Personal account rates

These annual interest rates may change without notice, and any changes will be updated here. To confirm the most recent rates, please contact any of our branches.

Interest, if any, is paid monthly and is calculated on the daily closing balance.  New accounts receive interest from the date of opening.

Chequing Accounts

Account types HSBC Premier Chequing (CAD)
HSBC Advance Chequing (CAD)
Performance Chequing - Unlimited, Performance Chequing - Limited (CAD)
USD HSBC Premier Chequing, USD Performance Chequing (USD)
Interest rate 0.00%
0.00%
0.00%
0.00%

Chequing Accounts

Account types Interest rate
HSBC Premier Chequing (CAD)
0.00%
HSBC Advance Chequing (CAD)
0.00%
Performance Chequing - Unlimited, Performance Chequing - Limited (CAD)
0.00%
USD HSBC Premier Chequing, USD Performance Chequing (USD)
0.00%

Note: Foreign currency deposits are not eligible for CDIC coverage.

Canadian Dollar Savings Accounts

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance CAD High Rate Savings
Up to $24,999.99
0.55%
Between $25,000 and $49,999.99
1.05%
Between $50,000 and $99,999.99
1.10%
100,000.00 and over
1.10%

Canadian Dollar Savings Accounts

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Up to $24,999.99
CAD High Rate Savings
0.55%
Daily closing balance Between $25,000 and $49,999.99
CAD High Rate Savings
1.05%
Daily closing balance Between $50,000 and $99,999.99
CAD High Rate Savings
1.10%
Daily closing balance 100,000.00 and over
CAD High Rate Savings
1.10%

Foreign Currency Savings Accounts

Interest is calculated on your entire account balance, using the rate that corresponds to your daily closing balance (in the currency of the account):
Daily closing balance USD High Rate Savings GBP High Rate Savings* EUR High Rate Savings* HKD Foreign Currency Savings
RMB Foreign Currency Savings
Up to $24,999.99
0.10%
0.10%
0.00%
0.05%
0.00%
Between $25,000 and $49,999.99
0.20%
0.10%
0.00%
0.05%
0.00%
Between $50,000 and $99,999.99
0.25%
0.15%
0.00%
0.05%
0.00%
100,000.00 and over*
0.30%
0.20%
0.00%
0.05%
0.00%

Foreign Currency Savings Accounts

Interest is calculated on your entire account balance, using the rate that corresponds to your daily closing balance (in the currency of the account):
Daily closing balance Up to $24,999.99
USD High Rate Savings 0.10%
GBP High Rate Savings* 0.10%
EUR High Rate Savings* 0.00%
HKD Foreign Currency Savings
0.05%
RMB Foreign Currency Savings
0.00%
Daily closing balance Between $25,000 and $49,999.99
USD High Rate Savings 0.20%
GBP High Rate Savings* 0.10%
EUR High Rate Savings* 0.00%
HKD Foreign Currency Savings
0.05%
RMB Foreign Currency Savings
0.00%
Daily closing balance Between $50,000 and $99,999.99
USD High Rate Savings 0.25%
GBP High Rate Savings* 0.15%
EUR High Rate Savings* 0.00%
HKD Foreign Currency Savings
0.05%
RMB Foreign Currency Savings
0.00%
Daily closing balance 100,000.00 and over*
USD High Rate Savings 0.30%
GBP High Rate Savings* 0.20%
EUR High Rate Savings* 0.00%
HKD Foreign Currency Savings
0.05%
RMB Foreign Currency Savings
0.00%

*No interest is paid on the portion of the balance over $1,000,000.00 (in the currency of account) on GBP/EUR High Rate Savings accounts. Note: Foreign currency deposits are not eligible for CDIC coverage.

Grandfathered - Personal accounts we maintain but no longer sell

These annual interest rates may change without notice, and any changes will be updated here. To confirm the most recent rates, please contact any of our branches.

Interest, if any, is paid monthly and is calculated on the daily closing balance.   

Chequing Accounts (no longer sold)

Account types Performance Activity, Performance Chequing - Standard, Performance Chequing - Student, Performance 60 (CAD)
USD Performance Activity, USD Performance Chequing Standard, USD Performance 60 (USD)
Interest rates
0.00%
0.00%

Chequing Accounts (no longer sold)

Account types Interest rates
Performance Activity, Performance Chequing - Standard, Performance Chequing - Student, Performance 60 (CAD)
0.00%
USD Performance Activity, USD Performance Chequing Standard, USD Performance 60 (USD)
0.00%

Note: Foreign currency deposits are not eligible for CDIC coverage.

Canadian Dollar Savings Accounts (no longer sold)

For Investment Savings accounts, you receive different interest rates on different portions of your daily closing balance if it is $50,000.00 and over.  

