HSBC Online Banking activation

We're currently making improvements to our Online Banking service.

If you registered for Online Banking prior to the 17th December 2014 it's not possible for you to activate your existing Secure Key and you will need to re-start your registration.

If you registered for Online Banking after this date, please log on to Online Banking entering your username, memorable answer and your password, from here you will be prompted to activate your Secure Key.

We apologise for any inconvenience which this delay may cause. Once you are registered, we look forward to introducing you to Online Banking, including the exciting enhancements we're working on now.

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Open an account within minutes and be rewarded for your loyalty when you pay at least £1 into the ISA each year. The variable loyalty rate applies for 12 months* from the date of each payment. Upon the expiry of your Loyalty rate period, you will earn a standard rate of interest until you make a further payment. Available exclusively to HSBC customers.

*12 months is calculated as 366 days for interest purposes to allow for leap years

Do ISAs confuse you?

Why not watch our ISA video guide, plus find out about our full range of ISAs.

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Key facts

  • Open your account with just £1 You can start your ISA savings with any amount from £1.
    You could subscribe up to £15,240 this year.
  • Manage your HSBC savings easily Manage your account online, in branch or over the phone.
  • Get the same great rates on transfers in You can transfer in existing cash ISAs and stocks and shares ISAs by completing and submitting a paper form.
  • Save money your way Monthly payments or lump sum deposits - it's up to you.

Eligibility requirements

In order to open an HSBC Loyalty ISA you must:

  • be aged 16 or over
  • be a resident in the UK for tax purposes. Crown Servants (typically Diplomats or members of the Armed Forces serving abroad and/or their spouses/civil partners) are also eligible
  • hold an HSBC current account

How to apply

Key product information Show more

Summary Box

Account name Loyalty Cash ISA
What is the interest rate?

What is the interest rate?

Rate Interest Rate effective up to 24 January 2017 Interest Rate effective from 25 January 2017
Premier Standard Rate 0.50% AER/tax free 0.20% AER/tax free
Loyalty Rate 0.90% AER/tax free 0.50% AER/tax free
Advance Standard Rate 0.50% AER/tax free 0.20% AER/tax free
Loyalty Rate 0.80% AER/tax free 0.40% AER/tax free
Other Current Accounts Standard Rate 0.50% AER/tax free 0.20% AER/tax free
Loyalty Rate 0.70% AER/tax free 0.30% AER/tax free

Interest is calculated daily and credited to the account monthly.

A Loyalty rate applies for 12 months* from the date of each payment into your ISA. If you make further payments into your ISA, your Loyalty rate period will begin again from the date of each payment. Upon the expiry of your Loyalty rate period, you will earn a standard rate of interest until you make a further payment.

* 12 months is calculated as 366 days for interest purposes to allow for leap years.

Can HSBC change the interest rate?

Can HSBC change the interest rate?

Yes, we can change the interest rate on this account in line with clauses 22 to 26 within the Loyalty Cash ISA Terms and Conditions:

  • If we increase the rate of interest, we'll either tell you personally within 31 days, or within 3 working days provide the details in a notice in the press and on our Rates and Charges notice in branches. We'll also display this information on our website.
  • If we reduce the rate of credit interest we'll tell you personally at least two months in advance
What would the estimated balance be after 12 months based on a £1,000 deposit?
Effective up to 24 January 2017 Effective from 25 January 2017
Rate Balance at end of 12 months Rate Balance at end of 12 months
Premier Standard Rate 0.50% AER/tax free £1,005 0.20% AER/tax free £1,002
Loyalty Rate 0.90% AER/tax free £1,009 0.50% AER/tax free £1,005
Advance Standard Rate 0.50% AER/tax free £1,005 0.20% AER/tax free £1,002
Loyalty Rate 0.80% AER/tax free £1,008 0.40% AER/tax free £1,004
Other Current Accounts Standard Rate 0.50% AER/tax free £1,005 0.20% AER/tax free £1,002
Loyalty Rate 0.70% AER/tax free £1,007 0.30% AER/tax free £1,003

What would the estimated balance be after 12 months based on a £1,000 deposit?

Effective up to 24 January 2017 Effective from 25 January 2017
Rate Balance at end of 12 months Rate Balance at end of 12 months
Premier Standard Rate 0.50% AER/tax free £1,005 0.20% AER/tax free £1,002
Loyalty Rate 0.90% AER/tax free £1,009 0.50% AER/tax free £1,005
Advance Standard Rate 0.50% AER/tax free £1,005 0.20% AER/tax free £1,002
Loyalty Rate 0.80% AER/tax free £1,008 0.40% AER/tax free £1,004
Other Current Accounts Standard Rate 0.50% AER/tax free £1,005 0.20% AER/tax free £1,002
Loyalty Rate 0.70% AER/tax free £1,007 0.30% AER/tax free £1,003

For the purpose of this calculation it is assumed:-

  • Initial deposit of £1,000
  • No further deposits
  • No withdrawals
  • No change to the interest rate during the 12 months

Projection provided for illustrative purposes only and does not take into account individual circumstances.

How do I open & manage my account?

How do I open & manage my account?

Eligibility:

  • Aged 16 years or over
  • Be resident in the UK for tax purposes, or if not so resident, be a Crown employee serving overseas, or be married to, or in a civil partnership with, such a person
  • Hold an HSBC current account

How to open the account:

  • Open an account via Online Banking, Telephone Banking, the HSBC Mobile Banking App, in branch or by post
  • Or you can transfer current or previous years subscriptions by completing an ISA transfer form

Minimum/Maximum Balance:

  • A minimum of £1 must be deposited to open the account
  • The maximum amount you can deposit is subject to annual subscription limits. The annual subscription limit for the 2016/17 tax year is £15,240. This can be saved in a cash ISA, a stocks and shares ISA or an innovative finance ISA with either the same or different providers.
  • The maximum balance you can hold is subject to the ISA Regulations

How to manage the account:

  • Once opened you can manage the account via Online Banking, Telephone Banking, the HSBC Mobile Banking App or in branch
Can I withdraw money?

Can I withdraw money?

Yes, you have instant access to your account. You can make as many fee free withdrawals as you like. However once you have paid in the maximum annual subscription limit, any amount withdrawn can not be replaced until the following tax year.

If you withdraw funds from your ISA you will lose the associated tax benefits.

Additional Information

Additional Information

A 30 day cancellation period applies to this account.

Interest is paid tax-free, that is free from UK Income Tax and Capital Gains Tax.
The value of tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future.

Subscribing to a cash ISA may affect your eligibility to subscribe to a Help to Buy: ISA

Definitions

  • AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.
  • Tax free, free from personal liability to any UK Income Tax and Capital Gains Tax
  • ISA stands for Individual Savings Account

Rates correct as at 14.11.16

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