New stock market linked savings account from HSBC

HSBC has introduced a new savings account that could give an 18 percent return on investments over 3 and a half years if the stock market doesn't fall.

The new Stock Market linked saving account will pay an impressive 18% if the FTSE does not fall over the term (an annual equivalent rate (AER) of 4.84%) on the investment. The customer's capital is not at risk and even if the stock market falls, their initial investment is totally protected.

David Wells, Head of Investments, Pensions & Savings at HSBC said: "If you want to see potentially higher returns on your savings, but you do not like the idea of losing your capital if the footsie falls, then the HSBC Stock Market Linked Saving Account could be the right investment option for some of our customers.

Unlike some savings products that are linked to the FTSE, the stock market savings account is specifically designed to safeguard your capital plus a potential growth of 18 per cent if the stock market stays level or rises (by any amount)."

"As always, we urge people to seek advice and consider a range of options as part of their overall investment portfolio which offer a stable way to invest for long-term growth."

Minimum investment for the HSBC Stock market Linked Savings Account is £3000 and the account is available from HSBC Financial Advisers at any HSBC branch or online at hsbc.co.uk.  HSBC Personal Internet Banking users can apply online while other customers can download an application to complete and post.