HSBC Bank Canada launches high rate savings accounts for holders of British Pounds and Euros

    VANCOUVER, July 3 /CNW/ - As of July 7, 2008, Canadians looking to earn
more on their British Pound and Euro cash holdings will have a new option with
the launch of two new High Rate Savings Accounts at HSBC Bank Canada. HSBC's
new British Pound and Euro denominated High Rate Savings Accounts will
supplement the bank's existing Canadian and US Dollar High Rate Accounts.
    As Canada's most international bank, HSBC Bank Canada is a leader in
providing customers with a wide range of foreign currency savings options.
HSBC customers can choose to bank their savings in six major foreign
currencies: US Dollars (USD), Euros (EUR), British Pounds (GBP), Hong Kong
Dollars (HKD), Swiss Francs (CHF) and Japanese Yen (JPY). The two new
high-interest rate options will further extend HSBC's position as the Canadian
bank of choice for savers of multiple currencies.
    Tracy Redies, Executive Vice President, Personal Financial Services and
Wealth Management, HSBC Bank Canada said: "Canada is a very diverse nation
with cultural, business and investment links across the globe. The demand for
high interest rate accounts in currencies beyond the traditional Canadian and
US Dollar accounts reflects the evolving financial needs of our customers.
    "Many of our clients acquire their Euros or Pounds while travelling or
doing business in Europe while others receive pensions from Europe or Britain
in these currencies. Having access to these new savings accounts will help
them manage their funds safely and efficiently while at the same time earning
a higher return than with traditional savings accounts."
    HSBC Bank Canada customers who deposit new funds into any of the four
High Rate Savings Accounts (USD, CAD, GBP and EURO) before September 30th,
2008 will receive a half percentage point (0.5 %) interest rate bonus on their
new deposits. Full details of the offer are available in any HSBC Bank Canada
branch, at or through HSBC's telephone banking channel.

    HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 180
offices and is the leading international bank in Canada. With around 10,000
offices in 84 countries and territories and assets of US$2,354 billion at 31
December 2007, the HSBC Group is one of the world's largest banking and
financial services organizations.

For further information:

For further information: Media enquiries: Ernest Yee, Assistant Vice
President, Public Affairs, HSBC Bank Canada, (604) 641-2973; Michael Edmonds,
Senior Manager, Public Affairs, HSBC Bank Canada, (416) 868-3878

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