HSBC Cash ISAs
Currently, HSBC offers three different cash ISAs to UK customers so they can choose the best savings plan for their individual needs.
- Cash e-ISA - This account is specifically geared to customers who like the convenience of banking online. The account can be opened with just £1.
- Variable rate cash ISA - This variable-rate account offers tiered rates for higher balances and can also be opened for just £1. Rates include a fixed bonus for the first 12 months. Penalty-free withdrawals are allowed at any time and the account can be accessed by Internet, phone banking or branch visits.
Stocks and shares ISAs
In addition to cash ISAs, HSBC also provides options for those looking for stocks and shares ISAs.
History
HSBC began life as the Hong Kong and Shanghai Banking Corporation in 1865. In 1990, HSBC Holdings was formed to facilitate the purchase of Midland Bank and create a presence for HSBC in England. As part of the purchase, HSBC moved its headquarters from Hong Kong to London, where HSBC became an official UK institution.
Current information
Today, HSBC boasts the top spot as the world's largest banking group and one of the largest companies in the world. The bank services customers across the globe, with a presence on nearly every continent and hundreds of countries worldwide.
Whether you are looking to save money tax-free, or want you want to invest your ISA allowance, HSBC can provide a range of ISA solutions.
