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HSBC offers customer rewards

HSBC is introducing savings and rewards initiative for new and existing customers as part of its hat trick of ‘better banking’ moves.

The moves include: Waiving charges for its customers who withdraw from Link machines and other banks’ customers using HSBC machines. Cutting its variable mortgage rate by one per cent to 6.75per cent which will stay within 1 per cent of the Bank of England base rate — a measure which will also benefit its existing customers and launching a "stakeholder-ready" pension which is available from July 10.

HSBC spokesperson Victoria Lee says: "We are trying to ensure that our existing client base are rewarded rather than just benefiting our new customers."

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