HSBC reduces its base rate in line with the ECB
- HSBC follows ECB and BOV with rates cuts
- HSBC to pass on full interest rate cut to borrowers
- BOV announces changes to its interest rates
- Home owners and manufacturers to benefit from BOV interest rate cuts
- Full ECB rate cut reflected in BOV lending rates
- BOV reduce bank base rate by 0.50%
- APS Bank changes base rate from 1st November
- APS Bank announce a review of it’s base rate
- BOV increases its base rate to 4.25%
- New BOV term deposit accounts in sterling and euro
- HSBC announces a new deposit account with 4.3% interest
- New Limited Offer – BOV Term Deposit Account in Sterling
- BOV Changes its Bank Base Rate in line with Central Bank
- Home Loans for 2nd time buyers at Bank of Valletta
- Enemalta proposes new power tariff reductions
As a result of the recent European Central Bank interest rate reduction and to reflect current market conditions, HSBC Bank Malta has announced that it is reducing its base rate for all lending rates except home loans to 3.55 per cent.
The home loan base rate, which is the base for variable mortgage lending, is being reduced to 3.35 per cent, the bank said.
Term deposit rates have also been reduced in line with the ECB rate cut, but savings accounts have been reduced by less than the ECB rate cut.
The bank has also retained its higher rate on the HSBC Online Savings Account, which includes a 3% per annum rate for balances over €5,000.
The revised base rates are effective as from tomorrow, Wednesday the 12th of November 2008.
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