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Term Deposits are secure investments that can generally offer a higher rate of interest than a simple savings account. Term Deposits are available in a number of currencies, a variety of term lengths, and several redemption options.
Canadian Dollar Term Deposits are offered at competitive interest rates and are redeemable prior to maturity with an interest penalty. They are available in a wide range of term lengths from 30 days to 5 years.
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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$1,000 minimum deposit for annual or semi-annual interest payment options (applicable for 1 to 5 year terms)
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$5,000 minimum deposit for monthly or at maturity interest payment options (applicable for terms from 30 to 364 days)
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Redeemable prior to maturity with no interest paid
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Automatic renewal of investments unless advised prior to maturity (option to renew principal only or principal plus interest)
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Interest is calculated daily, not compounded and paid at the interval as opted by you (which may be monthly, semi-annually, annually or at maturity)
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. |