On the entire balance up to $49,999.99:
Daily closing balance Interest rate
Between $0 and $4,999.99
0.00%
Between $5,000.00 and $24,999.99
0.10%
Between $25,000.00 and $49,999.99
0.20%
On the entire balance up to $49,999.99:
Daily closing balance Between $0 and $4,999.99
Interest rate 0.00%
Daily closing balance Between $5,000.00 and $24,999.99
Interest rate 0.10%
Daily closing balance Between $25,000.00 and $49,999.99
Interest rate 0.20%
On the portion of your daily closing balance:
Daily closing balance Interest rate
Between $50,000.00 and $99,999.99
0.30%
$100,000.00 and over
0.40%
On the portion of your daily closing balance:
Daily closing balance Between $50,000.00 and $99,999.99
Interest rate 0.30%
Daily closing balance $100,000.00 and over
Interest rate 0.40%
For other accounts, interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Regular Savings HSBC Premier Youth Savings HSBC Advance Savings
Up to $4,999.99
0.05%
0.55%
0.10%
Between $5,000.00 and $24,999.99
0.05%
0.55%
0.10%
Between $25,000.00 and $49,999.99
0.05%
1.05%
0.30%
Between $50,000.00 and $99,999.99
0.05%
1.10%
0.45%
$100,000.00 and over
0.05%
1.10%
0.50%
For other accounts, interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Up to $4,999.99
Regular Savings 0.05%
HSBC Premier Youth Savings 0.55%
HSBC Advance Savings 0.10%
Daily closing balance Between $5,000.00 and $24,999.99
Regular Savings 0.05%
HSBC Premier Youth Savings 0.55%
HSBC Advance Savings 0.10%
Daily closing balance Between $25,000.00 and $49,999.99
Regular Savings 0.05%
HSBC Premier Youth Savings 1.05%
HSBC Advance Savings 0.30%
Daily closing balance Between $50,000.00 and $99,999.99
Regular Savings 0.05%
HSBC Premier Youth Savings 1.10%
HSBC Advance Savings 0.45%
Daily closing balance $100,000.00 and over
Regular Savings 0.05%
HSBC Premier Youth Savings 1.10%
HSBC Advance Savings 0.50%

Foreign Currency Savings Accounts (no longer sold)

Currency Interest
U.S. Dollar
0.05%
Swiss Franc
0.00%
British Pound
0.05%
Japanese Yen
0.00%
Euro 0.00%
Australian Dollar 0.05%

Foreign Currency Savings Accounts (no longer sold)

Currency U.S. Dollar
Interest 0.05%
Currency Swiss Franc
Interest 0.00%
Currency British Pound
Interest 0.05%
Currency Japanese Yen
Interest 0.00%
Currency Euro
Interest 0.00%
Currency Australian Dollar
Interest 0.05%

Note: Foreign currency deposits are not eligible for CDIC coverage.

Term investment rates

These posted rates may change without notice, and any changes will be updated here. To find out more information about all term investment products, please contact any of our branches, contact us at 1-888-310-HSBC (4722) or visit our investing products page.

The rates below are annual interest rates for term investment products issued by HSBC Bank Canada and its subsidiaries: 

  • For non-compounded interest options, interest is calculated daily, non-compounded and paid at the frequency you select on making the deposit (which may be monthly, semi-annually, annually or at maturity).
  • For compounded interest options, interest is calculated daily, compounded annually and paid at maturity. 

Select Term Deposits and GICs booked through HSBC Online Banking may receive different rates. Log on to Online Banking for more details.

Non-Redeemable Guaranteed Investment Certificates

Term length Interest paid Monthly, non-compounded (min. $5000)
Interest paid Semi-Annually, non-compounded (min. $1000)
Interest paid Annually, non-compounded  (min. $1000)
Interest paid at Maturity, compounded annually (min. $1000)
Interest paid at Maturity, non-compounded (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 1.45%
1.45%
1.45%
1.45%
1.45%
2 years 1.70%
1.70%
1.70%
1.70%
-
3 years 1.80%
1.80%
1.80%
1.80%
-
4 years 1.90%
1.90%
1.90%
1.90%
-
5 years 2.00%
2.00%
2.00%
2.00%
-

