HSBC is offering new depositors the best interest rates in Malta on a range of term Liri deposits, following the recent 0.25 per cent increase in Central Bank of Malta (CBM) rates.

The new rates are only available for a limited special period for accounts opened between 8 June and 10 July 2006.

Four different term deposits are available from HSBC under the special offer. These are for a period of nine months, one year, 18 months or two years.

The applicable interest rates on these accounts are 3.50 per cent, 3.60 per cent, 3.65 per cent and 3.70 per cent respectively.

The new rates on the 12 month and 24 month terms represent a very significant increase of 0.6 per cent on the previous rates pre-CBM rise of 0.25 per cent and a full 0.35 per cent higher than the CBM rise for HSBC savers.

“HSBC is offering depositors the widest range of term deposits available in Malta, and offering the highest interest rates available in the related bands. Choice innovation and value for money are important for customers. HSBC is confident that these new rates will prove popular with savers who will recognize HSBC for its leading role in improving returns for savers.” said HSBC’s Head of Personal Financial Services, Mr Godfrey Swain.

More information on HSBC’s term deposit accounts is available from any HSBC branch, by calling 234802380 or by visiting the website, www.hsbc.com.mt