HSBC has its headquarters in London but it is one of the world’s largest financial services organisations. They have more than 8,000 offices in 88 countries with 100 million customers worldwide. There are 220,000 shareholders with HSBC stock floated on the stock exchanges of London, Paris, New York and Hong Kong. The name HSBC derives from the Hongkong and Shanghai Banking Corporation which was founded in 1865. This merged with Midland Bank in 1992 to further strengthen their base of operations. Besides helping their customers with financial planning, HSBC also works with several charities in an effort to clean up the environment.
Product Services and Speciality Products
Whether you are planning for, approaching or actually in retirement, HSBC has a range of options for you. Their Variable Rate ISA is ideal for anyone looking to take steps towards a healthy financial future. This is a savings account that is tax free and has no hidden charges. HSBC are trying to entice new customers by adding a bonus interest payment of 1% AER for a full year after opening your account. You are also given the option of transferring your ISA from other providers. HSBC claims that you could save up to £5,100 in a tax year with this account.
Their Stockmarket Linked Savings Account is a savings account that helps you benefit from stock market growth as well as returning your capital. The terms of this account include a three and a half year deposit which means you must keep your money in the account until it matures in February 2014. The minimum deposit is £3,000 and you could receive a very healthy cash lump interest payment when the term ends. This is a special account that is only available until 8 October 2010.
You can invest either through private company pensions or else you can drop into any of their branches all over the UK to find out what the best pension option is for you.