HSBC Loyalty Cash ISA
Open up your ISA in minutes and be rewarded for your loyalty.
-
Open your account with just £1 Start your ISA savings with any amount from £1 and deposit up to £20,000 this tax year
-
Manage your HSBC savings easily Manage your account online, in branch or over the phone
-
Get the same great rates on transfers Transfer in existing cash ISAs and stocks and shares ISAs by completing and submitting a paper form
-
Save money your way Make regular payments or lump sum deposits - it's your choice
Open an HSBC Loyalty Cash ISA today
Please read the important product information and check eligibility before you apply.
Available to HSBC Current Account customers only
Key product information
How it works
With the Loyalty Cash ISA, we reward you for your loyalty as long as you pay at least £1 into your ISA each year. This exclusive variable loyalty rate applies for 12 months* from the date of each payment.
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 and you could subscribe up to £20,000 this tax year.
Question |
Answer |
---|---|
What is the account name? |
Loyalty Cash ISA |
What is the interest rate? |
Standard Rates for all accounts
Interest rate: 0.55% AER/tax free
Loyalty Rates
HSBC Premier Interest rate: 0.85% AER/tax free
HSBC Advance Interest rate: 0.75% AER/tax free
Other current accounts Interest rate: 0.65% AER/tax free
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? |
Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions. |
What would the estimated balance be after 12 months based on a £1,000 deposit? |
Standard Rates for all accounts
Interest rate: 0.55% AER/tax free Balance at end of 12 months: £1,005.50
Loyalty Rates
HSBC Premier Interest rate: 0.85% AER/tax free Balance at end of 12 months: £1,008.50
HSBC Advance Interest rate: 0.75% AER/tax free Balance at end of 12 months: £1,007.50
Other current accounts Interest rate: 0.65% AER/tax free Balance at end of 12 months: £1,006.50
For the purpose of this calculation it is assumed:-
Projection provided for illustrative purposes only and does not take into account individual circumstances. |
How do I open & manage my account? |
Eligibility:
How to open the account:
Minimum/Maximum Balance:
How to manage the account:
|
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 |
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. Subscribing to a cash ISA may affect your eligibility to subscribe to a Help to Buy: ISA
Definitions
Rates correct as at 03.09.2018 |
Question |
What is the account name? |
---|---|
Answer |
Loyalty Cash ISA |
Question |
What is the interest rate? |
Answer |
Standard Rates for all accounts
Interest rate: 0.55% AER/tax free
Loyalty Rates
HSBC Premier Interest rate: 0.85% AER/tax free
HSBC Advance Interest rate: 0.75% AER/tax free
Other current accounts Interest rate: 0.65% AER/tax free
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. |
Question |
Can HSBC change the interest rate? |
Answer |
Yes, the interest rate is variable. We can change the interest rate on this account, in line with the account's Terms and Conditions. |
Question |
What would the estimated balance be after 12 months based on a £1,000 deposit? |
Answer |
Standard Rates for all accounts
Interest rate: 0.55% AER/tax free Balance at end of 12 months: £1,005.50
Loyalty Rates
HSBC Premier Interest rate: 0.85% AER/tax free Balance at end of 12 months: £1,008.50
HSBC Advance Interest rate: 0.75% AER/tax free Balance at end of 12 months: £1,007.50
Other current accounts Interest rate: 0.65% AER/tax free Balance at end of 12 months: £1,006.50
For the purpose of this calculation it is assumed:-
Projection provided for illustrative purposes only and does not take into account individual circumstances. |
Question |
How do I open & manage my account? |
Answer |
Eligibility:
How to open the account:
Minimum/Maximum Balance:
How to manage the account:
|
Question |
Can I withdraw money? |
Answer |
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. |
Question |
Additional Information |
Answer |
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. Subscribing to a cash ISA may affect your eligibility to subscribe to a Help to Buy: ISA
Definitions
Rates correct as at 03.09.2018 |
How to apply
Apply online
Registered for online banking?
Simply apply online for our HSBC Loyalty Cash ISA using online banking.
Not registered yet?
If you’re already a customer, you can register for online banking.
How to make a transfer in
If you have existing cash ISAs with HSBC or another provider, you can transfer them into an HSBC cash ISA
just by completing and submitting a paper form. Please be sure to read the documents in the things you should know section. Please also print or save a copy of these for easy reference.
Transfer in by phone or branch
To transfer an existing HSBC cash ISA to the HSBC Loyalty Cash ISA, please call us on:
03457 404 404
For Premier customers: 03457 707 070
Alternatively, you can visit your local branch.
To help us continually improve our service, and in the interests of security for all parties, telephone calls may be monitored and/or recorded. Lines are open 8AM 8PM (Mon Sun) or 24 hours for Premier.
Transfer stocks and shares ISA
To transfer a stocks and shares ISA to the HSBC Loyalty Cash ISA, please submit your Stocks and Shares ISA to Loyalty Cash ISA Transfer Form (PDF) to a branch or to:
HSBC UK Bank plc
PO Box 6167, Coventry, CV3 9HL
Transfer in by post
To transfer a cash ISA to the HSBC Loyalty Cash ISA, please submit your HSBC Loyalty Cash ISA Form (PDF) to a branch or to:
HSBC UK Bank plc
PO Box 6167, Coventry, CV3 9HL
Additional information
Before applying, please take the time to read the following documents. You may also want to save them for future reference.
Important documents
Things you should know
Have you recently subscribed to your Loyalty Cash ISA?
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, 502KB).
Return it to us by post to the address on the form, call in to your local branch, or give us a call. If you need help with filling in the form, please ask a member of staff.
You might also be interested in
A stocks & shares ISA could be great way to start investing
Save with the HSBC Help to Buy: ISA and you could fast-track your way to purchasing your first home.
Find out more about tax efficient savings and how to make the most of your ISA allowance.