HSBC’s AIDA (Annual Income Deposit Account) has been music to investor’s ears since HSBC’s launch of this product in January 2006. Now, into its 7th issue, investors will have a further opportunity to deposit funds in a capital secured account* and also benefit from participation in the potential growth of selected share indices.
The 7th issue of AIDA comes in Maltese Liri or Euro, with an annual income of five per cent per annum paid on 50 per cent of the capital. minimum deposits of Lm2,000 or EUR4,500 are required.
The remaining 50 per cent of capital will participate in the growth, if any, of a composite share index made up in equal parts of the CAC40, DAX30 and S&P MIB (40). This growth, is paid out at the end of the 5th year, together with the original capital.**
“AIDA’s past issues have been very successful, and this issue will continue to enhance this product’s excellent reputation among local investors. We are particularly pleased to be able to offer customers a very competitive product, offering full protection of capital but with a good interest return and potential growth even at a time of instability in global financial markets,” said HSBC’s Head of Personal Financial Services, Godfrey Swain.
Although AIDA closes on November 3, 2007, the Bank reserves the right to withdraw the offer at any time prior to closing date. More information about AIDA can be obtained by calling 2380-2380, visiting HSBC’s website at the address www.hsbc.com.mt or from any HSBC branch in Malta and Gozo.
* The value of the deposit (and the returns) will be paid back in full. If your base currency differs from the currency of your AIDA the value of your deposit is subject to currency exchange rate fluctuations which may go down as well as up. **Your return on the percentage gain will depend on your choice of account. No returns will be paid on the 2nd half of your deposit if there is no growth in the share index.