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 How to apply

Maximize your savings with a high rate savings account

Key features and benefits
  • Earn 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
  • Online access to view and make real-time fund transfers among your HSBC global accounts with Global View2 and Global Transfers2 – exclusively for HSBC Premier3 and for HSBC Advance4 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 gains7
  • Withdraw funds anytime without paying a penalty8
  • As of 2016, you can contribute:
    • Up to $5,5007 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 Premier3

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.

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.

2Global 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.

3 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.

4HSBC Advance requires you to have an active HSBC Advance chequing account and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $25,000, or hold personal HSBC Bank Canada residential mortgage balances of $150,000 or greater. Some exclusions apply. A monthly fee of $25 may be charged if you do not meet these minimum balance requirements (fee may change from time to time). For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges Statement of Disclosure available at any HSBC Bank Canada branch or online at

5Rates are subject to change without notice.

6Accessible via online and ATM.

7Income 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.

8Re-contribution of money withdrawn from a TFSA may be subject to rules and annual limits. Consult your personal tax advisor.


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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.