HSBC Bank Malta has launched an innovative type of financial investment: the Mixed Investment Deposit Account Solution (MIDAS). What makes MIDAS unique is that it combines an investment in the highly diversified World Selection Portfolio Options with the additional benefit of a one year Term Deposit Account that offers an exclusive interest rate.

Denominated in euros, MIDAS is available to all eligible Maltese and foreign investors. The minimum investment is set at €10,000, half of the investment goes towards the World Selection Portfolio Options of the client’s choosing and the other half is deposited in a Term Deposit Account.

The World Selection Portfolios are open ended investments offering five different profiles – ranging from very cautious to very adventurous – to suit the investor’s particular investment needs and risk profile.

With MIDAS, the World Selection investment works alongside a Term Deposit Account that runs for one year, offering an exclusive rate of 2.75 per cent per annum, with an additional 0.25 per cent per annum for HSBC Premier clients. These rates are valid for all accounts opened before 1 September 2012. At the end of the first year, the Term Deposit Account will close and the initial investment in the Term Deposit as well as the interest will be credited to a current or savings account of the client’s choice. There is an initial charge of 3.5 per cent (3.25 per cent for HSBC Premier Customers) on the part of the capital invested in the World Selection Portfolios.

For a full description of MIDAS visit any of HSBC’s branches in Malta and Gozo for assistance from a Financial Planning Officer. More information about MIDAS is also available online at www.hsbc.com.mt/midas.