Low Interest HSBC ISA

Welshy81

Hi, I'm looking for a bit of advice. I currently have a tax haven ISA with Barclays which has reached is maximum investment limit for 08/09. I also have an older ISA with HSBC where I have £6800 saved in the account but when I recently checked with HSBC they were only paying an interest rate of approx. 4.49% (maybe even slightly lower).

I just wanted to know if there is a better way of making the money in the HSBC ISA work harder for me in terms of gaining more interest?

Any advice is appreciated.

Thanks

Jonbvn

Welshy81 wrote: »

I just wanted to know if there is a better way of making the money in the HSBC ISA work harder for me in terms of gaining more interest?

You can transfer the money in the HSBC ISA to another provider. DO NOT WITHDRAW THIS MONEY FROM HSBC ISA! See this link for details.

• Variable rate mini cash isa's that accept transfers in:
• Alliance & Leicester Easy ISA - 6.00% :starmod: NEW :starmod:
  Rate guarantee? No. Minimum deposit: £1. Operated via: Internet and Telephone.
  Notes: Rate includes a 1.00% bonus payable to 31.09.2009.
• IceSave Easy Access ISA - 6.10% :starmod: NEW :starmod:
  Rate guarantee? Yes, but not at the current rate. Guarantees to be at least 0.30% above BOE base rate until 31st January 2011 and then at least BOE base rate until 31st January 2013.
  Minimum deposit: £1,000. Operated via: Internet.
• Abbey Direct ISA (issue 2) - 6.00% :starmod: NEW :starmod:
  Rate guarantee? Yes. Enhanced rate for 13 months following which the rate will reduce depending on amount invested.
  Minimum deposit: £1. Operated via: Internet and Telephone and Post.
  Notes: Can be opened but not operated via an Abbey branch.
• Birmingham Midshires Direct ISA (issue 3) - 6.00% :staradmin NEW RATE :staradmin
  Rate guarantee? Yes, but not at the current rate. Rate guaranteed to beat AER on ING Direct Cash ISA by at least 0.25% until 01.01.2010.
  No. Minimum deposit: £1. Operated via: Post.
  Notes: Your interest is calculated daily and credited annually on the anniversary of your first deposit.
• Principality BS e-ISA - 6.00% :starmod: NEW :starmod:
  Rate guarantee? No. Minimum deposit: £1. Operated via: Internet.
  Important: Initial deposit must be by cheque. Transfers in are permitted subject to a deposit for 2007/08 ISA year being made simultaneously.
• Kent Reliance BS Direct mini cash ISA - 5.76% :staradmin NEW RATE :staradmin
  Rate guarantee? No. Minimum deposit: £1. Operated via: Post.
• Leek BS Tax Friendly ISA - 5.25% :staradmin NEW RATE :staradmin
  Rate guarantee? No. Minimum deposit: £10. Operated via: Branch.
  
  
  Variable rate mini cash isa's requiring notice to be given & accepting transfers in:
  
  In order to withdraw from or transfer a notice mini cash ISA you do need to give the required number of days notice. Failing to do so, usually incurs a loss of interest penalty. If you are choosing a notice ISA please ensure you are able to meet the notice period.
• Ruffler Bank (30 days notice) cash ISA - 6.25% AER
  Rate guarantee? No.
  Minimum deposit: Now reduced to £3,600 see here. Operated via: Post.
  Important: Have not subscribed to the Banking Code, but is a member of the Financial Services Compensation Scheme (FSCS).
• Saffron BS (180 days notice) mini cash ISA 2 - 5.55% :staradmin NEW RATE :staradmin
  Rate guarantee? Yes. Guarantees to pay BOE base rate + 0.55% for balances over £1,000. Minimum deposit: £1,000. Operated via: Branch or Post.
  Important: As it's name states, this isa required 180 days notice to be given.
  
  
  Fixed rate mini cash isa's that accept transfers in:
  
  If you are choosing a fixed rate mini cash ISA - do ensure that you can leave the money untouched until the ISA matures, as making a withdrawal or transferring out before the ISA has matured will usually incur a loss of interest penalty.
  
  1 Year Fixes:
• Principality BS Direct Fixed rate ISA (issue 36) - 6.35% (fixed until 05.04.2009) :starmod:NEW :starmod:
  Minimum deposit: £3,600.
• Britannia BS Fixed Rate Anniversary ISA - 6.30% (fixed until 30.09.2009) :starmod:NEW :starmod:
  Minimum deposit: £3,600.
• Northern Rock Fixed Rate ISA - 6.15% (fixed until 15.07.2009) :starmod:NEW :starmod:
  Minimum deposit: £1.
  Notes: The Bank of England has given emergency financial support to Northern Rock to help with it's cash flow. For more info read the BBC Q&A: Northern Rock crisis.
• Bath BS Premier ISA - 6.15% (fixed until 05.04.2009).:starmod:NEW :starmod:
  Minimum deposit: £1.
• Birmingham Midshires Fixed Rate ISA - 6.15% :starmod:NEW :starmod:
  Minimum deposit: £1.
  Notes: Fixed for one year from ISA opening.
• Norwich & Peterborough BS 1 Year Fixed Rate ISA - 6.05% :starmod:NEW :starmod:
  Minimum deposit: £3,600.
  Notes: Fixed for one year from account opening.
• Yorkshire BS Fixed Rate Anniversary ISA - 6.00% (fixed until 30.06.2009) :starmod: NEW :starmod:
  Minimum deposit: £100.
• Halifax Fixed Rate ISA - 6.00% (fixed for 1 year from opening date) :starmod:NEW :starmod:
  Minimum deposit: £500+.
  
  
  2 Year Fixes:
• West Brom 90 Day Notice Fixed Rate ISA - 6.35% (fixed until 05.04.2010) :starmod:NEW :starmod:
  Minimum deposit: £1,000.
• Halifax Fixed Rate ISA - 6.00% (fixed for 2 years from opening date) :starmod:NEW :starmod:
  Minimum deposit: £500+.
  
  
  3 Year Fixes:
• Northern Rock Fixed Rate ISA - 6.30% (fixed until 15.08.2011) :starmod:NEW :starmod:
  Minimum deposit: £500+.
• Halifax Fixed Rate ISA - 6.00% (fixed for 3 years from opening date) :starmod:NEW :starmod:
  Minimum deposit: £500+.
  
  
  4 Year Fixes:
• Halifax Fixed Rate ISA - 6.00% (fixed for 4 years from opening date) :starmod:NEW :starmod:
  Minimum deposit: £500+.

Welshy81

Thanks for the links :money:

Welshy81

If I have already invested the maximum funds into my ISA for 2008/9 can I move money from an old ISA into a new ISA and would there be a limit on the amount I can transfer?

Thanks