Is the HSBC ISA interest rate competitive?

Author	Message
Written on: 12.01.2010 [02:31]
Ben Ben Topic creator Posts: 5	I wanted to get an ISA but I am not sure where to go. I know it may sound a little niave or silly but I have always banked with HSBC so I was hoping to get a HSBC ISA. Interest rates, fixed terms and variable rates all confuse me. I am not sure what I am supposed to go for. Could someone atleast put my mind at ease and tell me whether HSBC is at least a good enough rate and is competitive with the other high street banks.
Written on: 15.01.2010 [07:57]
Rowley Rowley Posts: 1	Firstly you need to decide what ISA you need. I would say that the HSBC ISA interest rates are good but it all depends on what you want to do with your money. Do you want instant access to it? Do you want to be able to add money in to an account? Are you secure and can afford to put several thousand aside for a few years. You need to be able to figure out these things before you can decide on whether or not an ISA is the right thing for you. Maybe a savings account is better, or even a bond depending on what you need.
Also very interesting: Which ISAs & savings accounts are crisis-resistant? Can I have more than one of the tax free savings account TD introduced? Is there such a thing as joint tax free savings at CIBC? Overpaying the tax free savings RBC account: any charges? Looking for a fixed rate cash isa, best rates at Barclays? Fixed rate Cash ISA (Lloyds) minimum deposit? Can I withdraw from a fixed rate cash isa? Rates not what they used to be… Help with the fixed rate Halifax ISA saver… Can I open a fixed rate Halifax web saver abroad? Who offers the current fixed rate ISA best buy?
Written on: 17.01.2010 [02:45]
Lane Lane Posts: 4	You can compare interest rates here http://www.moneysupermarket.com/savings/ this will let you check whether HSBC’s isa interest rates are interesting or not.