Non-Redeemable Guaranteed Investment Certificates

Term length 30 days
Interest paid Monthly, non-compounded (min. $5000)
-
Interest paid Semi-Annually, non-compounded (min. $1000)
-
Interest paid Annually, non-compounded  (min. $1000)
-
Interest paid at Maturity, compounded annually (min. $1000)
-
Interest paid at Maturity, non-compounded (min. $5000)
0.20%
Term length 60 days
Interest paid Monthly, non-compounded (min. $5000)
-
Interest paid Semi-Annually, non-compounded (min. $1000)
-
Interest paid Annually, non-compounded  (min. $1000)
-
Interest paid at Maturity, compounded annually (min. $1000)
-
Interest paid at Maturity, non-compounded (min. $5000)
0.40%
Term length 90 days
Interest paid Monthly, non-compounded (min. $5000)
0.95%
Interest paid Semi-Annually, non-compounded (min. $1000)
-
Interest paid Annually, non-compounded  (min. $1000)
-
Interest paid at Maturity, compounded annually (min. $1000)
-
Interest paid at Maturity, non-compounded (min. $5000)
0.95%
Term length 120 days
Interest paid Monthly, non-compounded (min. $5000)
0.95%
Interest paid Semi-Annually, non-compounded (min. $1000)
-
Interest paid Annually, non-compounded  (min. $1000)
-
Interest paid at Maturity, compounded annually (min. $1000)
-
Interest paid at Maturity, non-compounded (min. $5000)
0.95%
Term length 180 days
Interest paid Monthly, non-compounded (min. $5000)
1.00%
Interest paid Semi-Annually, non-compounded (min. $1000)
-
Interest paid Annually, non-compounded  (min. $1000)
-
Interest paid at Maturity, compounded annually (min. $1000)
-
Interest paid at Maturity, non-compounded (min. $5000)
1.00%
Term length 270 days
Interest paid Monthly, non-compounded (min. $5000)
1.10%
Interest paid Semi-Annually, non-compounded (min. $1000)
-
Interest paid Annually, non-compounded  (min. $1000)
-
Interest paid at Maturity, compounded annually (min. $1000)
-
Interest paid at Maturity, non-compounded (min. $5000)
1.10%
Term length 1 year
Interest paid Monthly, non-compounded (min. $5000)
1.45%
Interest paid Semi-Annually, non-compounded (min. $1000)
1.45%
Interest paid Annually, non-compounded  (min. $1000)
1.45%
Interest paid at Maturity, compounded annually (min. $1000)
1.45%
Interest paid at Maturity, non-compounded (min. $5000)
1.45%
Term length 2 years
Interest paid Monthly, non-compounded (min. $5000)
1.70%
Interest paid Semi-Annually, non-compounded (min. $1000)
1.70%
Interest paid Annually, non-compounded  (min. $1000)
1.70%
Interest paid at Maturity, compounded annually (min. $1000)
1.70%
Interest paid at Maturity, non-compounded (min. $5000)
-
Term length 3 years
Interest paid Monthly, non-compounded (min. $5000)
1.80%
Interest paid Semi-Annually, non-compounded (min. $1000)
1.80%
Interest paid Annually, non-compounded  (min. $1000)
1.80%
Interest paid at Maturity, compounded annually (min. $1000)
1.80%
Interest paid at Maturity, non-compounded (min. $5000)
-
Term length 4 years
Interest paid Monthly, non-compounded (min. $5000)
1.90%
Interest paid Semi-Annually, non-compounded (min. $1000)
1.90%
Interest paid Annually, non-compounded  (min. $1000)
1.90%
Interest paid at Maturity, compounded annually (min. $1000)
1.90%
Interest paid at Maturity, non-compounded (min. $5000)
-
Term length 5 years
Interest paid Monthly, non-compounded (min. $5000)
2.00%
Interest paid Semi-Annually, non-compounded (min. $1000)
2.00%
Interest paid Annually, non-compounded  (min. $1000)
2.00%
Interest paid at Maturity, compounded annually (min. $1000)
2.00%
Interest paid at Maturity, non-compounded (min. $5000)
-

Redemption or withdrawal of all or part of the Non-redeemable GIC before the end of the term is not allowed. If we allow you to withdraw before the end of the term, we will not pay you any interest on the withdrawn amount. 

Redeemable Guaranteed Investment Certificates

Interest paid at maturity, not compounded.
Term length Interest rate (min. $1000)
Available for 1 year term only 1.15%

Redeemable Guaranteed Investment Certificates

Interest paid at maturity, not compounded.
Term length Available for 1 year term only
Interest rate (min. $1000)
1.15%

For a redeemable GIC, if you withdraw all or part of it before the maturity date, the following conditions apply:

  • If you withdraw it 89 days or fewer from the start date, we will not pay any interest on the amount withdrawn; or
  • If you withdraw it 90 days or more after the start date, we will pay interest at the interest rate that applies to the amount withdrawn, for the number of days between the start date and the date up to but not including the date you withdraw it.

We will pay interest at the fixed interest rate stated in the purchase confirmation on any part of your deposit not withdrawn before the maturity date.

