The banking giant has brought back its £175 golden hello for those switching to its Advance Account, and has also introduced sweeteners for its Basic and Premier bank accounts. In order to get the £175 upfront cash bonus, customers must switch to HSBC's Advance Account using the Current Account Switch Service, and pay in £1,750 a month.
FTSE CLOSE: Shares in the green as US eases Huawei sanctions; Jamie Oliver's restaurant empire collapses; Nationwide profits slump; Tesco Bank quits mortgages
The UK bluechip index ended the day in positive territory, and the pound, having slipped towards $1.26 in the morning, rose again above $1.27 in the afternoon. In company news, Jamie Oliver's restaurant chains collapsed into administration, making around 1,000 staff members redundant. Nationwide has reported its annual profits slumped by 19 per cent, while retailer Halfords said its profits have slid 24 per cent. Elsewhere Tesco Bank has revealed it is quitting the mortgage market, with plans to end new lending and sell off the book.
Turn your hobbies into a fortune: From selling cheese to flogging antiques and playing detective, how to make money doing something you enjoy
Getting paid to do something you love is a no-brainer. So why not try turning your favourite pastime into a prosperous career? Here, Leah Milner And Rosie Taylor speak to six inspiring entrepreneurs, all aged over 50, about how they have succeeded in doing just that. Pictured: In 2016, John, who is now 70, and his eldest daughter Clare Jackson, 42, bought a delicatessen in Aldeburgh, Suffolk.
Why it's NEVER too late to make a mint: Multi-millionaire and Dragons' Den star Deborah Meaden's tips on how to be a successful entrepreneur
Dragons' Den star Deborah Meaden offers her advice on becoming a successful entrepreneur at any age. Despite turning 60 this year, Deborah has no intention of putting her feet up any time soon. We caught up with her after a long day of filming for the 17th series of the popular BBC show, which airs this summer. 'Retirement has never, ever crossed my mind,' she says. 'And I honestly can't imagine when or why it would. If you're doing the thing you love, why on earth would you want to stop doing it?'
Britain's insurance blackspots revealed: Report shows where customers are cancelling policies they can no longer afford
Research has found that 38 per cent of people had cancelled one or more insurance policies over the past three years because they could no longer afford them. In in 56 per cent of these cases, cancellations occurred in the past 12 months. Respondents cited both a rise in the cost of insurance and a drop in income as their reason for cancelling.
How to add £40,000 to the value of your home by spending £4,000: Phil Spencer's ten tips to boost your property
Phil Spencer, who hosts popular TV shows such as Location, Location, Location, reveals some of his simple value-adding tips, such as naming your house and hanging mirrors. He notes that homeowners should also never underestimate the importance of 'kerb appeal' - as it's the first impression you get when you approach a property from the street. Freshly painted window frames will show that your home is well-maintained and dispel any buyers' fears that more serious problems lurk within.
MARKET REPORT: Stock at Theme park operator Merlin Entertainments tumbles by 6.7% as waxworks deal leaves brokers cold
Theme park operator Merlin Entertainments was hoping the announcement of its first Madame Tussauds franchise would cheer investors. But instead, a double downgrade from analysts at HSBC rained on its parade as shares tumbled by 6.7 per cent, or 25.1p, to 350p. The first Tussauds franchise is set to open later this year in Prague. Though the waxworks brand already operates sites around America and Asia, as well as its famous London tourist attraction, the deal with the Wax Museum Prague is the first time Merlin will allow another business to use its name and know-how. The entertainment company hopes such deals will allow it to expand without having to spend as much buying property and employing staff.
Vodafone has cut its payout and other big guns may follow, but don't panic! Here's where investors can get 4% or more from dividends
When a company cuts its dividend payments, it can send many a chill through the wallets of shareholders, especially when that income is apart of their financial armoury. Vodafone cut its payout this week and there are fears that other big payers could follow suit. So where should investors look now for reliable, well-covered income.
