GIC Investment Canada, GIC Investing | HSBC Canada

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Guaranteed Investment Certificates (GIC)

Plan for your future with a guaranteed rate of return GIC investment

Choose an HSBC GIC for a secure, flexible high-rate investment

Term Deposit Rates Terms Interest Redeemable Full details

Canadian Dollar GIC

COMPETITIVE RATES

VARIETY OF TERMS

DAILY INTEREST

NON-REDEEMABLE

 Full details
Brief highlights
Key features and benefits
  • Earn higher interest than a term deposit
  • Enjoy the peace of mind of a worry-free investment
  • Relax knowing your principal is protected
  • Choose from a range of terms, from 30 days to 5 years
Additional details
  • Minimum investment of $1,000 or $5,000 depending upon the term
  • Interest calculated daily and paid at your chosen interval1
  • Choose from compounded or simple interest options
  • Automatic renewal option2
  • Eligible for CDIC Insurance
Next steps
Apply at a branch


Need help?

Call toll-free
1-888-310-4722

Find a branch


1Interest 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).

2You can opt into our automatic renewal option when purchasing your GIC. If you don't notify us before maturity, we will automatically re-invest your deposit (either the principal only or principal and any interest earned) at the interest rate applicable on the date of renewal, to help maximize the growth of your savings. Consult your HSBC branch regarding any eligibility &/or restrictions with setting up an automatic renewal option on your GIC.
 

Redeemable GIC

COMPETITIVE RATES

VARIETY OF TERMS

DAILY INTEREST

REDEEMABLE

 Full details
Brief highlights
Key features and benefits
  • Can be redeemed within the first 89 days (with no interest paid)
  • Available only as a 1-year term
  • Enjoy the peace of mind of a worry-free investment
Additional details
  • CAD $1,000 minimum investment
  • Interest calculated daily, not compounded, and paid at redemption or at maturity
  • Eligible for CDIC Insurance
Next steps
Apply at a branch


Need help?

Call toll-free
1-888-310-4722

Find a branch


 

TFSA Redeemable GIC

TAX-FREE DAILY INTEREST

COMPETITIVE RATES

SECURE

REDEEMABLE

 Full details
Brief highlights
Key features and benefits
  • Earn tax-free interest on your deposit so your money grows faster1
  • Receive a competitive interest rate
  • Can be redeemed within the first 89 days (with no interest paid)
  • Available only as a 1-year term
  • Enjoy the peace of mind of a worry-free investment
Additional details
  • CAD $1,000 minimum investment
  • Interest calculated daily, not compounded, and paid at redemption or at maturity
  • Eligible for CDIC Insurance
Next steps
Apply at a branch


Need help?

Call toll-free
1-888-310-4722

Find a branch


1 Only Canadian residents, who are over 18 years of age and have a valid Social Insurance Number, can make contributions to a Tax-Free Savings Account (TFSA). The age of majority is 19 for residents of Newfoundland & Labrador, New Brunswick, Nova Scotia, British Columbia, Northwest Territories, Yukon and Nunavut, which may delay the opening of a TFSA. However, the accumulation of contribution room will start at age 18. Annual contributions to TFSAs are subject to specific limits. Generally, the maximum contribution room for a year is equal to the total of unused TFSA contribution room from previous years, distributions (withdrawals) from TFSAs made in previous years and the TFSA dollar limit for the year in question. As of 2016, the annual TFSA dollar limit is $5,500 (previous annual limits were $5,000 for 2009 to 2012, $5,500 for 2013 to 2014, and $10,000 for 2015). The maximum annual contribution applies to all of your TFSAs held with HSBC or any other financial institution. The Canada Revenue Agency (CRA) will track your contribution room. The CRA reports this amount to individuals through the “My Account” function on the CRA web site (www.cra.gc.ca/myaccount). Provided that contribution limits are not exceeded and contributions are made while the account holder is a resident of Canada, income earned in a TFSA is generally not subject to Canadian taxes. Taxes of other countries may apply. Excess contributions to your TFSA are subject to taxes, interest and penalties. Unlike an RRSP, any money you contribute to a TFSA will not itself be tax-deductible.

The content herein is not intended to provide specific tax advice and should not be relied upon in this regard. HSBC makes no guarantee, representation, or warranty and accepts no responsibility or liability as to the tax treatment of these services. For full details about TFSAs and how they relate to your own income tax and financial situation, please consult your personal tax advisor.
 

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