After a cash injection, our clients often look for the best rates to maximise their investment. Many clients we speak to have irregular expenditures and seek a solution without the restriction of a long-term deposit.
HSBC Innovation Banking’s Business Notice Account is an investment solution that addresses this challenge. The account gives you the benefit of comparatively higher-interest rates*, regular deposits and access to your cash funds after your chosen notice period. You can set up Business Notice Accounts for GBP, EUR and USD (others may be available on request, at our discretion) and use them on an ongoing basis, rather than going through the hassle of continuously opening multiple term deposits.
Your funds are restricted until you give notice of withdrawal, and the notice period is completed. Once the agreed notice period is over, you can access the cash. You would use these accounts alongside your current accounts to help maximise interest on excess working capital that you do not require on a regular basis.
* Compared to HSBC Innovation Banking’s standard corporate deposit account.