Canadian Dollar Redeemable Term Deposits

If you wish to earn interest at a guaranteed rate and take advantage of a fixed term with the option to redeem at any time.
Term length Interest paid Monthly, non-compounded (min. $5000)
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
Interest paid at Maturity , non-compounded (min. $5000)
30 days - -
0.15%
60 days -
-
0.20%
90 days 0.70%
-
0.70%
120 days 0.75%
-
0.75%
180 days 0.85%
-
0.85%
270 days 0.90%
-
0.90%
1 year 1.10%
1.10%
1.10%
2 years 1.20%
1.20%
-
3 years 1.60%
1.60%
-
4 years 1.75%
1.75%
-
5 years 1.80%
1.80%
-

Canadian Dollar Redeemable Term Deposits

If you wish to earn interest at a guaranteed rate and take advantage of a fixed term with the option to redeem at any time.
Term length 30 days
Interest paid Monthly, non-compounded (min. $5000)
-
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
-
Interest paid at Maturity , non-compounded (min. $5000)
0.15%
Term length 60 days
Interest paid Monthly, non-compounded (min. $5000)
-
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
-
Interest paid at Maturity , non-compounded (min. $5000)
0.20%
Term length 90 days
Interest paid Monthly, non-compounded (min. $5000)
0.70%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
-
Interest paid at Maturity , non-compounded (min. $5000)
0.70%
Term length 120 days
Interest paid Monthly, non-compounded (min. $5000)
0.75%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
-
Interest paid at Maturity , non-compounded (min. $5000)
0.75%
Term length 180 days
Interest paid Monthly, non-compounded (min. $5000)
0.85%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
-
Interest paid at Maturity , non-compounded (min. $5000)
0.85%
Term length 270 days
Interest paid Monthly, non-compounded (min. $5000)
0.90%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
-
Interest paid at Maturity , non-compounded (min. $5000)
0.90%
Term length 1 year
Interest paid Monthly, non-compounded (min. $5000)
1.10%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.10%
Interest paid at Maturity , non-compounded (min. $5000)
1.10%
Term length 2 years
Interest paid Monthly, non-compounded (min. $5000)
1.20%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.20%
Interest paid at Maturity , non-compounded (min. $5000)
-
Term length 3 years
Interest paid Monthly, non-compounded (min. $5000)
1.60%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.60%
Interest paid at Maturity , non-compounded (min. $5000)
-
Term length 4 years
Interest paid Monthly, non-compounded (min. $5000)
1.75%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.75%
Interest paid at Maturity , non-compounded (min. $5000)
-
Term length 5 years
Interest paid Monthly, non-compounded (min. $5000)
1.80%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.80%
Interest paid at Maturity , non-compounded (min. $5000)
-

Redeemable prior to maturity with no interest paid.

Foreign Currency Non-Redeemable Term Deposits

Rates provided upon request, to find out more information about foreign currency term investment products, please contact any of our branches, contact us at 1-888-310-HSBC (4722). 

Note: Foreign currency deposits are not eligible for CDIC coverage.

U.S. Dollar Term Deposits

Term length Interest Paid at Maturity, non-compounded (min. USD$5,000)
30 days 0.85%
60 days 1.00%
90 days 1.20%
120 days 1.25%
180 days 1.25%
270 days 1.40%
1 year 1.60%

U.S. Dollar Term Deposits

Term length 30 days
Interest Paid at Maturity, non-compounded (min. USD$5,000)
0.85%
Term length 60 days
Interest Paid at Maturity, non-compounded (min. USD$5,000)
1.00%
Term length 90 days
Interest Paid at Maturity, non-compounded (min. USD$5,000)
1.20%
Term length 120 days
Interest Paid at Maturity, non-compounded (min. USD$5,000)
1.25%
Term length 180 days
Interest Paid at Maturity, non-compounded (min. USD$5,000)
1.25%
Term length 270 days
Interest Paid at Maturity, non-compounded (min. USD$5,000)
1.40%
Term length 1 year
Interest Paid at Maturity, non-compounded (min. USD$5,000)
1.60%

Redeemable prior to maturity with no interest paid. 

Note: Foreign currency deposits are not eligible for CDIC coverage.

Registered Plans (TFSA, RRSP and RRIF products)

These rates may change without notice, and any changes will be updated here. To find out more information about registered investment products, please contact any of our branches, contact us at 1-888-310-HSBC (4722) or visit our registered products page.

Rates are annual interest rates. Interest, if any, is paid monthly and is calculated on the daily closing balance.

TFSA High Rate Savings Account

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Interest rate
Up to $49,999.99
1.15%
Between $50,000 and $99,999.99
1.15%
Between $100,000.00 and $1,000,000.00*
1.15%

TFSA High Rate Savings Account

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Up to $49,999.99
Interest rate 1.15%
Daily closing balance Between $50,000 and $99,999.99
Interest rate 1.15%
Daily closing balance Between $100,000.00 and $1,000,000.00*
Interest rate 1.15%

* No interest is paid on the portion of the balance over $1,000,000.00.

RRSP & RRIF Savings Option

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance
Current Rate
Up to $49,999.99
0.20%
Between $50,000 and $99,999.99
0.25%
Between $100,000 and $1,000,000*
0.50%

RRSP & RRIF Savings Option

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance
Up to $49,999.99
Current Rate
0.20%
Daily closing balance
Between $50,000 and $99,999.99
Current Rate
0.25%
Daily closing balance
Between $100,000 and $1,000,000*
Current Rate
0.50%

* No interest is paid on the portion of the balance over $1,000,000.00.

