Get serious savings with the HSBC Serious Saver

Wednesday November 26, 2008

Many people have trouble saving their money. There are a number of reasons people don't save, such as giving into temptation and withdrawing money from their savings accounts or not having the motivation to save money. Having your savings in the same account that you use for everyday spending is generally not a good idea as it increases the temptation to dip into your savings.

The award winning HSBC Serious Saver can help provide motivation to save and stop you from withdrawing money from your savings account.

The HSBC Serious Saver savings account offers 5.75%p.a interest - but only if you don't make any withdrawals.

The HSBC Serious Saver savings account gives you incentive to keep money in your bank account and encourages you to put more money into your savings accounts by offering high interest rates.

Even if you don't have a specific savings goal, it is still important to set aside money - just for a rainy day. You can set aside a certain amount of money on a regular basis, such as an automatic savings plan, and it can earn you interest. You'll earn more money without doing anything.

The HSBC Serious Saver savings account features:

• 5.75%p.a interest for every month that no withdrawals are made.
• No bank account fees.
• No minimum opening amount.
• No ongoing balance.
• Can be linked to an HSBC online savings account or another nominated account.

Many experts recommend having at least three months wages in your bank accounts, in case you find yourself experiencing financial difficulties. This allows you to have funds to fall back on.

Apply online for the HSBC Serious Saver savings account and start saving today.

Compare savings accounts today.

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