An even more improved headline rate of credit interest, paid upfront, is the latest attractive feature of HSBC’s recently-launched Euro Converter Account.

Upfront payment of interest is yet another new feature unique to the Maltese market brought to the public by HSBC. The Euro Converter Account is part of the bank’s strategic preparation for the euro changeover process.

The Euro Converter Account is a one-year fixed deposit in Maltese lira. Credit interest of 4.10 per cent per annum, less 15 per cent withholding tax, is paid upfront to customers upon account opening and credited to an HSBC savings or current account of customer’s choice.

The account balance will automatically be converted to euro on 1 January and on maturity transferred to a designated savings or current account held in customer’s name with the bank.

The minimum balance required to open a Euro Converter Account is Lm2000.

More information about HSBC’s Euro Converter Account can be obtained by calling Customer Service on 2380 2380, by logging onto the bank’s website www.hsbc.com.mt or from any HSBC branch.