The Hongkong and Shanghai Banking Corporation Limited will, with effect from Monday, 10 November 2008, lower its best lending rate by 25 basis points to 5.00% from 5.25%. HSBCs best lending rate was last changed on 20 March 2008, when it was lowered by 50 basis points.
HSBC will not change the HSBC Savings Rate for its Hong Kong dollar savings deposits.
Account balance (HK$) Current rates150,000 and above 0.01%10,000 – <150,000 0.01%5,000 – <10,000 0.01%Below 5,000 0%
HSBCs bonus interest rate for total relationship balances of HK$1 million and above remains at 0.01%.
D.C.