HSBC Mini Cash ISA Reviews

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HSBC Mini Cash ISA
2 stars
Average rating for this product is: 2 out of 5

From 2 ratings and 13 reviews

Thumb down 38% of users recommend this product

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LenderAccountDescriptionInterestAEROverdraft  
Overdraft LimitOverdraft Rate
ING DirectING Direct ISAOpen an account today in approximately 10 minutes. A simple way to save up to £3,600, without paying tax on your investment.Monthly2.50%N/A
NatWeste-ISAAvailable to existing Natwest Customers Only. The longer you save the more you can earn, save up to £3,600 in a tax year. See site for details.Monthly2.50%N/A
AbbeyDirect ISASave from just £1 to receive 2.00 AER (variable) tax free.Annually2.00%N/A

Summary

If you have invested in an HSBC ISA we would love to hear your opinions on the service you received and the good and bad financial implications of investing in an HSBC Mini Cash ISA. Read the reviews and add your own thoughts.

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Information
ISA Provider: ~other

Average Ratings for HSBC Mini Cash ISA

  • Customer Service2.4 stars
  • Value for Money1.4 stars
  • Reviewer Ratings1.7 stars
  • Overall Rating2 stars

13 Reviews For HSBC Mini Cash ISA

  • Guest 11th May 2009

    Reviewer rating: 1 stars


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    Good Points: Been with them (well the Midland Bank) since 1966. The earlier days they compared well with anybody.


    Bad Points: Read the general comments, applicable over the last few years


    General comments: HSBC Premier has offered me nothing but bad advice. Took out a low risk Corporate Bond with them (their suggestion) 3 years ago.
    Currently the investment is over 30% down and it has never ever gained anything from the day they put me on it.
    They use gimmickry and offers, rather than offer a return that competes with anybody. (Emporers suit of Clothes comes to mind when they explain all the services they offer)
    Saved my personal pension with them but can no longer afford their derisory returns and have pulled it out from there after 22 years. Same thing with the cash ISA, they don't compete with anyone

  • astirrup 4th Jan 2009

    Reviewer rating: 3 stars


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    We are customers of HSBC and in today ' s economic climate we are moving some savings to ISA as savings rates have plummeted. We wanted stability and reasonable if not the best rate from a reliable, stable bank. Hopefully the market will improve and rates may well also improve. We have only dealt with the online service and have found it to be easy to use if an existing customer as we are. Not sure how easy if having to join etc. Also like ability to take out money without penalty at no notice a ...

  • Guest 19th Dec 2008

    Reviewer rating: 0.5 stars


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    Because I am unemployed and only occasionally have money to pay in, HSBC have without notice, changed my current account to one with fewer features. This and the lack of information about rate changes for my ISA persuades me that other banks and building societies want my business and savings more than the HSBC does.
    It's time to sever a relationship that goes back over 20 years.

  • Miteman 5th Sep 2008

    Reviewer rating: 1 stars


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    My wife and I went into the York Branch of HSBC at 11.00am (04/09/2008) in the hope of discussing our ISA accounts, having given up trying to contact the bank by telephone. We were greeted by at least six members of staff all clutching clipboards and doing very little else, and were told that we could see an adviser if we were prepared to wait at least 50 minutes. I asked if we could book an appointment, and were told that we could, but were advised to stay in the branch and wait as there was t ...

  • Guest 23rd May 2008

    Reviewer rating: 2.5 stars


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    Banking with HSBC for 23 years as a whole good service.

  • Guest 31st Mar 2008

    Reviewer rating: 1 stars


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    HSBC Mini Cash ISA have clearly dropped the rate again - I get interest Monthly and it's gone down - so time to switch. I've got 10.5 in there and the 3.6 to add after April 5th. I'm moving it to Lloyd's TSB who are offering 6.5 % for 12 Months. I'll switch after that if needs be but loyalty clearly doesn't pay!

  • Guest 31st Mar 2008

    Reviewer rating: 0.5 stars


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    I wish that HSBC would have told me about the changing of mini cash isa's as I have only just created one. Now that they are changing, i would like more guidance. They do NOT offer the best interest rates, so I will be looking elsewhere.

  • Poe Bird 18th Mar 2008

    Reviewer rating: 1.5 stars


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    HSBC knows it can offer great customer service and an old familiar name that people recognize as a symbol of security. This may sound like a good thing, but it also means they can take advantage of peoples mistrust of other banks and building societies by giving customers like myself a low 4.75% interest rate (variable) on our ISA's. Now, you may not go for that top of the line ISA but still, most other companies can do better than that. The only one I've seen that's worse is Virgin at 4.5%. Mos ...

  • Jen Collins 6th Feb 2008

    Reviewer rating: 2.5 stars


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    I know the interest has dropped and know it is poor compared to other ISAs but what exactly is the rate - I can't seem to find it anywhere. In internet lists of top ISAs it never figures - what is it?

  • Guest 24th Jan 2008

    Reviewer rating: 1 stars


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    I asked for some information about my account and they told me to wait until the my next yearly statement come out to me. Not happy with the service. Although a good rate when I first put the money in, now not very good at all. Not comparable with the rest of the market.

  • filo 24th Oct 2006

    Reviewer rating: 1 stars


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    It was a good interest rate last year, but when HSBC dropped their rates, they also dropped a cover over their rate charts in their branches, so that customers would not see the drop and move their money. The rate of the HSBC Mini Cash ISA dropped by .25%, while the BOE rate went UP .25%. A loss of .5% to the investors. HSBC shares have now soared through the £10 barrier. I think we now know where HSBC loyalties are. My wife and I transferred all our tax-free savings in 2 years ago (£ ...

  • bb111 Rank: Corporal 30th Aug 2006

    Reviewer rating: 4.5 stars


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    This is a great account, and it is really handy for savings, and got easy to access money. It offers fairly good interest rates, and you can be 16 to get one, so the HSBC Mini Cash ISA is great for a teenagers savings.

  • edboorman Rank: Corporal 22nd Jun 2004

    Reviewer rating: 2.5 stars


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    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 compe ...