Rates up to 3.8% and 1 Million Air Miles Free
HSBC has announced the launch of their high yield fixed deposits. The deposit is aimed at customers who bring in new to bank funds or use funds in their existing Demand deposits and would like to earn higher returns with no risk, as well as enjoy the security of liquidity.
Customers can decide on tenors of 12, 9 or 6 months, which offer an interest at maturity of 3.80%, 3.70% and 3.60% respectively. This offers is valid on conventional as well HSBC Amanah term investments.
For deposits above AED 250,000 taken out from 20th September to 31st October 2010, customers can get up to 1 million Air Miles free based on the value of their deposits.
Deposits from AED250,000 to 999,999 will get 100,000 Air Miles; AED 1million to 4,999,999 will get 250,000 Air Miles and AED 5 million to 16 million will get 1 million Air Miles.
James Pearson, Head of Assets and Liabilities, HSBC UAE said: We are delighted to be able to offer these fantastic rates in the UAE. We are keen to expand our local deposit offerings and this firmly positions HSBC as a leading savings provider. Our attractive free Air Miles promotion is an added benefit enabling customers to redeem their miles for rewards including flights, hotel accommodation and jewellery. This particular product is most suited to those with funds who are looking for a higher return deposit opportunity over a 6 month to one year timeframe.
Redemption of Air Miles can be done on-line through www.airmilesme.com or by calling 04-3913401 with free delivery of rewards in the UAE
For more information on Deposits customers should contact 600 554722
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HSBC Bank Middle East Limited (HSBC)
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 46 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon, Pakistan, Algeria and the Palestinian Autonomous Area. In addition to the branch network the Bank maintains representative offices in Tehran, Iran and Tripoli, Libya. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt SAE; and by its associated companies; The Saudi British Bank; British Arab Commercial Bank Limited; HSBC Saudi Arabia Limited; SABB Securities Limited; SABB Takaful Co.; and Dar Es Saalam Investment Bank.
Media enquiries to Andrea Jaishankar, Manager Communications, HSBC Bank Middle East Limited on 04 4235635 or at andreajaishankar@hsbc.com
Press Release 2010
