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 seventh 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 seventh 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 fifth year, together with the original capital.
Although this AIDA closes on 3 November, 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.