Following the resounding success of past issues, HSBC Bank Malta plc has introduced the fourth issue of the popular Annual Income Deposit Account (AIDA). The five-year term AIDA continues to be a very popular product, which besides offering security of capital*, gives customers the opportunity to receive an attractive annual income on half the capital, together with participation in the potential growth of selected share indices on the other half. Deposits are denominated in Maltese liri, pounds sterling and US dollar, with a minimum deposits of Lm2,000, £3,000 or $4,000.
This AIDA issue comes in four options with guaranteed gross annual interest ranging from 4.10 per cent to 6.25 per cent per cent per annum on half the deposit. Gross guaranteed minimum return over five years ranging from 2.05 per cent to 3.125 per cent on the total balance.
The element of participation in the growth of share indices ranges from 30 per cent to 50 per cent and is linked to the second half of the deposit. Participation growth, if any, is paid out at the end of year five, together with the original capital. The selected indices are the FTSE European Public Retail Estate Index (EPRA), (a European property-based option included within the AIDA product) and a Composite Index made up of equal parts of the Hang Seng China Enterprise Index and Nikkei 225. Your return on the percentage gain will depend on your choice of account.
No returns will be paid on the second half of your deposit if there is no growth in the share index.
“Depositors who want to obtain an annual attractive guaranteed return on their term deposits and at the same time benefit from the potential growth in some of the world’s leading stock market indices should find the AIDA very attractive. Proof of this is the success of the past three issues of AIDA,” said HSBC’s Head of Personal Financial Services, Mr Godfrey Swain.
Closing date of this limited issue is 7 May, but in the case of over-subscription, HSBC reserves the right to withdraw the offer at any time prior to the closing date.
For more information about AIDA, one may contact Customer Service on 2380-2380, visit HSBC’s website: www.hsbc.com.mt or call at any HSBC branch around Malta and Gozo.
* The value of the deposit (and the returns) will be paid back to you in full. However, if your base currency is different from the currency of your AIDA, you should be aware that the value of your deposit is subject to currency exchange rate fluctuations which may go down as well as up over the term of the AIDA.