Registered Term Investments

These posted rates may change without notice, and any changes will be updated here. To find out more information about registered term investment products, please contact any of our branches, contact us at 1-888-310-HSBC (4722) or visit our investing products page.

Interest rates are annual interest rates. 

  • For non-compounded interest options, interest is calculated daily, non-compounded and paid at the frequency you select on making the deposit (which may be monthly, semi-annually, annually or at maturity).
  • For compounded interest options, interest is calculated daily, compounded annually and paid at maturity.

TFSA Redeemable Guaranteed Investment Certificates

Term length Interest rate (min. $1000)
1 year term only 1.15%

TFSA Redeemable Guaranteed Investment Certificates

Term length 1 year term only
Interest rate (min. $1000)
1.15%

For a redeemable GIC, if you withdraw all or part of it before the maturity date, the following conditions apply:

  • If you withdraw it 89 days or fewer from the start date, we will not pay any interest on the amount withdrawn; or
  • If you withdraw it 90 days or more after the start date, we will pay interest at the interest rate that applies to the amount withdrawn, for the number of days between the start date and the date up to but not including the date you withdraw it.

We will pay interest at the fixed interest rate stated in the purchase confirmation on any part of your deposit not withdrawn before the maturity date. 

TFSA Redeemable Term Deposits

Short Term Deposits
Short Term Interest paid Monthly, non-compounded (min. $5,000)
Interest paid at Maturity, non-compounded (min. $5,000)
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%
Short Term Deposits
Short Term 30 days
Interest paid Monthly, non-compounded (min. $5,000)
-
Interest paid at Maturity, non-compounded (min. $5,000)
0.20%
Short Term 60 days
Interest paid Monthly, non-compounded (min. $5,000)
-
Interest paid at Maturity, non-compounded (min. $5,000)
0.40%
Short Term 90 days
Interest paid Monthly, non-compounded (min. $5,000)
0.95%
Interest paid at Maturity, non-compounded (min. $5,000)
0.95%
Short Term 120 days
Interest paid Monthly, non-compounded (min. $5,000)
0.95%
Interest paid at Maturity, non-compounded (min. $5,000)
0.95%
Short Term 180 days
Interest paid Monthly, non-compounded (min. $5,000)
1.00%
Interest paid at Maturity, non-compounded (min. $5,000)
1.00%
Short Term 270 days
Interest paid Monthly, non-compounded (min. $5,000)
1.10%
Interest paid at Maturity, non-compounded (min. $5,000)
1.10%
Long Term Deposits
Long Term Interest paid Monthly, non-compounded (min. $5,000)
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1 year 1.45%
1.45%
2 years 1.70%
1.70%
3 years 1.80%
1.80%
4 years 1.90%
1.90%
5 years 2.00%
2.00%
Long Term Deposits
Long Term 1 year
Interest paid Monthly, non-compounded (min. $5,000)
1.45%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.45%
Long Term 2 years
Interest paid Monthly, non-compounded (min. $5,000)
1.70%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.70%
Long Term 3 years
Interest paid Monthly, non-compounded (min. $5,000)
1.80%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.80%
Long Term 4 years
Interest paid Monthly, non-compounded (min. $5,000)
1.90%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
1.90%
Long Term 5 years
Interest paid Monthly, non-compounded (min. $5,000)
2.00%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
2.00%

Redeemable prior to maturity receive no interest.

RRSP & RRIF Fixed Rate Term Options (Compounded annually)

Term length Interest rate (min. $500)
180 days
1.00%
270 days
1.00%
1 year
1.45%
2 years
1.70%
3 years 1.80%
4 years
1.90%
5 years
2.00%

RRSP & RRIF Fixed Rate Term Options (Compounded annually)

Term length 180 days
Interest rate (min. $500)
1.00%
Term length 270 days
Interest rate (min. $500)
1.00%
Term length 1 year
Interest rate (min. $500)
1.45%
Term length 2 years
Interest rate (min. $500)
1.70%
Term length 3 years
Interest rate (min. $500)
1.80%
Term length 4 years
Interest rate (min. $500)
1.90%
Term length 5 years
Interest rate (min. $500)
2.00%

For RRSPs, the term deposit is redeemable prior to maturity with no interest paid. 

For RRIFs, you can redeem all or part of your deposit before its maturity date, but if you do we will not pay interest on the amount redeemed unless we initiate the redemption as a result of receiving:

  • Instructions to make a retirement income payment from your RRIF plan; 
  • Instructions to transfer proceeds of the redemption to another RRIF plan you hold with us or any of our subsidiaries or affiliates; or
  • Evidence of death of plan holder

If we pay interest, we will pay it on the amount redeemed for the number of days between the start date and the date up to but not including the date of redemption. 

