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HSBC Bank Malta p.l.c is once again offering customers a chance to invest in an attractive income based account which includes also participation in the growth of basket of two share indices.
AIDA (Annual Income Deposit Account) is a 5 year capital secured term deposit account denominated in Maltese liri. The deposit is split in two, with half of the original capital receiving gross annual interest while on the remaining half of the capital, customers will receive an attractive participation rate in the potential growth of a Composite Index. The Composite Index is composed of equal weighted parts of the FTSE100 and Hang Seng China Enterprise Index (HSCEI). The minimum deposit is Lm2,000.
This AIDA tranche offers customers two options. The first option offers a 6 per cent per annum guaranteed gross interest rate on half the deposit (gross guaranteed minimum return over the 5 year term on total deposit is 3 per cent per annum) and a final 25 per cent participation in the growth of the Composite Index if any, on the second half of the deposit.
The second option features a 4.5 per cent per annum gross interest rate on half the deposit over the 5 years (gross guaranteed minimum return over the 5 year term on total deposit is 2.25 per cent per annum) together with a final 50 per cent participation in the growth of the Composite Index, if any, on the second half of the deposit.
“HSBC’s AIDA account is a very attractive package for investors who want to obtain an annual guaranteed return on their term deposits and at the same time invest in some of the world’s leading stock market indices. The dual nature of this Account should draw investors looking for a better return on their savings,” said HSBC’s Head of Personal Financial Services, Godfrey Swain.
Closing date of this limited issue is 19 August 2006, but in the case of over-subscription, HSBC reserves the right to withdraw the offer at any time prior to the closing date. |
