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When you contribute to a new or existing Canadian Dollar HSBC High Rate Savings Account during the promotion period, you’ll get a Bonus Interest Rate of 1.50% per annum until the end of the promotion period in addition to your regular interest rate on New Deposits up to a combined maximum of CAD $5,000,000.

Total Funds in Canadian Dollar High Rate Savings Account
(CAD $)
Bonus Interest Rate (%)
(paid on New Deposits up to a maximum of $5,000,000 only during the Promotion Period)
Regular Interest Rate (%)1
(paid on the entire Canadian Dollar High Rate Savings Account balance)
Total Interest Rate on New Deposits (%)
up to a maximum of $5,000,000 during the Promotion Period
CAD 0 to 24,999 1.50% 0.35% 1.85%
CAD 25,000 to 49,999 1.50% 0.65% 2.15%
CAD 50,000 to 99,999 1.50% 0.90% 2.40 %
Over CAD 100,000 1.50% 1.00% 2.50%

1Rates as of December 5, 2017, subject to change. All rates are per annum, calculated daily and paid monthly.

Promotion Period: December 5, 2017 – March 15, 2018.

*New Deposits is the lower amount of the increase in Total Deposits (all your deposit accounts under the same Customer Account Number with HSBC Bank Canada) and increase in Canadian Dollar High Rate Savings Account Balance, up to a maximum of CAD 5,000,000


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To open an HSBC High Rate Savings account


Offer details:

  • Offer is open to new and existing HSBC customers with New Deposits in a Canadian Dollar HSBC High Rate Savings Account.
  • Bonus Interest will be earned on New Deposits up to a combined maximum of $5,000,000 in all your Canadian dollar HSBC High Rate Savings Accounts in addition to Regular Interest during the Promotion Period. Bonus Interest earned on New Deposits is 1.50% per annum, calculated daily on the daily closing balance and paid monthly.
  • Deposits with HSBC at the close of business day on December 4, 2017 are not New Deposits and do not qualify for the Bonus Interest.
  • New Deposits in foreign currency, Investment Savings, Premier Youth, Advance and Regular savings accounts and registered accounts such as Tax Free Savings, RRSP and RRIF accounts, do not qualify for Bonus Interest.
  • Customers with multiple CAD HSBC High Rate Savings Accounts can accrue Bonus Interest on New Deposits in each HSBC High Rate Savings Accounts but Bonus Interest will be added together and paid into the HSBC High Rate Savings Account first opened.
  • If a Canadian dollar HSBC High Rate Savings Account is closed during the Promotion Period, any calculated but unpaid Bonus Interest on New Deposits in that Account will be forfeited.
  • Bonus Interest will be paid on New Deposits of up to CAD 5 000 000.


A more detailed example of how Bonus Interest works during the Promotion:
Example provided for illustrative purposes only. Each row represents one day during the Promotion. Figures represent balance changes as compared to the day before the Promotion Period.

CHANGE IN NEW DEPOSITS
(BONUS INTEREST APPLIES)
HRSA BALANCE CHEQUING BALANCE TOTAL DEPOSITS
+$5,000 -$5,000 $0 $0
+$5,000 +$1,000 +$6,000 +$5,000
+$5,000 -$5,500 -$500 $0
+$15,000 -$12,500 +$2,500 $2,500
+$0 +$1,000 +$1,000 $0
+$6,000,000 +$50,000 +$6,050,000 $5,000,000

Terms and conditions apply. Read full details

Speak to an HSBC Representative to open an HSBC High Rate Savings account

Speak to an HSBC Representative to open an HSBC High Rate Savings account

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