HSBC Regular Saver Marketing Material Misleads Senior Citizen
It looks like the United States is not the only place where you may not get what you were told by HSBC. (see daily customer complaints). And it seems senior citizens are targeted in the U.K. as well as in the United States.
HSBC could face a rush of claims after it paid more than £100 in compensation to a customer who complained that the marketing material on its 8% Regular Saver account was misleading. Ian Kemp, 67, opened the account last summer in the belief that he could pay a maximum of £250 into it per month and receive 8% (6.4% after tax) on the maximum deposit of £3,000 at the end of the first year. However he learned in August that he had received a sum after tax equal to 4.31% of £3,000, as the interest was compounded over the year.
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[…] Research wrote an interesting post today on HSBC Regular Saver Marketing Material Misleads Senior CitizenHere’s a quick excerptIt looks like the United States is not the only place where you may not get what you were told by HSBC. (see daily customer complaints). And it seems senior citizens are targeted in the UK as well as in the United States. … […]