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HSBC is offering 5% gross AER on a 12-month High Interest Deposit Bond when customers invest the same amount or more into HSBC's World Selection.
The minimum amount of investment is £10,000 into the HIDB and World Selection, i.e. a minimum £20,000 in total.
Each portfolio in the World Selection range offers the expertise of what HSBC considers to be some of the best fund managers from across the globe. These managers are selected by the mulitmanager team at HSBC Global Asset Management, and are blended to deliver steady long-term absolute returns, with low levels of volatility.
"This is a good product paying a healthy amount of interest for 12 months. High Interest Deposit Bonds are among the most straight-forward savings vehicles on the market. Savers know exactly where their money is, what rate of interest they're earning and when that interest will be paid, from the outset,” says David Wells, Head of Investments, Pensions & Savings at HSBC.
"Despite the recent volatile stock market conditions, investors are still recognising the importance and benefits of a globally-diversified portfolio that invests across a range of asset classes, and that's exactly what World Selection offers customers. In uncertain times, the best way to invest is to enable experts to diversify your investments, spreading money across geographies and types of asset and then monitoring it closely."
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