HSBC UK is providing customers with cashback of up to £500 for depositing and/or transferring fresh funds into a cash ISA and/or a Stocks and Shares ISA this spring. The bank stated the promotion forms part of its “wider commitment to help people build long-term wealth and make the most of their tax-free savings allowances”.
From now until May 11, 2026, both new and existing customers who deposit and/or transfer a minimum of £20,000 into an eligible HSBC ISA can claim a cash payment of up to £500, paid directly into their bank account.
The tiered reward is determined by the total value of new funds contributed during the promotional period, which spans the current and forthcoming tax years:
Customers may combine deposits and ISA transfers across qualifying accounts to meet the required threshold. Customers can also contribute additional funds throughout the promotional period, enabling them to maximise their ISA allowance from both this tax year and the next.
The promotion covers the HSBC Loyalty Cash ISA, HSBC Fixed Rate Cash ISA and HSBC Stocks and Shares ISA.
Lloyd Robson, head of savings at HSBC UK, said: “Building wealth doesn’t happen overnight, it’s about making consistent, informed decisions over time. ISAs remain one of the most effective ways for customers to grow their money tax-efficiently, whether they’re saving or investing.
“Our Build It, Bank It offer is designed to give customers an additional boost as they take positive steps to strengthen their financial future. Whether people choose to save the cash or spend it, we’re helping make wealth-building more rewarding.”
To be eligible, customers must deposit or transfer fresh funds not previously held with HSBC before March 9, 2026.
Withdrawals prior to the reward being paid may affect eligibility.
Rewards will be credited to a HSBC Bank Account by September 30, 2026, subject to terms and conditions.