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.

Find out more
 

If you have existing cash ISAs with HSBC or any other provider, you may transfer into the HSBC Loyalty Cash ISA by completing and submitting a paper form.

Please ensure that you read the documents in the things you should know section.

We encourage you to print or save a copy of the documents for ease of reference.

Transfer in

Existing HSBC Cash ISA

To transfer an existing HSBC cash ISA to the HSBC Loyalty Cash ISA please call us on 03457 404 404 or for Premier customers 03457 707 070, alternatively visit your local branch.

Transfer cash ISA

To transfer a cash ISA to the HSBC Loyalty Cash ISA, please complete and submit your HSBC Loyalty Cash ISA Form (PDF) to a local branch or to the following address:

HSBC Bank plc
PO Box 6167
Coventry
CV3 9HL

Transfer stocks and shares ISA

Or to transfer a stocks and shares ISA to the HSBC Loyalty Cash ISA, please complete and submit your Stocks and Shares ISA to Loyalty Cash ISA Transfer Form (PDF) to a local branch or to the following address:

HSBC Bank plc
PO Box 6167
Coventry
CV3 9HL

Summary Box

Account name Loyalty Cash ISA
What is the interest rate?

What is the interest rate?

Loyalty Rate Standard Rate
HSBC Premier Rates 0.75% AER/tax free 0.45% AER/tax free
HSBC Advance Rates 0.65% AER/tax free 0.45% AER/tax free
Other Current Account Rates 0.55% AER/tax free 0.45% 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 the account's 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. 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?
Loyalty Rate Standard Rate
Interest Rate Balance at end of 12 months Interest Rate Balance at end of 12 months
HSBC Premier Rates 0.75% AER/tax free £1,007.50 0.45% AER/tax free £1,004.50
HSBC Advance Rates 0.65% AER/tax free £1,006.50 0.45% AER/tax free £1,004.50
Other Current Account Rates 0.55% AER/tax free £1,005.50 0.45% AER/tax free £1,004.50

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

Loyalty Rate Standard Rate
Interest Rate Balance at end of 12 months Interest Rate Balance at end of 12 months
HSBC Premier Rates 0.75% AER/tax free £1,007.50 0.45% AER/tax free £1,004.50
HSBC Advance Rates 0.65% AER/tax free £1,006.50 0.45% AER/tax free £1,004.50
Other Current Account Rates 0.55% AER/tax free £1,005.50 0.45% AER/tax free £1,004.50

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 UK 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 2017/18 tax year is £20,000. This can be saved in a cash ISA, a stocks and shares ISA, an innovative finance ISA or a lifetime 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 UK 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 to this ISA, 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 06.12.17

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