HSBC follows ECB and BOV with rates cuts
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- HSBC reduces its base rate in line with the ECB
- BOV announces changes to its interest rates
- APS Bank changes base rate from 1st November
- BOV increases its base rate to 4.25%
- APS Bank announce a review of it’s base rate
- New BOV ATM installed at new Gozo Sea Passenger Terminal
- ECB cuts interest rates by 0.5% - Britain makes drastic 1.5% cut
- HSBC offers loan for ‘Computers for €0.99 per day’ initiative
- BOV Changes its Bank Base Rate in line with Central Bank
- BOV reduce bank base rate by 0.50%
- Monetary statistics for November released by Central Bank
- Central Bank of Malta reduces the central intervention rate
- European Central Bank interest rates unchanged
- HSBC announces a new deposit account with 4.3% interest
- Debit & credit cards will automatically switch to Euro ? HSBC
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HSBC Bank Malta has announced that as a result of the ECB interest rate change, it is reducing its Home Loan Base Rate (HMLR) from 4.25% to 3.75%. The HMLR is the base for the banks variable mortgage lending.
Reflecting the prevailing market conditions, HSBC has also adjusted its base rate for all other lending to 3.95%.
These revised base rates are effective as from this coming Monday, the 13th of October 2008.
HSBC has also reduced its savings rates in line with the ECB rate cut, with the exception of the HSBC On Line Savings Account which remains at 3% p.a. The bank said that this is in line its policy to encourage the use of electronic banking and its automated channels.
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