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At a glance


Tax-free savings, with a fixed rate for up to 13 months. For current account customers only.

Interest rate

Fixed for up to 13 months: 4.45% AER (4.45% tax free).

We calculate interest daily and credit this at the end of the fixed term.

Often used for

Saving up to £20,000 with the peace of mind of a fixed tax-free interest rate for one year (restrictions apply)

Tax free means it's paid free from UK Income Tax and Capital Gains Tax


Partial withdrawals are not allowed and to access funds early the account will need to be closed. Early withdrawal fee of up to 90 days' interest.

Balance/deposit requirements

Min: £500

Max: No maximum balance.

The overall annual ISA subscription limit is subject to change every year (currently £20,000). Within this, the Lifetime ISA has its own annual payment limit (currently £4,000). You can only subscribe to one type of cash ISA and one type of stocks and shares ISA in the same tax year across HSBC and first direct.

Who can apply?

Eligibility criteria

  • Aged 18 or over
  • Resident in the UK for tax purposes, or if not so resident, be a UK Crown servant serving overseas, or be married to, or in a civil partnership with, such a person
  • Hold an HSBC current account

Find out more

Please read the full product information before you apply

Additional information

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