Canadian GIC Investment, GIC Investing | HSBC Canada

Canadian Dollar GIC

Earn higher interest with an HSBC Canadian Dollar GIC

Lock in your investment from 30 days to 5 years and earn a higher interest rate than a term deposit. In most cases, the longer you're invested, the higher the interest rate you earn with your Canadian GIC.

Is a Canadian Dollar GIC right for you?

A Canadian Dollar GIC may be an ideal investment option if you:

  • Prefer a safe, secure, fixed-term investment
  • Want a higher rate of return than a term deposit
  • Can invest a minimum of $1,000 or $5,000, depending on the term length
    you choose1
  • Do not need to access your principal before maturity, as this investment is not redeemable prior to maturity

Features and benefits

  • Plan for the future
    You know what your returns will be over time, which makes retirement and investment planning easier
  • Choose from a variety of term lengths
    No matter what your savings goals, you’ll find a term that suits your needs – from 30 days to 5 years
  • Choose your interest payment option

Earn daily interest that is paid out depending on your term and size of investment

A $1,000 minimum deposit is required for terms between 1 and 5 years. Interest options for these terms are:

  • 1-year terms: Interest paid semi-annually or at maturity2
  • 2-5 year terms: Interest paid either semi-annually or annually
  • Compound interest option available on 1-5 year terms3

A $5,000 minimum deposit is required for terms of less than 1 year. Interest options for these terms are:

  • 30-day and 60-day terms: Interest paid at maturity
  • 90-day to 270-day terms: Interest paid monthly or at maturity2
  • Renew automatically 4
    You can choose to have your principal or principal plus interest renewed at maturity. If you don't notify HSBC before your Canadian GIC matures, we will renew it automatically at the prevailing, posted rate (certain restrictions apply)
  • Protection for your deposits
    HSBC Canadian Dollar GICs are eligible for CDIC insurance.
    Learn more

Check today's rates to see how fast your money can grow




Guaranteed Investment Certificates




Term Length Monthly Interest (min. $5000) Semi-annual Interest (min. $1000) Annual Interest (min. $1000) Annual Compound Interest (min. $1000) Interest at Maturity (min. $5000)
30 Days - - - - 0.20%
60 Days - - - - 0.40%
90 Days 0.95% - - - 0.95%
120 Days 0.95% - - - 0.95%
180 Days 1.00% - - - 1.00%
270 Days 1.10% - - - 1.10%
1 year 1.40% 1.40% 1.40% 1.40% 1.40%
2 years 1.50% 1.50% 1.50% 1.50% -
3 years 2.00% 2.00% 2.00% 2.00% -
4 years 2.10% 2.10% 2.10% 2.10% -
5 years 2.20% 2.20% 2.20% 2.20% -



For non-compounded interest option, interest is calculated daily, non-compounded and paid at the interval as opted by you (which may be monthly, semi-annually, annually or at maturity). For compounded interest option, interest is calculated daily, compounded annually and paid at maturity. No early redemption.



Select Term Deposits and GICs booked through HSBC's Online Banking may be eligible for special pricing. Log on to Online Banking for more details.



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



For the simple (non-compounded) interest option, interest is calculated daily, non-compounded and paid at the interval as opted by you (which may be monthly, semi-annually, annually or at maturity). For compounded interest option, interest is calculated daily, compounded annually and paid at maturity. No early redemption. To confirm the most recent rates, please visit your HSBC Bank branch for details.

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

Select Term Deposits and GICs booked through HSBC's Personal Internet Banking may be eligible for special pricing. Log on to Personal Internet Banking for more details.

1 $1,000 minimum required for 1-5 year GICs. $5,000 minimum required for terms of less than 1 year.

2 Based on simple interest, calculated daily.

3 Compound interest paid at maturity only.

4 You 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 and/or restrictions with setting up an automatic renewal option on your GIC.

Canadian Deposit Insurance Corporation
Some HSBC accounts and deposit products up to certain dollar amounts are eligible for insurance under the Canada Deposit Insurance Corporation Act (CDIC). Learn more about CDIC and how CDIC Deposit Insurance works:
• Visit http://www.cdic.ca/home/Pages/default.aspx
• Read "Protecting Your Deposits." Visit CDIC to download a copy.
Please note some products, such as foreign currency accounts, are not eligible for CDIC Deposit Insurance.

CDIC

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