demoforce1
Master Member
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- Apr 1, 2018
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Can I continue the discussion on HSBC EGA account?
The term for the EGA account is 2% for 3 months, but you have to keep it for 6 months. Only 2% for 1st 3 months, subsequently, you can go for another fixed deposit account, but it may not be 2%. May even be below 1% because it is no longer fresh fund and they will not offer you the promotional rate. The total interest is $150 plus whatever they offer on the second 3 months.
On the other hand, their current time deposit account is 1.75% for 6 months. The total interest is $262. Is this a better deal?
I use 2 names for HSBC EGA account