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Term Deposits (TDs) are secure investments that can generally offer a higher rate of interest than a simple savings account. HSBC Bank Canada offers Term Deposits in a number of currencies, and a wide range of terms, giving you the flexibility to choose one that best suits your short or long-term investment goals. Early redemption varies depending on currency.
Key Benefits and Features
- Competitive returns
- Flexibility in transaction size and term to maturity
- CAD and USD TDs are redeemable prior to maturity (subject to a penalty)
- Non-transferable
- Interest bearing
- Canadian Dollar Term Deposits are eligible for CDIC Insurance. Foreign currency Term Deposits are not eligible
- Automatic renewal of investments unless advised prior to maturity (option to renew principal only or principal plus interest)
Canadian Dollar Term Deposits
Updated 2012-01-20
| Term Length | Monthly Interest (min. $5000) | Semi-annual or Annual Interest (min. $1000) | Maturity Interest (min. $5000) |
| 30 days | - | - | 0.40% |
| 60 days | - | - | 0.50% |
| 90 days | 0.50% | - | 0.70% |
| 120 days | 0.50% | - | 0.70% |
| 180 days | 0.55% | - | 0.80% |
| 270 days | 0.55% | - | 0.80% |
| 1 year | 0.675% | 0.80% | 0.80% |
| 2 years | 0.825% | 0.95% | - |
| 3 years | 0.975% | 1.10% | - |
| 4 years | 1.075% | 1.20% | - |
| 5 years | 1.425% | 1.55% | - |
| Interest is calculated daily, not compounded and is paid at the interval as opted by you (which may be monthly, semi-annually, annually or at maturity). Rates available on request for deposits of $100,000 or more. |
| Select Term Deposits and GICs booked through HSBC's Internet Banking may be eligible for special pricing. Log on to Internet Banking for more details. |
| Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. |
U.S. Dollar Term Deposits
Updated 2011-12-01
| Term Length | Maturity Interest |
| 30 days | 0.05% |
| 60 days | 0.10% |
| 90 days | 0.15% |
| 120 days | 0.20% |
| 180 days | 0.25% |
| 270 days | 0.30% |
| 1 year | 0.35% |
| Redeemable prior to maturity with no interest paid. Interest is calculated daily, not compounded and paid at maturity. Rates available on request for deposits over $100,000. |
| Select Term Deposits and GICs booked through HSBC's Internet Banking may be eligible for special pricing. Log on to Internet Banking for more details. |
| Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. |
