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Fixed Deposits Promotions 2014
There was quite a fair bit of interest in my previous post on the POSB 1.5% p.a. savings promotion, so I thought I can update you on some of the other fixed deposit rates right now. Generally, interest rates are slowly creeping up with the end of qualitative easing in the US. These are some […]
AXA to buy General Insurance and Group Life of HSBC Insurance Singapore
AXA and HSBC announced yesterday they have entered into an agreement whereby AXA would acquire HSBC’s Property & Casualty (P&C) businesses in Hong Kong, Singapore and Mexico. In addition, AXA will benefit from a 10-year exclusive Property & Casualty bancassurance agreement with HSBC in these countries as well as in India, Indonesia and China. This […]
HSBC Insurance Mortgage Protector Promotion
HSBC Insurance has recently launched a promotion for their Mortgage Protector policy. A Mortgage Protector policy is a decreasing term insurance policy meant to provide against the liabilities of a housing loan. Having such a policy in place would ensure that the surviving dependents of a breadwinner (on his or her demise) would not have […]
HSBC Renminbi Fixed Deposit
HSBS has started offering fixed deposits in Renminbi available to retail customers. For a one year term, the interest rates ranges from 0.28% (5 mil CNY) depending on the amount. You can check the latest rate at the HSBC foreign currency fixed deposit page. The Advance and Premier customers of HSBC would enjoy a higher […]
HSBC Launches Equity Linked Home Loan
HSBC has recently launched a home loan package that is linked to an equity index, the Morgan Stanley Capital International Singapore Free Index. The Singapore Free Index tracks 27 heavy weight stocks in Singapore. Under this new package, customers are charged an interest rate of SIBOR + 1.1% throughout the loan tenure. With the special […]