News Release
HSBC to Hold Memorial Day Rate Sale May 23-June 3
23 May 2005
NEW YORK – HSBC Bank USA, N.A. (NYSE: HBC) is getting ready for summer with its first-ever Memorial Day sale. During the sale, which will run from May 23 through June 3, HSBC is offering a discounted loan rate and increased deposit rates on money market and certificates of deposit.
The bank will offer a promotional certificate of deposit, which requires a one-year term and a minimum deposit of $1,000. HSBC will also offer a promotional money market account which will pay a special interest rate on new accounts opened during the period. During the sale, qualified customers will be eligible to receive a special, fixed interest rate on unsecured, personal loans, subject to normal credit approval procedures.
"Memorial Day sales are commonplace for retail stores, and we see no reason customers shouldnt expect the same from their bank, said Kevin Martin, senior vice president for customer marketing. "Were excited to build on the great success of the Presidents Day sale we held in February with special rates on deposit and loan products."
Customers can open any of these accounts in HSBC branches or by calling the Customer Relationship Center at 1-800-975-4722. Although HSBC branches will be closed on May 30th in recognition of Memorial Day, the sale will be extended for an entire week.
To find more details on the Memorial Day sale or locate the nearest HSBC branch, visit http://us.hsbc.com.
