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HSBC hikes online rate.

Global Banking News-10 March 2010-HSBC hikes online rate(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 10 March 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

HSBC Holdings (LSE: HSBA) has announced that it has hiked its interest rate for online savings accounts.

HSBC Advance, the online banking division of the bank, said that it is offering an online savings account rate that is more than double the national average savings-account rate. The bank's current savings account rate is 1.24 per cent with an annual percentage yield of 1.25 per cent.

The national average savings account/money market account rate is around 0.53 per cent for account balances of USD10,000 or more.

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Publication:Global Banking News (GBN)
Date:Mar 10, 2010
Words:143
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