Move HSBC ISA - Any Penalties

kassy64

Hi, hoping for a quick answer rather than ring HSBC. I have a HSBC Loyalty Cash ISA (variable not fixed) which currently pays me a pathetic 0.7%.
Now, lots of enticing cash ISA's with a better rate around at present, so my question is if I open a new cash ISA with different provider and move the lot over, will HSBC charge any sort of penalty for moving mid-year?
Thanks

refluxer

If it's easy access then probably not but you'll need to check the T&C's for your account to be sure.

kassy64

Yeah it’s easy access but has a loyalty bonus attached so this may incur some penalty on the paltry interest I have received to date. However, when I move this will surely make up for any small amount of interest penalty from HSBC