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Guaranteed Investment Certificates (GICs) are term investments that require you to "lock in" your investment for a set length of time. They generally pay higher rates of interest than term deposits but are often not redeemable before maturity.
The Canadian Dollar Dollar GIC provides regular interest income over a fixed term. A number of different non-compounding interest payment options are available such as monthly, semi-annually, annually and at maturity as well as varying term lengths. Compounding interest payment options also available.
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.
Features:
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Terms available from 30 days to five years
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$1000 minimum deposit for the semi-annual and annual interest payment options, available in one to five year terms
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$5000 minimum deposit for the monthly interest payment option, available in 90 day to five year terms, and the maturity interest payment option, available in 30 day to one year terms
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Automatic renewal of investments is available (option to renew principal only or principal plus interest)
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Transferable but not redeemable prior to maturity
Guaranteed Investment Certificates
Updated 2012-01-20
| Term Length | Monthly Interest (min. $5000) | Semi-annual Interest (min. $1000) | Annual Interest (min. $1000) | Annual Compound Interest (min. $1000) | Interest at Maturity (min. $5000) |
| 30 Days | - | - | - | - | 0.55% |
| 60 Days | - | - | - | - | 0.65% |
| 90 Days | 0.60% | - | - | - | 0.85% |
| 120 Days | 0.60% | - | - | - | 0.85% |
| 180 Days | 0.75% | - | - | - | 1.00% |
| 270 Days | 0.75% | - | - | - | 1.00% |
| 1 year | 0.80% | 0.925% | 1.05% | 1.05% | 1.05% |
| 2 years | 0.95% | 1.075% | 1.20% | 1.20% | - |
| 3 years | 1.10% | 1.225% | 1.35% | 1.35% | - |
| 4 years | 1.25% | 1.375% | 1.50% | 1.50% | - |
| 5 years | 1.55% | 1.675% | 1.80% | 1.80% | - |
| For non-compounded interest option, interest is calculated daily, non-compounded and paid at the interval as opted by you (which may be monthly, semi-annually, annually or at maturity). For compounded interest option, interest is calculated daily, compounded annually and paid at maturity. No early redemption. |
| 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. |
