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The Fixed Rate Option RRSP is suitable for investors who have a minimum of $500 to invest and want to earn a higher rate of return. There’s no need to worry about fluctuating interest rates as your rate of return is guaranteed for the term of your investment.
Features:
- $500 minimum deposit
- No service charges and no administration fees
- Interest is calculated daily, paid on the anniversary date of issue and compounded annually at the fixed rate for terms greater than one year. For terms less than one year, interest is calculated daily, not compounded and paid at maturity.
- Redeemable prior to maturity with no interest paid
- Automatic monthly savings plan available
RRSP & RRIF Fixed Rate Options (Annual Compound Interest)
Updated 2012-01-20
| Term Length | $49,999 and less | $50,000 and over |
| 6-11 months | 0.25% | 0.25% |
| 12-17 months | 1.05% | 1.05% |
| 18-23 months | 1.05% | 1.05% |
| 24-29 months | 1.20% | 1.20% |
| 30-35 months | 1.20% | 1.20% |
| 36-41 months | 1.35% | 1.35% |
| 42-47 months | 1.35% | 1.35% |
| 48-53 months | 1.50% | 1.50% |
| 54-59 months | 1.50% | 1.50% |
| 60 months | 1.80% | 1.80% |
| $500 mimimum deposit. For RRSPs, redeemable prior to maturity with no interest paid. For RRIFs, redeemable before maturity at a competitive early redemption rate and no interest is paid if redeemed prior to maturity for the purpose of transferring the funds to another bank. Interest is calculated daily, paid on the anniversary date of issue and compounded annually at the fixed rate for terms greater than one year. For terms less than one year, interest is calculated daily, non-compounded and paid at maturity. |
| Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. |
