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, you will be prompted to activate your Secure Key when you log on.

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.

Find out more
 

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

Key facts

  • Open your account with just £1 You can start your ISA savings with any amount from £1.
    You could subscribe up to £15,000 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

Interest rates

Loyalty rate Standard Rate
HSBC Premier 1.60% AER (1.59% tax free) 0.50% AER (0.50% tax free)
HSBC Advance
HSBC Advance customers also have access to Save Together, subject to eligibility. Terms and conditions apply. See HSBC Advance for more information
1.50% AER (1.49% tax free) 0.50% AER (0.50% tax free)
Other 1.40% AER (1.39% tax free) 0.50% AER (0.50% tax free)

Key product information

How it works

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.

You can start your ISA savings with any amount from £1. You could subscribe up to £15,000 this tax year.

Summary box

Product name HSBC Loyalty Cash ISA
Interest rates We pay interest monthly at a variable rate.

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.

See current interest rates
Tax status Interest is paid tax-free, that is free from UK Income Tax and Capital Gains Tax.
Conditions for bonus payment There is no bonus payment with this account.
Withdrawal arrangements Withdrawals are free of charge.

Please note, if you withdraw money and wish to put it back at a later date during the same tax year, this will count against your annual ISA allowance. If you have already used up your annual ISA allowance, any money you withdraw cannot be put back in during the same tax year.
Access You can apply for an HSBC Loyalty Cash ISA online, via our Mobile Banking app, in branch, over the phone or by post. You can transfer in existing cash ISAs and stocks and shares ISAs by completing and submitting a paper form.

Once opened, you can manage your account online, in branch or over the phone.

Things to consider

An ISA is a tax efficient way of saving or investing as all income and capital gains arising within an ISA are exempt from any personal liability to UK Income Tax and Capital Gains Tax.

There are two types of ISA:

  • cash
  • stocks and shares

The value of the tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future.

The value of investments (and any income received from them) can fall as well as rise and you may not get back what you invested. For some investments this can also happen as a result of exchange rate fluctuations as shares and funds may have an exposure to overseas markets.

Recent HSBC Loyalty Cash ISA applications

If you already have an HSBC ISA, but haven't subscribed to it in the last tax year, you won't be able to subscribe in the current tax year unless you reactivate your ISA.

To reactivate your ISA and make further subscriptions, please download the
HSBC Loyalty Cash ISA Reactivation Form (PDF).

Return it to us by post to the address on the form or drop in to your local branch. If you need help with filling in the form, just ask a member of staff – they'll be happy to assist you.

How to apply

Definitions

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.

Gross is the interest rate before the deduction of tax applicable to interest on savings accounts.

Tax free free from personal liability to any UK Income Tax and Capital Gains Tax.

ISA stands for Individual Savings Account.

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