Cash ISA - HSBC UK

HSBC Loyalty Cash ISA

Open up your ISA account 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 a HSBC Loyalty Cash ISA today

How to apply for a HSBC Loyalty Cash ISA

How to transfer in to a HSBC Loyalty Cash ISA

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.

Summary box
Question	Answer
What is the account name?	Loyalty Cash ISA
What is the interest rate?	Standard rates for all accounts Interest rate: 0.45% AER/tax free Loyalty rates HSBC Premier Interest rate: 0.75% AER/tax free HSBC Advance Interest rate: 0.65% AER/tax free Other current accounts Interest rate: 0.55% 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?	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: 0.45% AER/tax free Balance at end of 12 months: £1,004.50 Loyalty rates HSBC Premier Interest rate: 0.75% AER/tax free Balance at end of 12 months: £1,007.50 HSBC Advance Interest rate: 0.65% AER/tax free Balance at end of 12 months: £1,006.50 Other current accounts Interest rate: 0.55% AER/tax free Balance at end of 12 months: £1,005.50 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?	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 2018/19 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?	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. 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 06.04.18

Summary box
Question	What is the account name?
Answer	Loyalty Cash ISA

Question	What is the interest rate?
Answer	Standard rates for all accounts Interest rate: 0.45% AER/tax free Loyalty rates HSBC Premier Interest rate: 0.75% AER/tax free HSBC Advance Interest rate: 0.65% AER/tax free Other current accounts Interest rate: 0.55% 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.

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: 0.45% AER/tax free Balance at end of 12 months: £1,004.50 Loyalty rates HSBC Premier Interest rate: 0.75% AER/tax free Balance at end of 12 months: £1,007.50 HSBC Advance Interest rate: 0.65% AER/tax free Balance at end of 12 months: £1,006.50 Other current accounts Interest rate: 0.55% AER/tax free Balance at end of 12 months: £1,005.50 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.

Question	How do I open & manage my account?
Answer	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 2018/19 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

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. 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 06.04.18

How to apply

To open an HSBC Loyalty ISA, you need to be:

aged 16 or over
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)
an HSBC current account holder

Apply online

Registered for online banking?
Simply apply online for our HSBC Loyalty Cash ISA using online banking.

Log on and apply for HSBC Loyalty Cash ISA This link will open in a new window

Not registered yet?
If you’re already a customer, you can register for online banking.

Apply in branch

Call in at any branch and either complete an HSBC Loyalty Cash ISA (PDF) application form or ask a member of staff to help.

Find a branch

Apply by phone

To find out more, or to apply for a Loyalty Cash ISA, call us on
0800 032 4729

Lines are open 8am to 8pm every day (excluding Christmas Day, Boxing Day and New Year’s Day).

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Apply by post

Complete and submit your HSBC Loyalty Cash ISA form (PDF) to:

HSBC Bank plc
PO Box 6167
Coventry
CV3 9HL

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 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 Bank plc, PO Box 6167, Coventry, CV3 9HL

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 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.

Frequently Asked Questions

Because of their tax advantages ISAs are subject to annual subscription limits. For the tax year commencing 6 April 2018 the overall ISA subscription limit is £20,000. This can be saved in a cash ISA, a stocks and shares ISA, an innovative finance ISA* or a Lifetime ISA* provided the total amount doesn’t exceed £20,000 and no more than £4,000 is paid in to a Lifetime ISA.

You cannot subscribe to more than one of each type of ISA per tax year.

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.

* Please note HSBC do not offer an innovative finance ISA or a lifetime ISA at the current time.

Yes and we have made it easy for you to transfer existing cash ISAs and stocks and shares ISAs held with other providers. To transfer in a cash ISA, simply download and complete the transfer sections on either the HSBC Loyalty Cash ISA form (PDF), Variable Rate Cash ISA form (PDF) or the Cash e-ISA form (PDF) depending on the type of ISA you hold and return it to us at the following address:

HSBC Bank plc, PO Box 6167, Coventry CV3 9HL

To transfer a stocks and shares ISA, simply complete either the Stocks and Shares ISA to Loyalty Cash ISA Transfer Form (PDF), Stocks and Shares ISA to Variable Rate Cash ISA Transfer Form (PDF) or the Stocks and Shares ISA to a Cash e-ISA Transfer Form (PDF) depending on the type of ISA you hold and return it to us at the following address:

HSBC Bank plc, PO Box 6167, Coventry CV3 9HL

Alternatively, drop it in at your local HSBC branch. You can also visit the branch for help from a member of staff.

If you hold an HSBC Loyalty Cash ISA then you have instant access to your funds and no charge will be made for withdrawals. However once you've fully subscribed your annual ISA allowance in a tax year any amount withdrawn cannot be replaced.

If you hold an HSBC Variable Rate Cash ISA or HSBC Cash e-ISA (no longer on sale) then you have instant access to your funds and no charge will be made for any withdrawals. However once you've fully subscribed your annual ISA allowance in a tax year any amount withdrawn cannot be replaced.

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HSBC Loyalty Cash ISA

HSBC Loyalty Cash ISA

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

Key product information

How it works

Summary box

Summary box

How to apply

Are you eligible?

Apply online

Apply in branch, by post or by phone

How to make a transfer in

Transfer in by phone or branch

Transfer in by post

Transfer stocks and shares ISA

Additional information

Important documents

Things you should know

You might also be interested in

World Selection ISA

Help to Buy: ISA

ISAs

Frequently Asked Questions

What are the ISA subscription limits?

Can I transfer an existing ISA from another provider?

Can I make withdrawals from my ISA?

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