HBSC Announces Wealth Campaign

HBSC Announces Wealth Campaign

HSBC has today announced a new investment campaign which will offer HSBC Premier customers an HSBC Term Fund interest rate of 7.00% p.a for four months if they invest an equal or greater amount in one of HSBC’s Global Unit Trusts or World Selection Funds1, with a minimum investment of $10,000.

The campaign is the first of its kind in New Zealand and the Term Fund interest rate is 2.7% (270 basis points) above the nearest Term Fund rate, for a similar term, offered by a major bank in New Zealand2. HSBC Term Fund invests solely in New Zealand dollar denominated deposits issued by HSBC New Zealand.

Glen Tonks, Head of Wealth, at HSBC New Zealand, says: “These campaigns have been hugely popular in the UK and Western Europe and we’re looking to replicate the offer here for the first time in New Zealand. The campaign will only be for a limited period of time and, with the Term Fund a PIE, the effective interest rate is 7.52% p.a. for a 33% taxpayer, providing an additional benefit for investors3.”

“HSBC is a global leader when it comes to managing wealth. Our investment solutions include emerging market funds which provide access to some of the world’s biggest and fastest growing economies such as China, India, Brazil, Russia and greater Asia, as well as more diversified funds which provide access to investments across multiple asset classes and geographies around the world” continues Tonks.

This offer is available to HSBC Premier customers only. To qualify for HSBC Premier customers must either have a minimum combined home loans of $500,000 or $100,000 in savings and investments. ends/more

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