HSBC Cash ISA 2013

Former_MSE_Sally

Hi folks,

ISA season is pretty much upon us, and though we don’t know what rates will be like this year yet, we're starting to do some digging and want to know if you've heard anything through the grapevine.

Things like details of HSBC's new ISAs, rate changes or deals exclusively for existing customers, anything at all really!

As ever, your help is much appreciated

MSE Sally

Mr_K

What new HSBC cash isas are this ? Can't see anything they are offering that hasn't been there for yonks. Granted, their 2.75% isa is becoming more attractive day by day.

beardiedog

Mr_K wrote: »

What new HSBC cash isas are this ? Can't see anything they are offering that hasn't been there for yonks. Granted, their 2.75% isa is becoming more attractive day by day.

Though it's exclusively for HSBC current account customers only.

ANGLICANPAT

My guess is that that 2.75% will drop like a stone with little warning as soon as HSBC thinks it has 'held' its present customers past the date it thinks the majority will be hunting for good deals, but will be just enough less than other providers to make it not worth while going to the trouble of changing. Be happy to be wrong though as OH 's money is there. I think the PO will do the same thing with their earlier edition instant ISA which is still paying somewhere around 3%

kenny62

I have just been to hsbc to open a basic account ,but they said i cant transfer my isa if i only open a basic account ? so i am trying online there not interested in store , wasn't very helpful ,just try ed to get me open a different account said the basic is just for people with bad credit and on benefits ?

Update as i had no luck in store branch i just called and the same again they couldn't understand why i just wanted a basic account, So i said i want to take advantage of the isa transfer higher rate for current account holders .I said is it illegal to do what i am trying to do ? as i cant seam to get it across to any of the hsbc staff in branch or on phone So they are sending me a pack , probably be out dated by the time i finally get an account open .

innovate

Try a Bank Account, not a Basic Bank Account. http://www.hsbc.co.uk/1/2/current-accounts

There is certainly nothing illegal about opening a HSBC Bank Account and then opening an HSBC ISA. Their policy might be not to allow ISA applications from people who don't have a current account, and they might not be too pleased with people who only open a current account in order to get access to the ISA. There's no reason to tell them that you have your eye on their ISA when you apply for the Bank Account.

You can apply for the Bank Account online, though I recall it took ages for them to open mine.

TheAlex

ANGLICANPAT wrote: »

My guess is that that 2.75% will drop like a stone with little warning as soon as HSBC thinks it has 'held' its present customers past the date it thinks the majority will be hunting for good deals

You were right! I had an appointment to transfer my ISA over to HSBC today but just before I did I asked to double-check the rate. The member of staff then double-checked it as it had only just reduced. Luckily for me my appointment had been delayed from last week, otherwise the transfer would have already been signed...

They did have a branch ISA that was still higher than my current ISA but I may stick with Natwest who have already announced their drop.

NabCom

Glad I subscribed to this thread, I only opened the account last week, I see there is a "right to cancel your account within 30 days of opening it"
Hope cancelling the transfer in doesn't get complicated.

gulveal

I am in a similar position, having opened a Cash e-ISA a few days ago and I am just waiting for my old ISA to transfer across.

I have been reassured by finding a PDF version of the interest rates on the Cash e-ISA interest rates page, which shows the old rates still being in force for Cash e-ISAs opened prior to 25th March 2013.

David:j

NabCom

gulveal wrote: »

I am in a similar position, having opened a Cash e-ISA a few days ago and I am just waiting for my old ISA to transfer across.

I have been reassured by finding a PDF version of the interest rates on the Cash e-ISA interest rates page, which shows the old rates still being in force for Cash e-ISAs opened prior to 25th March 2013.

David:j

Well spotted, just as well I didn't burst into action.

Many thanks.

le_loup

gulveal wrote: »

I have been reassured by finding a PDF version of the interest rates on the Cash e-ISA interest rates page, which shows the old rates still being in force for Cash e-ISAs opened prior to 25th March 2013.

Well spotted.