Different savings acc's on HSBC

ITRUK

I currently have both my main debit account and mastercard with HSBC and do my banking online with them.
I was recently looking at the various savers accounts they have 'Cash ISA, e-ISA etc...'
And wasn't sure which would be best suited for me. I'd like money to go in regularly and also money to come out when i want (transfer online between accounts) But not wanting to be limited to how many transfer's i can do per month - the account will be used soley online.
Which seems the best suited for me?

Baldur

Cash ISA accounts are generally best left untouched, if possible, as any interest accumulated in them is tax free as long as the funds remain within the ISA wrapper.

The maximum that you can currently pay into a Cash ISA in each tax year is £3,600, any funds withdrawn from an ISA cannot be replaced..

Froglet

ITRUK wrote: »

I currently have both my main debit account and mastercard with HSBC and do my banking online with them.
I was recently looking at the various savers accounts they have 'Cash ISA, e-ISA etc...'
And wasn't sure which would be best suited for me. I'd like money to go in regularly and also money to come out when i want (transfer online between accounts) But not wanting to be limited to how many transfer's i can do per month - the account will be used soley online.
Which seems the best suited for me?

I bank with HSBC and cannot fault them for ease of use on the website.However,normally their rates are not that brilliant.The E isa is though,and if you want to save some,tax free, that you know you won't need to touch i would set up a regular standing order ,or just transfer whenever you want,and leave it there.

For more regular,smaller amounts i would use the online bonus saver account.Although you do get penalised in any month you withdraw,you still get a better rate than the flexible saver,and if you do leave the cash in for a whole month it will be a much better rate still .

[Deleted User]

ITRUK wrote: »

I currently have both my main debit account and mastercard with HSBC and do my banking online with them.
I was recently looking at the various savers accounts they have 'Cash ISA, e-ISA etc...'
And wasn't sure which would be best suited for me. I'd like money to go in regularly and also money to come out when i want (transfer online between accounts) But not wanting to be limited to how many transfer's i can do per month - the account will be used soley online.
Which seems the best suited for me?

Generally I would suggest an ISA however it doesn't sound appropriate for you unless you know you won't want to utilise the ISA later in the year e.g. if you put £200 in now and take it out in a weeks time then you're yearly limit of £3600 in an ISA has now gone down to £3400. Not an issue if you won't want to utilise it later in the year though and you'll benefit from the tax free savings. You'll need to pick carefully though as not all allow unlimited deposits / withdrawels. Take a look at:

http://www.moneysavingexpert.com/sav...gs-without-tax
and http://forums.moneysavingexpert.com/....html?t=401374

Regular savings accounts are good too however most penalise you for withdrawing, take a look at:

http://www.moneysavingexpert.com/sav...vings-accounts
and http://forums.moneysavingexpert.com/....html?t=608697

Finally I'd suggest a decent instant access savings account, unlimited deposits and withdrawels and decent rates of interest, take a look at:

http://www.moneysavingexpert.com/sav...st#topaccounts
and http://www.thisismoney.co.uk/saving-...&in_page_id=50

ITRUK

That Kaupthing Edge account really reads quite well. Even better if, as you say, i can put move money in and out of it as much as i like!
Might get a chance to pop into my HSBC branch today and see what they have to say, but the Kaupthing account has my favour at the moment.

Do you know if its easily enough to transfer money accross from Kaupthing to HSBC?

spalding

Does anyone know how to see lasting rates at HSBC I've got a couple of savings accounts I don't really use and can't seem to find there current rates anywhere, thanks

Froglet

http://www.hsbc.co.uk/1/2/interest-rates/savings-investments;jsessionid=0000PZvGqve0WMGtAHvYcKSGdP9:12c58t1e1

scroll down to products no longer sold,should be there.

cc004-2

ITRUK wrote: »

I currently have both my main debit account and mastercard with HSBC and do my banking online with them.
I was recently looking at the various savers accounts they have 'Cash ISA, e-ISA etc...'
And wasn't sure which would be best suited for me. I'd like money to go in regularly and also money to come out when i want (transfer online between accounts) But not wanting to be limited to how many transfer's i can do per month - the account will be used soley online.
Which seems the best suited for me?

I bank with HSBC also, and have 3 current accounts, their latest e-isa and a regular saver. Both the saving account and isa seem to have good rates at the moment. You will get penalised if you transfer money back out of your savings as others have mentioned.

I also have savings accounts with Tesco and Kaupthing. I use these for occasionally putting funds into that I know I might need to draw back out asap, without losing interest. Both do transfers by BACS, Tesco funds transfer within minutes to HSBC, Kaupthing is usually 3 days. Kaupthing requires a minimum of £100 to keep the interest paying.

If you're into paying your mastercard off in full each month, I'd suggest that you look around for one like the Shell visa card, that's paying 1% on purchases and 3% on fuel. Bit of extra cash in your pocket then too...

Cheers,
ChrisC.