HSBC has re-launched its Bank Account Plus, offering new customers six per cent interest for 12 months on balances of up to £2,500.
Existing customers can accrue 2.5 per cent on their credit balances, as well as a discounted overdraft rate of 12.8 per cent EAR.
Whether a new or existing HSBC customer, the updated Plus savings account also offers up to £1,000 in additional benefits.
These include a 0.2 per cent standard tracker mortgage rate discount, a 0.5 per cent interest boost on a cash mini ISA, ten per cent return on annual credit card interest and a one per cent reduction in standard loan interest rates.
The "enhanced" Plus account features "50 per cent more value" according to Joe Garner, head of UK personal finance services at HSBC.
"We're always looking to give our customers the best value, which is why we have enhanced our Plus package to provide benefits on banking products and limit the added-value benefits to those that our customers really want and will use," he said.
The six per cent interest rate with the Bank Account Plus is available to customers until November 30th, up until which date HSBC is also offering a 25 per cent reduction in the monthly subscription fee of £12.95, lowering it to £9.95.
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