DR - Rate Changes

Rates Update: HSBC gets aggressive

Sunday 10th of October 2010

HSBC is getting competitive in the 6-12 month term deposit space making some big increases for deposits over $10,000 and bigger increases over $100,000. On the other hand, the bank has lowered rates for deposits less than five-month term.

For a $100,000 12-month deposit, HSBC is now offering 5.25% which is competitively priced when compared with ANZ's 5.20% for over $50,000 and TSB Bank'...

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