Get 4.75% per annum on Canadian dollar non-redeemable, non-registered GICs.*

Limited time special offers until December 30, 2022. Offers are also available for registered accounts (TFSA, RRSP, RRIF)*.

 

* Terms and conditions apply. All rates are subject to change without notice.

Enjoy a great rate of return with HSBC’s special GIC and registered term deposit offers.

Canadian dollar non-redeemable, non-registered GIC offers

  • 1-year term at 4.75% per annum*

  • 2-year term at 4.75% per annum*

  • 3-year term at 4.75% per annum*

*Terms apply. All rates are subject to change without notice.

 

For full details, please read the Terms and Conditions.

Registered term deposits offers (TFSA, RRSP and RRIF)

  • 1-year term at 4.75% per annum*

  • 2-year term at 4.75% per annum*

  • 3-year term at 4.75% per annum*

*Terms apply. All rates are subject to change without notice.

 

For full details, please read the Terms and Conditions.

 

TFSA term deposits can be opened through Online Banking, the Branch and Telephone Banking services. RRSP fixed rate term deposits can be opened through the Branch and through Telephone Banking services, while RRIF fixed rate term deposits can only be opened through the Branch.  

Enjoy the peace of mind of a worry-free investment.
Starting at only $500 CAD to a maximum of $5,000,000 CAD per customer(+).
Offers available from November 1, 2022 to December 30, 2022.

Multiple ways to get started

Need to talk to us? Call us at 1-888-310-HSBC (4722)

Frequently asked questions

Q: Is there a maximum I can invest in these offers?

A: The maximum total deposits made under each customer for these special offers is $5,000,000 CAD+.

 

Q: What currency is available for the special offers?

A: Canadian dollar only.

 

Q: How is interest calculated?

A: For simple interest option, interest is calculated daily, non-compounded and paid at maturity or annually. For compounded interest option, interest is calculated daily, compounded annually and paid at maturity, or annually where applicable.

 

Q: Is this offer available for RRSP, RRIF or TFSA accounts?

A: Yes, this offer is also available for RRSP, RRIF or TFSA accounts. The term deposit must be opened by an individual holder of the RRSP, RRIF or TFSA account, as applicable and must be held in that account. Customers are solely responsible for determining whether any contribution to their RRSP or TFSA account is within their contribution limits as imposed by applicable law.

 

Q: How do I register for Online Banking as an existing HSBC customer?

A: You can register for online banking here

 

Q: I am new to HSBC, how can I invest in the 1-year redeemable, non-registered GIC or 1-year TFSA redeemable GIC online?

A: First become an HSBC Bank Canada customer by opening a bank account such as a Savings Account or Chequing Account digitally. Once your bank account is opened, you can fund it with an INTERAC e-Transfer® from another bank, use the Mobile Cheque Deposit feature within the HSBC app, or make an ATM or Branch deposit.

Not sure which savings or investment option is the one for you?

* All rates are per annum as of November 1, 2022 and subject to change without notice. Offers available from November 1, 2022 to December 30, 2022.

 

Terms and conditions apply for the special offers:

1-year, 2-year and 3-year non-redeemable, non-registered GICs

• RRSP fixed rate term deposits, RRIF fixed rate term Deposits, and TFSA term deposits

 

Non-redeemable, non-registered GICs interest calculation:

 

1-year non-redeemable, non-registered GIC (simple interest): Interest is calculated daily, not compounded and is paid at maturity.

 

2-year GIC (simple interest and compound interest options): For simple interest option, interest is calculated daily, not compounded and is paid annually.  The “Interest Payment Frequency” field in the confirmation for the 2-year non-redeemable, non-registered GIC must state “Yearly” or “Annually”.   For compound interest option, interest is compounded annually and paid at maturity. The “Interest Payment Frequency” field in the confirmation for the 2-year non-redeemable, non-registered GIC must state “At maturity”.

 

3-year GIC (simple interest and compound interest options): For simple interest option, interest is calculated daily, not compounded and is paid annually.  The “Interest Payment Frequency” field in the confirmation for the 3-year non-redeemable, non-registered GIC must state “Yearly” or “Annually”. For compound interest option, interest is compounded annually and paid at maturity. The “Interest Payment Frequency” field in the confirmation for the 3-year non-redeemable, non-registered GIC must state “At maturity”.

 

TFSA term deposits, RRSP and RRIF fixed rate term deposits interest calculation:

 

For 1-Year 2-Year and 3-Year TFSA term deposit, interest is not compounded, and is paid annually.  For the 1-Year, 2-Year and 3-Year TFSA term deposit, the “Interest Payment Frequency” field in the confirmation for the special offers purchased in Branch, Online Banking or by Telephone Banking services (where available) must state “Annually”.

 

For 1-Year RRSP term deposit and RRIF term deposit, interest is not compounded, and is paid at maturity.

 

For 2-Year and 3-Year RRSP term deposit and RRIF term deposit, interest is compounded annually and is paid at maturity.

 

Redemption

 

Non-registered GIC:

 

Redemption or withdrawal of all or portion of the 1-year, 2-year or 3-year non-redeemable, non-registered GIC prior to the end of the, 1 year, 2 year or 3 year terms is not allowed. If we permit you to withdraw prior to the end of the term, we will not pay you any interest on the withdrawn amount. Registered term deposits: For the 1-year, 2-year or 3-year TFSA term deposit and the RRSP term deposit, redemption or withdrawal of all or a portion of the deposit prior to the end of the term is allowed.  However, if you withdraw prior to the end of the term, we will not pay you any interest on the withdrawn amount.

 

For the 1-year, 2-year or 3-year RRIF term deposit, the deposit is redeemable.  However, we will not pay you interest on the amount redeemed, unless we initiate the redemption as a result of receiving: (a) instructions to make a retirement income payment from your RRIF plan, (b) instructions to transfer proceeds of the redemption to another RRIF plan you hold with us or any of our subsidiaries or affiliates, or (c) evidence of death of plan holder. In the cases above, we will pay interest at the fixed interest rate above on the amount withdrawn for the number of days between the Start Date and the date up to but not including the date of withdrawal.

 

+ For each TFSA term deposit, RRSP term deposit and RRIF term deposit, the deposit must be made by an individual holder of the TFSA, RRSP or RRIF plan/account and be held in that plan/account.  There is no limit on the number of term deposits obtained under this offer per customer.  Customers are solely responsible for determining whether any contribution to their TFSA or RRSP plan/account is within their contribution limits as imposed by applicable law.

 

The special offers may not be combined with any other offers.