HSBC Advance Save Together

KTF

Yes but you lose one of the £10 payments as it will only be 11 months.

No requirement to switch.

colsten

KTF wrote: »

Yes but you lose one of the £10 payments as it will only be 11 months.

I don't think the T&Cs support your statement

8. We will make additional interest payments for a maximum period of 12 months. We will tell you personally at least two months in advance when your 12 month additional interest payment period will end.

This reads to me that the 12 months period is a personal period and there is nothing in the T&Cs that says the offer only runs for 12 months from 1st of March 2015.

KTF

True. I thought it was 12 months from March 1 when the promotion went live. Would have to phone them to confirm really.

Ifts

KTF wrote: »

I thought it was 12 months from March 1 when the promotion went live.

It goes live when you make your first eligible payment into your HSBC cash Isa.

In the Save Together T&C's it says:

The offer will be activated automatically as soon as you make an eligible payment as described above. We will make additional interest payments for a maximum period of 12 months from the date of your first eligible payment.

joe134

Ifts wrote: »

S&S > Stocks and Shares Isa

Yes it's allowed as you are allowed to split your ISA allowance between a Cash Isa and a S&S Isa.

I will also probably be doing the same as colsten (once they have upgraded me to the Advance account after 9th April):

Thanks Ifts, I am going to transfer a Isa which matures 10th April with Halifax, instead of rolling over,into Hsbc Isa, and undecided whether to top it up with £15k for 15>16 allowance, OR, take 3 x 65+ bonds with the £15k+, and top Isas up later in the year?? Same for wife, so get 2;;
I didn't know that the £10 per month ran for 12 months after first opening, even after April, thought it was from March only, so that ties in with my Halifax maturity.:beer:

letThemPlay

Just found out about this over the weekend; opened Advance account today I have to take Id into a branch to fully open the account; which I found funny as I hold a CC; ISA and online saver with them.

Doesn't matter too much as I have to wait until next tax year to open the loyalty ISA as at the moment my ISA is a E-ISA which doesn't look like it counts as an eligable account.

Alisha2008

Can't you transfer it? That's what I did my my cash isa, more interest and also the £10 extra a month...

letThemPlay

I didn't know the rules on Transfering ISA; my current ISA only has a few pence in it; I would guess once my account is fully open I would have to top up my existing ISA to £25 then transfer that into a new Loyatly ISA.

Is that correct or would it just be easier to wait for the new tax year?

sidsmot

Attempted to convert ordinary account to advance by phone - was told as the account hadn't had any money through it for several months would need to put £1750 in for 3 months to show I could make regular payments, then reapply. Was using it to fund a regular saver up to recently.
In branch fared better, got mine done - completing the wifes when the chap rembered an internal memo about something he wasn't clear on and we both got reverted to ordinary.
Have closed accounts and will retry as a new customer - the switching industry has more sway than the loyalty.

Alisha2008

letThemPlay wrote: »

I didn't know the rules on Transfering ISA; my current ISA only has a few pence in it; I would guess once my account is fully open I would have to top up my existing ISA to £25 then transfer that into a new Loyatly ISA.

Is that correct or would it just be easier to wait for the new tax year?

I would only wait for next year if you've already used your £15000 allowance.. otherwise no reason not to open it now, or transfer the one you have. (this won't affect your allowance).