USD High Rate Savings Account | Details | HSBC Canada

HSBC U.S. Dollar High Rate Savings Account

A convenient way to save and manage your U.S. Dollars.

Convenience and security

If you travel to the United States or need to make transactions in U.S. dollars, you'll appreciate having funds readily available. Plus, you can purchase U.S. dollars whenever rates are favourable and keep them in your account until you need them—reducing the need to exchange funds when it may not be as financially advantageous.

It doesn’t get any better than free

You can move your money to and from other HSBC accounts in your name whenever you like – it’s easy and it’s free.

You don’t pay a monthly administration fee, so your savings work harder. And no minimum balance means even a little can grow a lot.

Competitive interest rates1 are calculated daily

Rates change but your interest is calculated daily and paid monthly. Interest is paid on amounts in your account up to USD $1 million.

View Interest Rates

Fees for self-service transactions2

Self-directed account activity like Telephone Banking, Personal Internet Banking withdrawals and other actions will incur a 1.00 USD1 per transaction charge. Keeping these activities to a minimum reduces the few fees you pay.

Fees for in-branch banking

In-branch withdrawals are subject to a 1.00 USD1 per transaction fee.

This product is not insured by the Canada Deposit Insurance Corporation (CDIC).

Regular Savings Accounts in CAD and foreign currencies (U.S., Euro, Swiss, British, Japanese) and Investment Savings Accounts are no longer offered by HSBC. For information on any of these accounts, call us at 1-888-310-4722 or visit your local branch.

1 Rates are subject to change without notice. For more information and to confirm most recent rates, please contact any HSBC branch.

2 Including Telephone Banking and Personal Internet Banking withdrawals. Interac®1 Direct Payments, ATM withdrawals/transfers out and pre-authorized debits not available for Foreign Currency High Rate Savings accounts and Foreign Currency Savings Accounts. Only Canadian dollar accounts can be linked to HSBC debit cards.
®1 Trade-mark of Interac Inc. HSBC Bank Canada authorized user of the trademark.

Because your earn CAD but shop in USD

Start saving with a US Dollar Savings Account for your cross border needs

Open a U.S Dollar High Rate Savings Account today

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