HSBC RRSP Ascending Rate GIC®

Minimum deposit is $500.
Year Issue rate
Redemption rate
Year 1 0.75% 0.00%
Year 2 0.90%
0.00%
Year 3 1.20%
1.20%
Year 4 1.70%
1.70%
Year 5 3.50%
3.50%

HSBC RRSP Ascending Rate GIC®

Minimum deposit is $500.
Year Year 1
Issue rate
0.75%
Redemption rate
0.00%
Year Year 2
Issue rate
0.90%
Redemption rate
0.00%
Year Year 3
Issue rate
1.20%
Redemption rate
1.20%
Year Year 4
Issue rate
1.70%
Redemption rate
1.70%
Year Year 5
Issue rate
3.50%
Redemption rate
3.50%

You can redeem the GIC before the maturity date, and you can only redeem it in full. 

  • If you redeem the GIC on the 3rd or 4th anniversary of the start date, we will pay interest at the Issue Rate for each year between the start date and the redemption date.
  • If you redeem the GIC at any other time, we will pay interest at the Redemption Rate for each year or part of the year between the start date and the redemption date.

We calculate interest from the start date up to, but not including, the maturity date or the redemption date. Interest is compounded annually on the anniversary of the start date.

Grandfathered - Registered Term Investment Accounts we maintain but no longer sell

These rates may change without notice, and any changes will be updated here. To confirm the most recent rates, please contact any of our branches.

HSBC Advance TFSA (no longer sold)

Daily closing balance Interest rate
Up to $1,000,000.00* 
1.15%

HSBC Advance TFSA (no longer sold)

Daily closing balance Up to $1,000,000.00* 
Interest rate 1.15%

* No interest is paid on the portion of the balance over $1,000,000.00.

HSBC Trust Company (Canada)  

Grandfathered (no longer sold)

RRSP & RRIF Savings Option

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance.
On the entire amount when your daily closing balance is:
Current rate
Between $0 and $49,999.00
0.20%
Between $50,000.00 and $99,999.00
0.25%
Between $100,000.00 and $1,000,000.00*
0.50%

RRSP & RRIF Savings Option

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance.
On the entire amount when your daily closing balance is:
Between $0 and $49,999.00
Current rate 0.20%
On the entire amount when your daily closing balance is:
Between $50,000.00 and $99,999.00
Current rate 0.25%
On the entire amount when your daily closing balance is:
Between $100,000.00 and $1,000,000.00*
Current rate 0.50%

* No interest is paid on the portion of the balance over $1,000,000.00.

RRSP & RRIF Fixed Rate Deposit Options (Compounded annually)

Term length Interest rate (min. $500)
180 days 1.00%
270 days 1.00%
1 year 1.45%
2 years 1.70%
3 years 1.80%
4 years 1.90%
5 years 2.00%

RRSP & RRIF Fixed Rate Deposit Options (Compounded annually)

Term length 180 days
Interest rate (min. $500)
1.00%
Term length 270 days
Interest rate (min. $500)
1.00%
Term length 1 year
Interest rate (min. $500)
1.45%
Term length 2 years
Interest rate (min. $500)
1.70%
Term length 3 years
Interest rate (min. $500)
1.80%
Term length 4 years
Interest rate (min. $500)
1.90%
Term length 5 years
Interest rate (min. $500)
2.00%

For RRSPs, the term deposit is redeemable prior to maturity with no interest paid.

For RRIFs, you can redeem all or part of your deposit before its maturity date, but if you do we will not pay interest on the amount redeemed unless we initiate the redemption as a result of receiving:

  • Instructions to make a retirement income payment from your RRIF plan;
  • Instructions to transfer proceeds of the redemption to another RRIF plan you hold with us or any of our subsidiaries or affiliates; or
  • Evidence of death of plan holder

If we pay interest, we will pay it on the amount redeemed for the number of days between the start date and the date up to but not including the date of redemption.

Residential First Mortgage Rates - offered by HSBC Bank Canada

While we know that the interest rate is an important consideration, it shouldn’t be the only deciding factor. Features that allow you to pay your mortgage faster without fees or charges can be just as important when it comes to choosing the right solution for you. We’ll help you choose the right combination of interest rate and term to help you reach your financial goals.

Posted Fixed Rate Open Mortgages

Open Term Rate
6 months 7.10%
1 year 6.35%

Posted Fixed Rate Open Mortgages

Open Term 6 months
Rate 7.10%
Open Term 1 year
Rate 6.35%

Posted Fixed Rate Closed Mortgages

Closed Term Rate
6 months 3.19%
1 year 3.29%
2 year 3.49%
3 year 3.69%
4 year 4.29%
5 year 5.04%
7 year 5.64%
10 year 6.24%

Posted Fixed Rate Closed Mortgages

Closed Term 6 months
Rate 3.19%
Closed Term 1 year
Rate 3.29%
Closed Term 2 year
Rate 3.49%
Closed Term 3 year
Rate 3.69%
Closed Term 4 year
Rate 4.29%
Closed Term 5 year
Rate 5.04%
Closed Term 7 year
Rate 5.64%
Closed Term 10 year
Rate 6.24%

Posted Variable Rate Open Mortgages**

Open Term Rate
3 year 5.45%

Posted Variable Rate Open Mortgages**

Open Term 3 year
Rate 5.45%

Posted Variable Rate Closed Mortgages**

Closed Term Rate
5 year 4.05%

Posted Variable Rate Closed Mortgages**

Closed Term 5 year
Rate 4.05%

** Actual rate will vary depending on fluctuations to HSBC Prime Rate. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. Mortgage Rates above are applicable to First Mortgages only. Some restrictions apply.

