Hard Times

To: Miss Tan

Subject: Online Saver rate change

Date: 20 Mar 2009

Message:

The Bank of England have reduced the Base Rate by 0.50% to 0.50%. Following this, we have changed the rate of interest you earn on your Online Saver account from 0.75% AER to 0.25% AER, 0.25% gross variable. The new rate is effective from 20 March 2009.The Online Saver is designed for people with longer term savings goals - as you won't receive any interest on the full balance in any calendar month you make a withdrawal.Our Online Bonus Saver account may suit you better (Simply go to the 'Savings' tab and select 'Online Bonus Saver'). However, please remember that if you transfer any funds out of your Online Saver this will count as a withdrawal from your Online Saver and no interest will be payable on that account in that month.

Thank you for saving with HSBC.


Hard times people, hard times.