Invest assured and take advantage of up to 4.88% on Registered term deposits (TFSA, RRSP, RRIF) and GICs.*

* All rates are per annum and subject to change to without notice. Offers available until March 31, 2023.

If you're looking for safe returns, look no further than in a Guaranteed Investment Certificate.  It’s in the name.

Whether you’ve invested in GICs or Term deposits or interested in rebalancing your investment strategy, with our special GIC and Registered Term deposit offers, you’ll not only get a great return, but a strong one at that.

Registered term deposit:  TFSA1, RRSP2 and RRIF3

  • 1-year term at 4.88% per year*
  • 2-year term at 4.75% per year*
  • 3-year term at 4.50% per year*

 

For full details, please read the Terms and Conditions

Non-redeemable, non-registered GICs

  • 1-year term at 4.88% per year*
  • 2-year term at 4.75% per year*
  • 3-year term at 4.50% per year*
 
For full details, please read the Terms and Conditions

Redeemable GIC and TFSA Redeemable GICs

  • 4.38%* per annum on a 1-year Redeemable, non-registered GIC
  • 4.38%* per annum on a 1-year TFSA Redeemable GIC

 

For full details, please read the Terms and Conditions

 

*Starting at only $500 CAD to a maximum of $5,000,000 CAD per customer+. Offers available from February 2, 2023 to March 31, 2023.

Start investing today

Existing HSBC customers

Open your GIC online today in just a few clicks:
1)    Log into Online Banking
2)    Choose a GIC from the available options, follow the steps, and enjoy a great rate.

 

Registered term deposits for RRSP and RRIF can be purchased through the branch or through telephone banking where available.

New to HSBC? Welcome.

As a new customer, you need to first open an account before you can open a GIC. You can do it all online in just a few steps. Alternatively, call us at 1-888-310-4722 if you need assistance.

 

1)    Start by opening a Savings or Chequing account using the link below. It’s easy and fast to complete the process online.

 

2)    Once your bank account is open, transfer the funds from another financial institution via INTERAC e-Transfer®, Mobile Cheque Deposit feature within the HSBC app, or make an ATM or branch deposit.

 

3)    When the transfer is complete, log into Online Banking, select the available GIC options and open your GIC easily and securely.

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: The Registered Term deposit offer is available for RRSP, RRIF or TFSA accounts. Also, the TFSA redeemable GIC is available for TFSA accounts. The Registered 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. 

The TFSA redeemable GIC must be opened by an individual of the TFSA account 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

Interested in a U.S. Dollar term deposit?

Invest U.S. Dollars at a fixed rate and enjoy the peace of mind of a worry-free investment.

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

* All rates are per annum as of February 2, 2023. All offers are available from February 2, 2023 to March 31, 2023 and subject to change without notice.

 

1The offers for Registered term deposits for TFSA and TFSA redeemable GICs can be opened through Online Banking, the Branch and Telephone Banking services. 

 

2 The offer for Registered term deposits for RRSP  can be opened through the Branch and through Telephone Banking services.

 

3 The offer for Registered term deposits for RRIF can only be opened through the Branch.

 

Terms and conditions apply for the special offers:

 

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

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

• 1-year Redeemable GIC and 1-year TFSA redeemable GIC

 

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 or 3-year non-redeemable non-registered 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 or 3-year non-redeemable, non-registered GIC as applicable 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 or 3-year non-redeemable, non-registered GIC as applicable must state “At maturity”.

 

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

 

For 1-year 2-year and 3-year Registered term deposit offer for TFSA, interest is not compounded, and is paid annually. The “Interest Payment Frequency” field in the confirmation must state “Annually”.

 

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

 

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

 

Redeemable non-registered GIC and TFSA redeemable GIC Interest calculation:


Interest is calculated daily, not compounded and is paid at time of redemption or maturity.

 

Redemption

 

Non-redeemable, non-registered GIC offers:

 

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.

 

Redeemable, non-registered GIC and TFSA redeemable GIC offers:

 

Redemption or withdrawal of all or portion of the Redeemable, non-registered GIC or TFSA redeemable GIC, prior to the end of the 1-year term is allowed, subject to the following:
• If the deposit is maintained for at least 90 days, then interest will be paid for the period up to the withdrawal. 
• If the principal is withdrawn within the first 89 days, then no interest will be paid.  

 

For each TFSA term deposit, TFSA Redeemable GIC, 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.