Is the zero percent savings interest rate a shock? Not really. However, from a lowly HSBC customer's perspective, the HKD5000 minimum deposit requirement most certainly raises eyebrows. Not only is HSBC giving the lowest of low interest for deposits (0.01%), they're also charging customers HKD50 for having less than HKD5000 in their savings accounts.
There are plenty of people living and working in Hong Kong who don't have $5000 to their name. Is HSBC out of touch, or simply trying to filter out the poor? After the ATM Charge Incident, and the bank's silly marketing campaigns, I just might leave them in the dust pretty soon.
There are plenty of people living and working in Hong Kong who don't have $5000 to their name. Is HSBC out of touch, or simply trying to filter out the poor? After the ATM Charge Incident, and the bank's silly marketing campaigns, I just might leave them in the dust pretty soon.
Instead of helping me save money, HSBC spends money on stupid ads like this:
4 comments:
If I were HSBC, I'd leave the poor in the dust as well. Given the small interest spread, ultra-competitive banking industry, and high rental costs in Hong Kong, I'd want all my resources to serve the most lucrative customers. Sorry, poor man, you're out.
Bravo, HSBC. (Love the capitalists... or else...)
HSBC Australia are giving me 7.5% for my savings. I guess they need to be nice to the poor in Australia...for now.
Re: josekin
Then they should come out and say it already... stop yankin' my chain.
Plus, their cheapy, greedy tendencies may drive away the wealthy as well (who are often penny pinchers themselves).
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