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Education Savings Plan
Today's proper planning holds the key to a better tomorrow. Rewrite your future with My future savings plans.
Planning on sending your child to a good university for higher education? Take advantage of the Education Savings Plan from HSBC now and plan for your child's future accordingly. You can also save for your own education plans.
Benefits
- Attractive interest rates
- No sign-up fee
- No penalty for missed instalment
- Can be purchased in multiple units
- Initial deposit of BDT10,000 with monthly deposits of BDT5,000 (1 unit)
- Flexible tenure of 1, 2 or 3 years
Rewards
- For a 1-year scheme BDT100 bonus/unit will be paid at the end of the tenure if at least 10 instalments are deposited on time
- For a 2-year scheme BDT250 bonus/unit will be paid at the end of the tenure if at least 21 instalments are deposited on time
- For a 3-year scheme BDT550 bonus/unit will be paid at the end of the tenure if at least 32 instalments are deposited on time
Eligibility
- Any Bangladeshi between 18-60 years of age is eligible to open Education Savings Plan
Terms and Conditions
- Bank reserves the right to close the plan if the customer misses 3 consecutive instalments.
- If the plan is closed within one year, customers will get the deposited amount only and no interest will be paid for the plan.
- If the plan is closed after one year, customers will get the deposited amount along with the interest at the prevailing savings rate during the time of closure.
- Discontinuation fee will be charged if the plan is closed before end of the tenure.
*All of the above conditions are subject to change
*Other Conditions Apply
*Last updated in March, 2009
Need to know more
- Call now on 01199 FUTURE(388873), 01199 88HSBC(4722)
- Contact Us