Prime Rate / US Base Rate

Prime Rate / US Base Rate
These rates may change without notice, and any changes will be updated here. To confirm the most recent rates, please contact any of our branches.
Term Prime Rate US Base Rate
Rate per annum 3.95%
5.50%
Prime Rate / US Base Rate
These rates may change without notice, and any changes will be updated here. To confirm the most recent rates, please contact any of our branches.
Term Rate per annum
Prime Rate 3.95%
US Base Rate 5.50%

Business Accounts Rates

Rates are subject to change without notice. For further information or to confirm most recent rates, please contact any HSBC branch. Interest rates are expressed on a per annum basis. New accounts receive interest from the date of opening. For all accounts, interest is calculated based on the daily closing balance and paid monthly unless otherwise noted.

HSBC Bank Canada Cash Management Account Reference Rate*

Updated 2019-09-23
CAD USD
3.30% 4.25%

HSBC Bank Canada Cash Management Account Reference Rate*

Updated 2019-09-23
CAD 3.30%
USD 4.25%

*is a reference interest rate used to determine the annual interest rate applicable to deposit balances held in your Cash Management account(s). For more information, contact a relationship manager at a branch near you.

HSBC BusinessVantage Account

Updated 2019-09-23
On the portion of your daily closing balance
CAD USD
Between $5,000.00* and $24,999.99
0.00%
0.00%
Between $25,000.00 and $49,999.99
0.00%
0.00%
Between $50,000.00 and $99,999.99
0.00%
0.00%
Between $100,000.00 and $249,999.99
0.00%
0.00%
Between $250,000.00 and $1,000,000.99**
0.01%
0.01%

HSBC BusinessVantage Account

Updated 2019-09-23
On the portion of your daily closing balance
Between $5,000.00* and $24,999.99
CAD 0.00%
USD 0.00%
On the portion of your daily closing balance
Between $25,000.00 and $49,999.99
CAD 0.00%
USD 0.00%
On the portion of your daily closing balance
Between $50,000.00 and $99,999.99
CAD 0.00%
USD 0.00%
On the portion of your daily closing balance
Between $100,000.00 and $249,999.99
CAD 0.00%
USD 0.00%
On the portion of your daily closing balance
Between $250,000.00 and $1,000,000.99**
CAD 0.01%
USD 0.01%

* No interest is paid if the daily closing balance is under $5,000

** No interest is paid on the portion of the daily balance in excess of $1,000,000.99

Community Service Account

Updated 2015-07-21
Amount CAD
On the entire balance
0.01%

Community Service Account

Updated 2015-07-21
Amount On the entire balance
CAD 0.01%

Commercial Savings Account

Updated 2019-08-06
Amount Canadian Dollar US Dollar Chinese Renminbi
On the entire balance 0.01% 0.00%
0.00%

Commercial Savings Account

Updated 2019-08-06
Amount On the entire balance
Canadian Dollar 0.01%
US Dollar 0.00%
Chinese Renminbi
0.00%

Business Savings Account

Business Savings Account - CAD

Updated 2019-09-01

On the portion of your daily closing balance
CAD
between $0.00 - $24,999.99
0.01%
between $25,000.00 - $499,999.99
1.20%
between $500,000.00 - $999,999.99
1.50%
between $1,000,000.00 - $4,999,999.99
1.75%
between $5,000,000.00 -$49,999,999.99
2.00%
No interest paid for balances greater than $50,000,000.00
0.00%

Business Savings Account - CAD

Updated 2019-09-01

On the portion of your daily closing balance
between $0.00 - $24,999.99
CAD 0.01%
On the portion of your daily closing balance
between $25,000.00 - $499,999.99
CAD 1.20%
On the portion of your daily closing balance
between $500,000.00 - $999,999.99
CAD 1.50%
On the portion of your daily closing balance
between $1,000,000.00 - $4,999,999.99
CAD 1.75%
On the portion of your daily closing balance
between $5,000,000.00 -$49,999,999.99
CAD 2.00%
On the portion of your daily closing balance
No interest paid for balances greater than $50,000,000.00
CAD 0.00%

Business Savings Account - USD

Updated 2019-09-23

Amount USD
On the entire balance 1.50%

Business Savings Account - USD

Updated 2019-09-23

Amount On the entire balance
USD 1.50%

Commercial Investment Account

Updated 2019-09-23
Term CAD USD
Annual rate
1.75% 0.65%

Commercial Investment Account

Updated 2019-09-23
Term Annual rate
CAD 1.75%
USD 0.65%

The Commercial Investment Account rate applies to the entire balance, when the daily closing balance is between $1,000,000.00 and $100,000,000.99.

