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Compare HSBC ISAs

Compare ISAs from HSBC and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

FTSE 100 ETF Tracker

from HSBC

Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks FTSE 100 Index. Capital at risk.
  • Invest From: £25 pm

MSCI China ETF Tracker

from HSBC

Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks MSCI China Index. Capital at risk.
  • Invest From: £25 pm

FTSE 250 Index

from HSBC

Allows ISA Transfers
Regular Savings
  • Fund Choice: Tracks the FTSE 250 Index. The fund invests directly in shares that make up the index such as Direct Line Group, Greggs & Morrisons. The fund has a ongoing charge of 0.12% which is cheaper than most active funds. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds. Special offer: Open an ISA with £1,000 or more before Sunday and be in with a chance to win £100 of free trades. New customers only. Terms apply. Capital at risk.
  • Invest From: £25 pm
See Deal Special offer: Transfer an ISA worth £10,000 or more before 30 June and get £100 cashback. New customers only. Terms apply. Capital at risk.

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500
See Deal Up to £400 for all new users that create an account until the end of April

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00

Junior Sustainable Stocks & Shares ISA

from Shepherds

Regular Savings
  • Invest From: £10 pm
  • Investment Options: The fund aims to invest in sustainable companies that offer long-term growth, while making a positive difference to the world your child grows up in. Capital at risk.
See Deal When you make your first payment into a Junior ISA or Sustainable Junior ISA, Shepherds will send you a Love2shop voucher code worth up to £50.

Junior Stocks & Shares ISA

from Hargreaves Lansdown

Regular Savings
  • Invest From: £25 pm
  • Investment Options: Invest in over 3,000 funds, UK and overseas shares, investment trusts and ETFs. Capital at risk.

Junior Stocks & Shares ISA (Future World ESG Developed Index Fund)

from Legal & General

Regular Savings
  • Invest From: £25 per month
  • Investment Options: Invests in broad developed stock markets, such as the US, Japan and Europe. Capital at risk.

Junior Ethical Stocks & Shares ISA

from Nutmeg

Regular Savings
  • Invest From: £100 lump sum
  • Investment Options: Nutmeg offer a socially responsible junior investment ISA which places emphasis on environmental and social and governance factors. Capital at risk.

Junior Stocks & Shares ISA

from AJ Bell

Regular Savings
  • Invest From: £25 pm
  • Investment Options: AJ Bell offer a wide range of investments including shares, funds, investment trusts and ETFs (exchange traded funds). Capital at risk.

Who are HSBC Bank?

HSBC Bank are an international investment bank and financial services company. They operate in over 60 countries across the world and are headquartered in London, UK.

The company’s history traces back to the 1860s, originally founded as The Hongkong and Shanghai Banking Corporation.

With a major banking presence in the UK, they provide various financial services to business and retail customers including insurance products, loans, mortgages and savings accounts.

Among the savings and investments accounts they offer are Cash ISAs and Stocks and Shares ISAs, which allow investors to protect up to £20,000 of savings from tax per year.

What is an ISA account?

An ISA account is a tax-efficient, personal savings and investment account.

The ISA Basics:

  • HMRC allows you to contribute up to £20,000 to ISAs in the current tax year.
  • Your ISA allowance refreshes each year.
  • There are two main types of ISAs: Cash ISAs and Stocks and Shares ISAs.
  • The interest earned in a Cash ISA is free from income tax.
  • The dividends from Stocks and Shares ISA are free from income tax.
  • You don’t have to pay capital gains tax on the growth of your Stocks and Shares ISA.

What is the difference between a Cash ISA and a Stocks and Shares ISA?

The main difference between Cash ISAs and Stocks and Shares ISAs is what your money invests in within your ISA.

Cash ISAs are savings accounts that generate interest on your cash savings, whereas Stocks and Shares ISAs are investment accounts that allow you to invest in the stock market.

