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HSBC Profits
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Old 27-04-2021, 20:58   #1
Cobbydaler
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HSBC Profits

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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
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Old 27-04-2021, 21:07   #2
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Re: HSBC Profits

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Originally Posted by Cobbydaler View Post
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
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 !
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Old 27-04-2021, 21:15   #3
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Re: HSBC Profits

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Originally Posted by Mr K View Post
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.
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