Fancy an extra £10,000 over the next year? From savings to mortgages, motoring and even lunch, here are 20 golden deals to save you money
Follow our definitive list of the 20 best deals right now and that cause the least trouble to achieve. No need to turn off the lights or live on bread and water. It is simply a case of searching for value for money in everything from your bank account to what you wear and how you keep fit. Read our list to check what we think are among the best deals out there, use our helpful money-saving tools and tell us if you know of a better deal.
After leaving Bucks Fizz I ended up on the dole: Jay Aston went from Eurovision stardom to skint... but then made £1,000 for singing one song
Jay Aston, pictured right, was one of the four members of the Eurovision winning British band Bucks Fizz, main picture, but after years with them she left in 1993. She says the fallout saw her lose her London home and end up on unemployment benefits. Since then she has picked things back up and once earned £1,000 for singing one song. Now Jay is back out touring with former bandmates Cheryl Baker and Mike Nolan.
Amazon took £1,000 from my account for mystery gift cards that I didn't order: TONY HETHERINGTON investigates
Amazon emailed to say it was putting my account on hold because my card issuer disputed an order for a large number of Amazon gift cards costing £1,000. I told Amazon I did not order the cards, nor had I received them. Amazon confirmed the order was cancelled, but then it collected the £1,000 from my account anyway.
How to get rich... by those who've done it: Now YOU can learn the secrets to making a fortune like Richard Branson in part one our life-changing series
Many of us long to be rich, but assume it will never happen unless we win the lottery one day. But building up a fortune is not magic - rich people do not belong to an elite money-making club that is closed to the rest of us. The truth is that many well-off individuals are simply people who have worked hard, made some sensible decisions and benefited from a smattering of good luck. And the good news is, as Richard Branson says, it's never too late to start growing your wealth.
House sales, pensions and the personal allowance: If a future Chancellor John McDonnell wanted a universal basic income, could these tax reliefs be under threat?
How does £48 a week for everyone in the country, rich or poor, sound to you? The idea of the state paying its citizens pocket money might sound far-fetched, but it's a possibility under a Labour Government if it wins the next election. The scheme is known as Universal Basic Income, and is an idea gaining increasing popularity among both those on the left and tech entrepreneurs in Silicon Valley
My upstairs neighbour took up her carpets and now I hear every move: Our lease says floors must be covered, but how do I enforce the rules?
I can hear people talking, walking around and anything else that goes on up there, in both my living room and bedroom - and she is letting out a room on Airbnb, which is compounding the problem. I checked our lease and it says that she must keep the floors covered, but I don't know how I could enforce this.
Would being richer make you happy? The This is Money podcast on how to work out how wealthy you are... and whether it matters
There are no shortage of cautionary tales that tell us it is better to be happy than rich, but does it matter if some people have an awful lot more money than others? We dive into the snapshot of Britain that arrived with a new study into inequality, explain how to work out how rich you are and where you stand among Britain's earners, and discuss how to make things better.
There are 31 investment trusts currently yielding at least 4 per cent, with some offering dividend yields as high as 6.3 per cent. This includes UK equity income stalwarts City of London and Edinburgh IT which are yielding 4.5 per cent and 4.6 per cent respectively. We reveal investment firm Stifel's list of the highest-yielding trusts so you can boost your income in a dismal low interest rate environment.
The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?
What next for interest rates? Bank tipped to hold for most of 2019, as inflation stays low and Brexit is extended
Lower than expected inflation figures have added weight to expectations that interest rate rises will remain on hold throughout most of 2019. This combined with the Brexit extension is forecast to keep monetary policy steady, with rates held at 0.75 per cent. While unemployment is low and wages are rising, there are still concerns over Britain's consumer economy and business investment being stalled by continuing Brexit uncertainty.
The average two-year fixed rate mortgage rate has crept up by 0.13 per cent in the past month, possibly showing the first signs that the ongoing price war between lenders is drawing to a close.
Buy-to-let is much tougher than it once was. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips
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|Updated 21 May 2019.|
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