hsbc premier

Bloomberg

ManAtHome wrote: »

Couldn't you move some of your S&S ISAs over to HSBC (just a thought - dunno how they compare with other platforms).

I could do but HSBC charge an obscene 4% commission and their range of investments does not compare very favorably with that of J P Morgan. I have a Barclays Additions account solely for the benefits. To be totally honest I do miss the high service level which HSBC Premier offers, it was nice having the dedicated call centre in Cardiff rather than being diverted to Mohammed in Mumbai.

gt94sss2

Bloomberg wrote: »

I could do but HSBC charge an obscene 4% commission and their range of investments does not compare very favorably with that of J P Morgan.

Have you seen their new HSBC Investment Centre - I believe they cap charges at 1%. The funds available are on page 17/18 of this pdf.

I avoid Premier charges by keeping an self select ISA with them (no funds - just individual shares)

Regards
Sunil

coldstreamalways

Sorry to ressurect this thread but I have recentlt been told I no longer qualify for a premier account despite my circumstances not changing (except for getting a payrise!).

I have an appointment with my premier manager next week but I was just wondering if anyonehad any experience of why they would decide this for no apparent reason.

innovate

May be they changed their qualification criteria? And may be also what they are offering?

If you don't mind me asking - - why would you want an HSBC Premier account? They don't figure with any of their current accounts in the MSE Best Bank Accounts any longer.

coldstreamalways

I'm not sure to be honest, I've been with them years and always had genuinely very good service from them but after your message, I am going to do some research and I might move somewhere else.

As far as I can tell they haven't changed their criteria btw.

Thank you for some food for thought.

gt94sss2

The HSBC Premier critera used to be £50,000 in savings/investments or an annual income of £75k AND a Mortgage of £250k Minimum

Their website is showing that while the £50,000 criteria remains, the alternative is now £100k paid in the account/year and a mortgage(s) of at least £300,000 with HSBC in the UK.

No idea when this second option changed..

Regards
Sunil