ISA Account | Open An ISA

ISAs: a smart way to save

ISAs are a tax-efficient way to save. You pay no tax on the interest earned on a Cash ISA. And no tax on income or growth from a stocks & shares ISA. That's why many people choose to maximise their ISA allowance every year.

The value of any tax benefits described depends upon your individual circumstances. Tax rules may change in future.

Learn more about using your tax allowances.

Find out how you could reduce the impact of inflation on your savings.

Fixed Rate Cash ISA

Earn interest tax free
Fixed rate for up to 13 months, know the interest you will be earning
Open with £500
Withdrawal restrictions and an early withdrawal fee may apply

More details about Fixed Rate Cash ISA

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HSBC Loyalty Cash ISA

be rewarded for your loyalty
earn interest tax-free
open with just £1
instant access

More details about HSBC Cash ISA

ISAs vs. savings

Stocks & shares ISA

start investing with £50
choose a ready-made portfolio that's managed for you
invest on the website or in the app

Eligibility criteria and fees may apply. You may get back less than you invested. You should aim to invest for at least 5 years.

More details about Stocks and shares ISA

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Frequently asked questions

National Insurance number eligibility changes

From 6 April 2025 when you apply for an ISA:

If you tell us you have a National Insurance number, you must provide it as part of the application process - you won't be able to continue with your ISA application with us unless you provide your National Insurance number
If you tell us that you don’t have a National Insurance number, we will now ask you if you’re eligible for one
If you’re eligible for a National Insurance number, and you don’t already have one, you’ll need to apply for one from the Government before you can continue with your ISA application with us
If you're not eligible for a National Insurance number, you must declare this as part of your ISA application

How to find your National Insurance number

You can find your National Insurance number:

Online through your personal tax account
In the HMRC app
In documents such as your payslip, P45 or P60

How to check if you're eligible for a National Insurance number

You can check if you’re eligible for a National Insurance number and apply online at GOV.UK -use their search tool and look under 'find national insurance number'.

How long it can take to apply for a National Insurance number

Government guidance states it can take up to 4 weeks to obtain a National Insurance number.

Why you need to apply for a National Insurance number if you're eligible

The Government has confirmed that from 6 April 2025, new ISA accounts must contain your National Insurance number, unless you’re not eligible to have one.

This is a change to previous ISA requirements where we could rely on your declaration that you don't have one.

From the 6 April 2025 we'll ask this new question about eligibility when you apply to open a new ISA with us, or apply to restart subscriptions to an existing ISA. This ensures that the new requirements are easy to understand.

Find out more about these changes

You can find out more about these changes at GOV.UK and reading their tax-free saving newsletter 14.

Cash ISA age limit

From 6 April 2024, there were changes to how old you need to be to open a cash ISA.

To open a new cash ISA, you need to be either:

18 years old or over, or
Covered by the transitional arrangements for those aged 16 or 17 (as of 5 April 2024), which is in place until 5 April 2026 - please note, ISA providers aren't obliged to offer the transitional arrangements and HSBC didn’t adopt these

Subscribing to more than one of the same type of ISA

If you're aged 18 or over, you're now able to subscribe to more than one of the same type of ISA in the same tax year – subject to staying within the overall annual limit.

For example, you could subscribe to a cash or stocks & shares ISA with one ISA provider and also subscribe to one with a different provider.

This change doesn’t apply to Lifetime ISAs, where it's still only possible to subscribe to one Lifetime ISA in a tax year. HSBC doesn't offer Lifetime ISAs.

From 6 April 2024, ISA rules were amended to allow subscriptions to more than one ISA of the same type in the same tax year with the same provider. These were optional changes, and HSBC are not offering this. This means that you can only subscribe to one stocks and shares ISA and one cash ISA with HSBC or first direct in the same tax year.

Other optional changes that not all providers implemented

If you've gone a whole tax year without making a subscription to an existing ISA, some providers will allow you to restart subscriptions without needing to complete a new application. HSBC are not currently allowing this.

Since 6 April 2024, some providers allow you to make a partial transfer of subscriptions made in the current tax year, but HSBC are not currently allowing this.

We'll update our website if we make any changes to our ISAs in the future.

ISAs

ISAs: a smart way to save

Get a £500 Selfridges Gift Card and VIP experience

Fixed Rate Cash ISA

HSBC Loyalty Cash ISA

Stocks & shares ISA

Frequently asked questions

How are ISAs changing from the 2025 / 2026 tax year?

How did ISAs change in the 2024 / 2025 tax year?

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