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HSBC offers £100 cashback to new investors

Written by: Emma Lunn
HSBC UK customers can pocket £100 cashback when they open an investment account with the bank.

To be eligible for the £100 cashback offer, customers must open a Global Investment Centre (GIC) account and invest a minimum of £4,000 within 30 days. GIC accounts can only be opened by HSBC UK customers who hold a HSBC current account or a Flexible Saver account.

Customers can choose from five different ways to invest, from personalised regulated advice on ready-made portfolios, to non-advised access to HSBC’s full range of more than 450 funds including index trackers.

For those who want to invest sustainably, there is a range of five fund portfolios which aim to invest more in companies with a higher ESG score average and a lower carbon footprint than the market.

James Hewitson, head of wealth management at HSBC UK, said: “Over £200 billion has been saved since lockdown began. While we’re all eager to spend now restrictions are lifting, consumers should also consider making their money work harder for them.

“If you have an emergency fund of three to six months of living costs and can afford to put away at least £50 a month, then investing can really help you grow your money. To help you get started we will provide £100 cash just in time for summer. This could be used towards a long-overdue trip to see a friend or relative, a meal out at your favourite restaurant, or even set aside for a rainy day.”

HSBC also offers £125 to customers switching their current account to an Advance or Premier bank account using the Current Account Switch Service.

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