HSBC Loyalty Cash ISA
Open up your ISA in minutes and be rewarded for your loyalty.
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Start with any amount from £1 and deposit up to £20,000 this tax year
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Receive a loyalty rate for 12 months from the date of each payment into your ISA
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Get the same rates when transferring in existing cash ISAs and stocks and shares ISAs
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Make regular payments or lump sum deposits - it's your choice
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Use to reach your savings goals. Set up and track your savings goal in the HSBC Mobile Banking app.
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. 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).
Our ISA isn’t a flexible cash ISA, so any money withdrawn will not change how much of your annual ISA subscription limit you have already used. If you have fully subscribed, you will need to wait until the next tax year to subscribe more funds.
Summary box
Account name
Loyalty Cash ISA
What is the interest rate?
| Account type | Loyalty rate | Standard rate |
|---|---|---|
| HSBC Premier | 2.50% AER (2.47% tax-free) | 2.10% AER (2.08% tax-free) |
| Other current accounts | 2.30% AER (2.28% tax-free) | 2.10% AER (2.08% tax-free) |
| Account type | HSBC Premier |
|---|---|
| Loyalty rate | 2.50% AER (2.47% tax-free) |
| Standard rate | 2.10% AER (2.08% tax-free) |
| Account type | Other current accounts |
| Loyalty rate | 2.30% AER (2.28% tax-free) |
| Standard rate | 2.10% AER (2.08% tax-free) |
Interest is variable, 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.
Can HSBC change the interest rate?
Yes. The account pays a variable rate of interest, which means it can change over time. The HSBC Cash ISA Terms and Conditions explain when and how we do this. For example, we might review the interest rate if the Bank of England base rate changes.
What would the estimated balance be after 12 months based on a £1,000 deposit?
| Initial deposit |
Rate | Interest rate | Balance at the end of 12 months |
|---|---|---|---|
| £1,000 | HSBC Premier loyalty rate | 2.50% AER (2.47% tax-free) | £1,025.00 |
| £1,000 | Other current accounts loyalty rate | 2.30% AER (2.28% tax-free) | £1,023.00 |
| £1,000 | Standard rates for all accounts | 2.10% AER (2.08% tax-free) | £1,021.00 |
| Initial deposit |
£1,000 |
|---|---|
| Rate | HSBC Premier loyalty rate |
| Interest rate | 2.50% AER (2.47% tax-free) |
| Balance at the end of 12 months | £1,025.00 |
| Initial deposit |
£1,000 |
| Rate | Other current accounts loyalty rate |
| Interest rate | 2.30% AER (2.28% tax-free) |
| Balance at the end of 12 months | £1,023.00 |
| Initial deposit |
£1,000 |
| Rate | Standard rates for all accounts |
| Interest rate | 2.10% AER (2.08% tax-free) |
| Balance at the end of 12 months | £1,021.00 |
For the purpose of this calculation, it is assumed:
- Initial deposit is £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 and manage my account?
Eligibility:
- Aged 18 years or over
- You must provide your National Insurance number if eligible to hold one. You can check if you're eligible and apply for one online at GOV.UK - use their search tool and look under national insurance
- In addition, in order to subscribe you need to be 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
How to open the account:
- This account can only be opened in a sole name
- Open an account via online banking, in branch or by post
- Or you can transfer current and/or previous tax years' subscriptions by completing an ISA transfer form
Minimum/maximum balance:
- A minimum of £1 must be deposited to open the account
- 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
- No maximum balance
How to manage the account:
- Once opened, the account can be managed via online banking or the HSBC Mobile Banking app, where you can chat to us 24/7
- You can also manage the account via telephone banking or in branch
Can I withdraw money?
Yes, you have instant access to your account. You can make as many fee-free withdrawals as you like. However, as our ISA isn’t a flexible cash ISA, any amount withdrawn will not change how much of your annual ISA subscription limit you have already used. If you have fully subscribed, you will need to wait until the next tax year to subscribe further funds.
If you withdraw funds from your ISA you will lose the associated future tax benefits associated with holding that money in an ISA.
Additional Information
A 30 day cancellation period applies to this account.
You can check if you're eligible for a National Insurance number and apply for one online at GOV.UK - use their search tool and look under national insurance.
Interest is paid tax-free, that means it is paid free from UK Income Tax and Capital Gains Tax.
The value of tax benefits provided by a cash ISA depends on your personal circumstances, and tax treatment of ISAs could change in the future.
Subscribing to a cash ISA with HSBC UK Bank plc may affect your eligibility to subscribe to a HSBC 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 3 June 2025
How to apply
Apply online
Registered for online banking?
You can apply online in minutes if you already have an HSBC current account (other than a Basic Bank Account) and are registered for online banking.
You’ll need to contact us to apply if you:
- Have a Basic Bank Account with us
- Need to update your tax residency or have multiple tax residencies
- Are a non-resident UK Crown servant serving overseas, or be married to, or in a civil partnership with, such a person
Not registered yet?
It only takes a few minutes and once you receive your security details you can apply online right away.
Reactivating your ISA
If you have an HSBC Loyalty Cash ISA and haven't added to it in the last year, you'll need to reactivate your ISA before you are able to top it up.
Our online reactivation form is the quickest way to do this.
Combining your ISAs
If you have more than one HSBC Loyalty Cash ISA, you can combine them.
Our online combination form is the quickest way to do this.
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
Frequently asked questions
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