Savings Accounts

Choose the savings account that's right for you

No matter what you're saving for, HSBC has a variety of savings accounts to help you reach your goals quickly and conveniently.

Account name Monthly fee Preferential rates Travel insurance Account teaser Full details

High Rate Savings Account


24/7 ACCESS6



Full details

Maximize your savings with a high rate savings account

Key features and benefits
  • Earn high interest1 on every dollar in your CAD High Rate Savings Account.
  • No minimum balance, no monthly fees
  • Manage your money 24/7 with Telephone and Personal Internet Banking
  • Free withdrawals at all HSBC ATMs in Canada and around the world 2
  • Online access to view and make real-time fund transfers among your HSBC global accounts with Global View4 and Global Transfers4 – exclusively for HSBC Premier7 and for HSBC Advance3 clients at a discounted fee

Choose a High Rate Savings Account if you:

  • Are saving for the short or long term
  • Want your savings to work harder
  • Don't make many debit transactions

Need help?

Call us toll-free 1-888-310-4722

Find a branch



Tax-Free Savings Account





Full details
Key features and benefits
  • Save faster with tax-free gains8
  • Withdraw funds anytime without paying a penalty9
  • As of 2016, you can contribute:
    • Up to $5,5008 per year (previous annual limits were $5,000 for 2009 to 2012, $5,500 for 2013 to 2014, and $10,000 for 2015), plus
    • Any unused contribution room from previous years, plus
    • The amount of any withdrawals made in previous years

Choose a TFSA if you:

  • Want to accelerate your savings
  • Are saving for the short or long term
  • Have maximized your RRSPs

Need help?

Call us toll-free 1-888-310-4722

Find a branch


HSBC Premier7

A personalized world-class banking solution that provides unlimited day-to-day banking and exclusive benefits.

Learn more

HSBC Advance

Simple everyday banking and easy access to your funds when you need them.

Learn more

New to Canada

Products, services and advice to help you settle in Canada.

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1Interest rates are expressed on a per annum basis. Interest paid monthly and calculated on daily closing balance. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch.

2Surcharge fee for usage of International ATMs will apply.

3HSBC Advance is comprised of four products – HSBC Advance Chequing account, High Rate Savings Account (CAD), HSBC Advance MasterCard® and a personal line of credit. The HSBC Advance Chequing, MasterCard and personal line of credit are subject to credit adjudication and approval. You are eligible for HSBC Advance if you have a Total Relationship Balance (TRB) of $25,000 or more and/or a Total Mortgage Balance (TMB) of $150,000 or more. For more information about the eligibility criteria, the monthly fee and other fees, please refer to our Personal Service Charges Statement of Disclosure. HSBC Advance customers must also have a HSBC Advance Chequing Account (CAD). The monthly fee will be charged to your HSBC Advance Chequing Account (CAD) if you do not meet the eligibility criteria or fall within the following grace periods. A new HSBC Advance customer has 6 months from the date they open an account to meet the eligibility criteria. HSBC Advance customers under the Advance Newcomer program (for landed immigrants, foreign workers or new residents of Canada within the past three years) have 6 months from the date they open an account to meet the eligibility criteria. Transaction fees apply to HSBC Advance MasterCard (visit for full MasterCard rates and fees). Transaction and other fees apply to the High Rate Savings Account and other banking services not included in HSBC Advance (refer to the Personal Service Charges Statement of Disclosure at

®MasterCard is a registered trademark of MasterCard International Incorporated. Used pursuant to license.

4Global View and Global Transfers are not available in all countries and territories where HSBC Premier and HSBC Advance is offered. Certain services offered by members of HSBC in Canada may be restricted or unavailable if you move to another jurisdiction or are in another jurisdiction due to the local laws of that jurisdiction. HSBC Group may, however, be able to provide similar services through its members in that jurisdiction. A full list of available countries and a demo can be viewed online.

5Rates are subject to change without notice.

6Accessible via online and ATM.

7 HSBC Premier eligibility requires you to have an active Premier chequing account and maintain a $100,000 balance in combined personal deposits and investments with HSBC Bank Canada and its subsidiaries. Please refer to the Personal Service Charges / Statement of Disclosure for fees which may apply.

8Income earned in a TFSA is not subject to Canadian taxes. Taxes of other countries may apply. Contributions to Tax-Free Savings Accounts (TFSAs) are limited annually. Generally, the maximum contribution room for a year is equal to the total of unused contribution room from the previous year, distributions made in the previous year and the TSFA dollar limit for the current year (TFSA dollar limit is determined by the Canada Revenue Agency and will no longer be indexed to inflation). The maximum annual contribution applies to all of your TFSAs held with HSBC Bank Canada or any other financial institution. Only Canadian residents, who are over 18 years of age and have a valid Social Insurance Number, can make contributions to a TFSA. Consult your tax advisor for full details about TFSAs and how they relate to your tax situation.

9Re-contribution of money withdrawn from a TFSA may be subject to rules and annual limits. Consult your personal tax advisor.

®eSwitch is a registered trademark of D + H, Limited Partnership.

HSBC Advance is available for no monthly fee when you maintain $25,000 or more in eligible accounts, or for $25 per month with no minimal balance requirements.

Eligible Accounts

Eligible accounts include: Chequing, Savings, Tax-Free Savings, Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RRSPs), and investments with HSBC Bank Canada, HSBC Global Asset Management (Canada) Limited, HSBC Investment Funds (Canada) Inc., and HSBC InvestDirect.