HSBC is extending the sale of its special high interest rates on Term Deposit Accounts. HSBC introduced market leading rates on 10 June 2006, available up to 10 July.

Due to the very successful take up of these special rates, HSBC has now extended the sale up to 29 July.

The improved rates relate to four different term deposits: 9 months, one year, 18 months or two years. The applicable interest rates on these accounts are 3.50 per cent, 3.70 per cent, 3.75 per cent and 3.85 per cent respectively.

“This promotion has been very successful with the public in Malta and reflects their interest in higher income earning Malta liri products. Additionally, these higher interest rates have built in HSBC’s expectations of a possible interest rate rise which may occur at the end of this month with the forthcoming meetings of the Central Bank of Malta and/or the European Central Bank.” said HSBC personal financial services head Godfrey Swain.

The extension of the sale is expected to finish at the end of July.