HSBC Mini Cash ISA Review

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★★☆☆☆
1.7 / 5
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filo's review of HSBC Mini Cash ISA

★☆☆☆☆

“It was a good interest rate last year, but when HSBC...”

Written on: 24/10/2006 by filo (1 review written)

Good Points
Easy access.

Bad Points
Poor interest rate.

General Comments
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 (£60k plus). Now looking to move it all.

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