Close on the heels of the very successful AIDA 4, HSBC Malta has now launched the fifth issue of the popular Annual Income Deposit Account (AIDA). This account offers security of capital* to customers, giving them the added opportunity to receive an attractive annual income on half the capital. The five-year term AIDA offers participation in the potential growth of selected share indices on the other half.
This AIDA issue comes in two options with guaranteed gross annual interest ranging from 4.20 per cent to 5.25 per cent per annum on half the deposit. Deposits are denominated in Maltese Liri, with a minimum deposit of Lm2,000.
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 Composite Index made up of equal parts of the FTSE100 and the S&P500, and the Dow Jones Global Titans 50. Return on the percentage gain will depend on one’s choice of account. No returns will be paid on the second half of the deposit if there is no growth in the share index.
“AIDA has had resounding success across all four previous issues,” said HSBC’s Head of Personal Financial Services, Godfrey Swain. “Potential growth in some of the world’s leading stock market indices and an annual attractive guaranteed return make AIDA extremely attractive to investors,” he added.
Closing date of this limited issue is 21 July, 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 at the address 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.