HSBC launches annual sale

Published on 1 January 1970 by Raffick Marday

HSBC is to launch its annual sale of financial products, offering a range of deals on everything from current accounts to home insurance.

This is the eighth annual sale run by HSBC, as the bank tried to attract new customers for the coming year.

Valuable discounts and enhanced savings rates will be available in the sale, which runs from 22nd December until 31st January 2012.

The financial products on offer include a switching deal for new customers. People who switch their current account to HSBC will benefit from 6% interest gross for 12 months on balances up to £2,500, as well as a 0% overdraft rate for the first year.

Another switching deal is also available for new customers. Those who switch to one of the bank’s savings accounts can get 2% on instant access savings for the first six months.

HSBC is also offering its longest ever 0% interest on balance transfers for new credit card customers. The offer will give people 0% interest on balance transfers for up to 23 months.

“We're offering some great switching deals and competitive rates on current accounts and savings,” said Brendan Cook, HSBC's General Manager of Retail Banking and Wealth Management.

The bank also has a range of deals for small business, to help them save money in what is set to be a tough financial year.

HSBC is offering a discount of 2% on all new small business loans, as well as deals for businesses that switch business loans to the bank. HSBC says it will match or improve its competitors’ loan rates for business that switch their loan to the bank.

Mr Cook added: “With what looks likely to be a difficult year financially, we want to make sure we help our customers get their year off to the best start possible.”

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