Interest rates cut

Following the decision made by the Central Bank of Malta to reduce to 3.50 per cent the central intervention rate and the discount rate by 25 basis points, HSBC Bank Malta announced that, with effect from yesterday, the interest rates on its personal...

Following the decision made by the Central Bank of Malta to reduce to 3.50 per cent the central intervention rate and the discount rate by 25 basis points, HSBC Bank Malta announced that, with effect from yesterday, the interest rates on its personal and commercial lending products will be reduced by 0.25 per cent.

These products include house loans, commercial advances, Flexicredit, home credit loans, credit card lending, and current accounts.

HSBC will also be reviewing the interest rate payable on savings and fixed deposits accounts with a view to lower rates.

The rate of interest on credit card balances will be reduced by 0.25 per cent, with effect from statements issued after June 21.

A schedule of the interest payable on all products can be found on the web and from all HSBC branches.

www.hsbcmalta.com

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.