HSBC drops fixed term mortgage rates
HSBC has reduced fixed-term mortgage rates in announcing cuts of up to 29 basis points.
HSBC has dropped its fixed-interest mortgage rates, reducing one to five year terms by up to 29 basis points.
John Barclay, the head of retail banking and wealth management at HSBC said in a statement the bank offered the lowest fixed rates in the market.
“We have been offering HSBC Premier customers some of the lowest fixed rates in the market since April 2010, and today’s announcement sees us continue this strategy,” he said.
HSBC Premier customers are required to have a minimum $500,000 home loan or $100,00 in savings and investments.
The new rates are as follows:
- One year 5.65%, down 14 basis points.
- Two year 6.1%, down 25 basis points.
- Three year 6.5%, down 29 basis points.
- Four year 7.05%, down 25 basis points.
- Five year 7.35%, down 24 basis points.
Matt Nippert
Mon, 10 Oct 2011
Mon, 10 Oct 2011
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HSBC drops fixed term mortgage rates
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