No interest paid if daily closing balance under $1,000,000.00

No interest paid for balances greater than $100,000,000.99

Notice Account Reference Rate*

Updated 2019-09-23
Term CAD USD
Annual rate 1.675%
1.550%

Notice Account Reference Rate*

Updated 2019-09-23
Term Annual rate
CAD 1.675%
USD 1.550%

*is a reference interest rate used to determine the annual interest rate applicable to deposit balances held in your Notice Deposit account. For more information, contact a relationship manager at a branch near you.

Foreign Currency Savings Accounts

Updated 2014-07-14

Can be opened with the following account types: Business Savings Account, Commercial Investment Account, Commercial Savings Account

Currency Interest
Swiss Franc
0.00%
British Pound
0.05%
Japanese Yen
0.00%
Euro 0.00%
Hong Kong Dollar
0.05%

Foreign Currency Savings Accounts

Updated 2014-07-14

Can be opened with the following account types: Business Savings Account, Commercial Investment Account, Commercial Savings Account

Currency Swiss Franc
Interest 0.00%
Currency British Pound
Interest 0.05%
Currency Japanese Yen
Interest 0.00%
Currency Euro
Interest 0.00%
Currency Hong Kong Dollar
Interest 0.05%

Note: Foreign currency deposits are not eligible for CDIC coverage. 

Small Business Banking Rates

HSBC Small Business High Rate Savings Account

HSBC Small Business High Rate Savings Account - CAD
Updated 2019-08-31
Amount Regular Annual Interest Rate (CAD)
Promotional Annual Interest Rate (CAD)*
On the entire balance, when the daily closing balance is between $0.00 and $49,999.99
0.50% 1.90%
On the entire balance, when the daily closing balance is between $50,000.00 and $199,999.99
0.60%
1.90%
On the entire balance, when the daily closing balance is between $200,000.00 and $499,999.99
0.80%
1.90%
On the entire balance, when the daily closing balance is between $500,000.00 and $999,999.99
1.00%
1.90%
On the entire balance, when the daily closing balance is between $1,000,000.00 and $9,999,999.99
1.20%
1.90%
No interest paid for balances greater than $10,000,000.00
0.00%
0.00%
HSBC Small Business High Rate Savings Account - CAD
Updated 2019-08-31
Amount On the entire balance, when the daily closing balance is between $0.00 and $49,999.99
Regular Annual Interest Rate (CAD)
0.50%
Promotional Annual Interest Rate (CAD)*
1.90%
Amount On the entire balance, when the daily closing balance is between $50,000.00 and $199,999.99
Regular Annual Interest Rate (CAD)
0.60%
Promotional Annual Interest Rate (CAD)*
1.90%
Amount On the entire balance, when the daily closing balance is between $200,000.00 and $499,999.99
Regular Annual Interest Rate (CAD)
0.80%
Promotional Annual Interest Rate (CAD)*
1.90%
Amount On the entire balance, when the daily closing balance is between $500,000.00 and $999,999.99
Regular Annual Interest Rate (CAD)
1.00%
Promotional Annual Interest Rate (CAD)*
1.90%
Amount On the entire balance, when the daily closing balance is between $1,000,000.00 and $9,999,999.99
Regular Annual Interest Rate (CAD)
1.20%
Promotional Annual Interest Rate (CAD)*
1.90%
Amount No interest paid for balances greater than $10,000,000.00
Regular Annual Interest Rate (CAD)
0.00%
Promotional Annual Interest Rate (CAD)*
0.00%

HSBC Small Business High Rate Savings Account - USD

Updated 2019-08-31

Amount Regular Annual Interest Rate (USD)
Promotional Annual Interest Rate (USD)*
On the entire balance 0.25% 1.75%

HSBC Small Business High Rate Savings Account - USD

Updated 2019-08-31

Amount On the entire balance
Regular Annual Interest Rate (USD)
0.25%
Promotional Annual Interest Rate (USD)*
1.75%

HSBC Small Business High Rate Savings Account-Foreign Currency

Currency Interest
Swiss Franc
0.00%
British Pound
0.05%
Japanese Yen
0.00%
Euro 0.00%
Hong Kong Dollar
0.05%
Chinese Renminbi
0.00%

HSBC Small Business High Rate Savings Account-Foreign Currency

Currency Swiss Franc
Interest 0.00%
Currency British Pound
Interest 0.05%
Currency Japanese Yen
Interest 0.00%
Currency Euro
Interest 0.00%
Currency Hong Kong Dollar
Interest 0.05%
Currency Chinese Renminbi
Interest 0.00%

Note: Foreign currency deposits are not eligible for CDIC coverage