Withdrawal Means No Interest
HSBC’s Online Saver account has a high headline rate of 4.75% on balances of £500 and above. But you don’t receive any interest in months when you make a withdrawal. For other scams, and detailed information about HSBC, see our Knowledge Base.
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We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
Do you have something in writing in their terms and conditions that says this? Can you post that, or provide a link?
The posting came from a piece in The Sunday Times May 07, 2006. The article is here:
http://business.timesonline.co.uk/article/0,,9558-2168097,00.html