HSBC announce five-fold increase in savings interest

verybigchris

That's right ladies and gentlemen, the HSBC Flexible Saver has a new rate, effective today. It's gone up to 0.05%, from 0.01%, so you'll get five times more interest than you used to get :j

Be careful though: if you have £2 million or more in the account, this will push your interest over the annual PSA threshold.

cloud_dog

Don't want to burst your balloon but you will only get 4 times more

jamei305

cloud_dog wrote: »

Don't want to burst your balloon but you will only get 4 times more

If you have £5 in the account you will continue to get nothing each year.

verybigchris

cloud_dog wrote: »

Don't want to burst your balloon but you will only get 4 times more

Oh well, too late now, I've already instructed Coutts to liquidate my portfolio.

TBC15

Easy to get caught up in the euphoria, my advice is to go on a cruise and consider one’s options.

Once round the harbour should do it.

ramjug

and the is the exactly the reason i come here to laugh a bit