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Mortgages, savings accounts on sale
Fri, 23 Dec 2005
January sales are not limited to the retail sector, with HSBC announcing a sale on some of its mortgages, savings accounts and other banking products.

The bank announced that it will kick off its £11 million sale give-away next Wednesday, December 28th.

Banking customers will benefit from 50 per cent more on savings and a cut of 50 per cent on the cost of borrowing.

Instant access savings accounts now offer up to 4.22 per cent gross interest rate and the bank's Plus packaged account offers 6.47 per cent for six months.

The mortgage rate on fixed rate mortgages has been slashed to 2.69 per cent for six months.

"After inventing the sale concept last year, we built upon it to give our customers over £140 million in great value deals and product innovation throughout 2005," says Joe Garner, the head of UK personal financial services at HSBC.

"We've planned this year's sale so that we don't just lead the market with our mortgage and credit cards deals but, more importantly, also give more to savers through best buy savings and investment deals."

As part of the sale, the bank has extended its 0% interest credit card deal by 35 days and offers £50 cashback on new home insurance policies.

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