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S&S ISA or HSBC Loyalty ISA?

Catbells
Posts: 863 Forumite


I currently have a S&S ISA and wondering whether to transfer it to an HSBC Loyalty ISA at 2.3%. I have £5000 in it. Any advice welcomed.
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Comments
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Generically, a stocks and shares ISA and a cash ISA are very different things. Plus, you have told us nothing about the S&S ISA. Or what your objectives are.
So, I am not sure how objective any responses could really be.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
Its a GIC ISA with HSBC. I want to ensure this small amount can make the most it can over the next few years. What else do you need to know? Thanks.
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Catbells said:Its a GIC ISA with HSBC. I want to ensure this small amount can make the most it can over the next few years. What else do you need to know? Thanks.Now a gainfully employed bassist again - WooHoo!1
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Yes I thought as much
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Catbells said:Its a GIC ISA with HSBC. I want to ensure this small amount can make the most it can over the next few years. What else do you need to know? Thanks.
Do you have a pension that maybe would benefit from topping up instead?
If you did transfer it why would you transfer it to an account with not a very good interest rate ?1 -
Was away and just seen your message Albemarle. Thanks. I've decided to put my money + some extra I had into a Yorkshire Building Society cash ISA at 3.9% for 2 years. I have a state pension and income from investments through an IFA which I hope will see me through !
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