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HSBC loyalty isa transfers in

Sorry if this has been asked before. I plan to transfer a lump sum into the Loyality ISA from an old old isa account held by another provider, (one that I donot subscribe to anymore). Is transferring into a new ISA account such as the loyality isa mean that you have started a new subscription?

The reason I ask is because I have an active cash ISA that I subscribe to with a better rate but don't want to be forced to stop subscribing to that if I open this new Loyality Cash ISA with HSBC.

Comments

  • badger09
    badger09 Posts: 11,678 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Sorry if this has been asked before. I plan to transfer a lump sum into the Loyality ISA from an old old isa account held by another provider, (one that I donot subscribe to anymore). Is transferring into a new ISA account such as the loyality isa mean that you have started a new subscription?

    The reason I ask is because I have an active cash ISA that I subscribe to with a better rate but don't want to be forced to stop subscribing to that if I open this new Loyality Cash ISA with HSBC.

    No, opening a new ISA does not count as subscribing. Just make sure you use HSBC's ISA transfer process and don't pay any new money into it.
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