HSBC World Selection High Interest Deposit Bond

HSBC is launching a market leading High Interest Deposit Bond as part of its globally diversified World Selection fund offer.

The bank 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.

David Wells, Head of Investments, Pensions & Savings at HSBC said: "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.

"World Selection enables experts to diversify investments, spreading money across geographies and types of asset and then monitoring it closely. 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."

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 blended to deliver steady long-term absolute returns, with low levels of volatility.

HSBC's High Interest Deposit Bond features:

5% per cent gross AER fixed for 12 months when they invest the same amount into World Selection

Minimum amount of investment is £10k into the HIDB and World Selection, e.g. minimum £20k in total

Interest can either be paid monthly or annually

The accounts must be applied for in branch but once opened can be managed in branch or by telephone