER on a three year investment, or 3.75% on a five year investment.
HSBC head of savings, Richard Brown, said: “High Interest Deposit Bonds are among the most straight-forward savings vehicles on the market.
“Savers know exactly where their money is, what rate of interest they’re earning, and when that interest will be paid, from the outset.”
Brown added that the bonds provide over 60s with security and growth at a time when it is most needed.
Minimum deposit is £2,000, maximum balance is £49,999. Interest is paid monthly.