HSBC launches new High Interest Deposit Bonds for Over 60s

HSBC is launching two market leading High Interest Deposit Bonds for the over 60s. The bank is offering 3.5% gross/AER on a three year High Interest Deposit Bond offer or 3.75% gross/AER on a 5 year bond.

Richard Brown, Head of Savings, said: "We have been listening to our customers and exploring new ways in which we can help the over 60s for some time now." 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."

"Not only are we offering a market leading interest rate, but we're also providing the over 60s with security and growth at a time when it's most needed. The added benefit is that interest is paid monthly - something which is so important to money people."

HSBC's High Interest Deposit Bond features:

3.5% per cent gross AER fixed for 3 years
3.75% per cent gross AER fixed for 5 years
monthly interest, and;
a minimum deposit of just £2,000 and a maximum balance of £49,999;