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HSBC Bank – Cash e-ISA

May 27th, 2009 Comments off

Cash e–ISA by HSBC Bank plc (hsbc.co.uk) is available exclusively to Personal Internet Banking customers and can be opened in just a few minutes online.

As a customer, you will receive interest tax free with a preferential online rate, on savings up to £3,600.

You can invest one lump sum, or save gradually throughout the tax year and you will have instant online access to your account.

Cash e-ISA essentials: 

  • Variable rate of 1.75% AER (1.74% tax free)
  • As a new subscriber, receive tax–free interest on savings up to £3,600 this tax year
  • Instantly access and manage your savings and interest online
  • Open your account with as little as £1
  • Interest is paid to you each month
  • Interest is paid Tax Free
  • Choose how you want to save – monthly payments or lump sum deposits, it’s up to you
  • Open one Cash e–ISA, then add to it each tax year
  • Transfer in from other Cash ISA providers accepted
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    Definitions
    • AER: Annual Equivalent Rate: This is a notional rate which illustrates what the gross rate would be if interest were paid and compounded each year.
    • ‘Tax free’: means free of income tax and capital gains tax
    • ISA: Individual Savings Account
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