written by edboorman on 22/06/2004
Good Points
Easy to move money in and out of ISA via other HSBC accounts.
Bad Points
Not a market leader in rates of interest.
General Comments
If you have an HSBC Current account then having a Mini Cash ISA is common sense. I use mine as a savings account. Just remember if you make a withdrawal, your allowance for that tax year decreases by that amount.
The Interest Rate is not very competitve. You only get the best rate if you have over £15,000 pounds invested in it. With the Mini Cash ISA allowance reducing next year, it could be a while before I have that much in it!
Come on HSBC, be the first high street bank with competitve rates!