Cable Forum - HSBC Profits

Cable Forum (https://www.cableforum.uk/board/index.php)

- Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)

- - HSBC Profits (https://www.cableforum.uk/board/showthread.php?t=33709999)

Cobbydaler

27-04-2021 20:58

HSBC Profits

Quote:

HSBC has reported stronger than expected profits and says the economic outlook is looking brighter.

Europe's biggest bank by assets reported income of $5.8bn (£4.2bn) for the January-to-March period, up from $3.2bn a year earlier.

Not surprised, last year they reduced the interest paid on my savings account from 1% to 0.1%. As soon as I get back to the UK I'm moving my savings elsewhere.

https://www.bbc.com/news/business-56897458

Mr K	27-04-2021 21:07

Re: HSBC Profits

Quote:

Originally Posted by Cobbydaler (Post 36078144)

You'll struggle to get much more than 0.4% on instant access savings. Premium bonds are the best bet atm (about 1% depending on your luck). Savers aren't welcome in the UK any longer !

Cobbydaler

27-04-2021 21:15

Re: HSBC Profits

Quote:

Originally Posted by Mr K (Post 36078147)

You'll struggle to get much more than 0.4% on instant access savings. Premium bonds are the best bet atm (about 1% depending on your luck). Savers aren't welcome in the UK any longer !

Well, 0.4% is better than 0.1%! Haven't had Premium Bonds since I was a teenager.

All times are GMT +1. The time now is 13:31.