Cash ISA Basics:

  • Your savings cannot go down in value.
  • Earn either a fixed or variable rate of interest on your cash.
  • Fixed ISA interest rates are higher, but you must commit to a term of 1 to 5 years without withdrawing.
  • Variable ISA interest rates are lower and can fluctuate, but you can usually withdraw freely.
  • If you withdraw early from a fixed Cash ISA you lose a portion of your earned interest or you are charged a fee.
  • Interest rates in the UK have been low for many years, so the return potential on your savings is very limited.

Stocks and Shares ISA Basics:

  • Invest in the stock market via shares, funds, ETFs and other investment types.
  • You can pick your investments yourself, or invest in a ready-made ISA portfolio managed by investment professionals (usually more expensive than DIY investing).
  • You pay annual charges to your Stocks and Shares ISA provider as well as any fund managers you may invest with.
  • The potential for returns on your investment is much higher compared to a Cash ISA, but the value can go down as well as up, so you could get back less than what you originally invested.
  • You can usually withdraw free of charge from a Stocks and Shares ISA after selling down your investments, and the process normally takes roughly one week.

What type of Cash ISA does HSBC offer?

HSBC currently only offer a variable-rate Cash ISA that gives you flexible access - they don’t provide any fixed-rate ISAs at present.

HSBC’s variable-rate Cash ISA is called their Loyalty Cash ISA, and it offers a better interest rate if you have topped up within the last 12 months.

To keep getting the best interest rates you need to keep topping up your account each year. Otherwise, after 12 months your interest rate will revert to HSBC’s lower standard interest rate.

Withdrawals:

You a free to withdraw at any time from your HSBC Cash ISA with no charge, and you'll keep all of your earned interest.

Transfers:

You can transfer your existing Cash ISAs and Stocks and Shares ISAs to an HSBC Cash ISA.

ISA transfers don’t count towards your ISA allowance, so you can transfer as many ISAs as you like in one tax year without worrying about the £20,000 annual allowance.

Make sure to check with your existing ISA provider whether you’ll be charged for transferring.

What type of Stocks and Shares ISA does HSBC provide?

HSBC’s Stocks and Shares ISA has two main investment types: self-select and ready-made portfolios.

HSBC ready-made ISA portfolios:

  • Choose a ready-made portfolio, managed by HSBC’s investment professionals
  • Pick a risk level that suits you, from cautious and defensive portfolios to adventurous and higher risk options
  • Have the choice of a sustainable portfolio that has an ethical and environmentally conscious investment strategy
  • Benefit from an instantly diversified ISA portfolio, managed daily by professionals
  • You’ll pay higher charges compared to if you pick funds and shares yourself

HSBC self-select or share dealing ISA:

  • More suitable for experienced investors
  • Pick shares or funds yourself from a wide range of options
  • Buying and selling shares incurs dealing charges
  • Trading managed funds (OEICs and Unit Trusts) is free
  • You usually pay lower charges than a ready-made ISA, depending on the makeup of your own specific portfolio

How do I open an HSBC ISA?

Once you’ve decided what type of ISA you want to invest in, the easiest way to open your account is online.

You must be:

  1. A UK resident
  2. At least 16 years old
  3. You may need to open an HSBC online banking account for some ISA accounts

Once you have created your account, you can choose to save with a lump sum payment via debit card, or with a regular contribution via direct debit. 

Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

No, ISA stands for Individual Savings Account and must be solely owned for tax purposes.

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

Yes, you can transfer your Cash ISA into a Stocks and Shares ISA by completing a paper form with your new provider.

For Cash or Stocks and Shares ISAs, yes, although some Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

Your ISA is treated in the same way as any other investment asset and will be subject to Inheritance Tax if your estate is liable.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.

Whether you receive dividends from your Stocks and Shares ISA will depend on the underlying investments you hold inside it. If your investments generate dividends, then you can opt to withdraw these automatically to your bank account tax-free if you wish.

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.