HSBC launches bigger January sale

29 December 2005
HSBC is to launch a sale on many of its products in an £11 million give-away beginning today.

The bank's January sale includes 50 per cent more on savings and a cut of 50 per cent off the cost of borrowing. As a result, HSBC fixed-rate mortgage customers will receive a 2.69 per cent deal for six months.

Other products on offer include half price on online share trading and a 50 per cent discount on initial investment charges, the bank said.

The sale also boasts free banking for new HSBC commercial customers and discounts on selected products from the M&S range, as well as special offers from HSBC on savings, investments, mortgages, credit cards, insurance and current accounts.

Joe Garner, head of UK personal financial services at HSBC, said: "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."

He added that this sale had been planned to give more to customers through best buy savings and investment deals. He also said that this year's sale is bigger than the first, and would have a proportionately greater effect on customers.

Mr Garner added: "Last year's sale was amazingly popular with customers - our market-leading deposit bond sold out in just two weeks and sales across all products were sharply up. With even bigger offers available this year, we are expecting to have an even bigger impact on consumers."

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