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.

Next steps

Or call toll-free 1-888-310-4722

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 your payment interest option
  • 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.

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

Canadian Dollar GIC

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 1.45%
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%
-

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

Canadian Dollar GIC

Term Length

30 days

Monthly Interest 
(min. $5000)

-

Semi-annual
Interest (min. $1000)

-

Annual Interest 
(min. $1000)

-

Annual Compound Interest (min. $1000)

-

Interest at Maturity
(min. $5000)

0.20%

Term Length

60 days

Monthly Interest 
(min. $5000)

-

Semi-annual
Interest (min. $1000)

-

Annual Interest 
(min. $1000)

-

Annual Compound Interest (min. $1000)

-

Interest at Maturity
(min. $5000)

0.40%

Term Length

90 days

Monthly Interest 
(min. $5000)

0.95%

Semi-annual
Interest (min. $1000)

-

Annual Interest 
(min. $1000)

-

Annual Compound Interest (min. $1000)

-

Interest at Maturity
(min. $5000)

0.95%

Term Length

120 days

Monthly Interest 
(min. $5000)

0.95%

Semi-annual
Interest (min. $1000)

-

Annual Interest 
(min. $1000)

-

Annual Compound Interest (min. $1000)

-

Interest at Maturity
(min. $5000)

0.95%

Term Length

180 days

Monthly Interest 
(min. $5000)

1.00%

Semi-annual
Interest (min. $1000)

-

Annual Interest 
(min. $1000)

-

Annual Compound Interest (min. $1000)

-

Interest at Maturity
(min. $5000)

1.00%

Term Length

270 days

Monthly Interest 
(min. $5000)

1.10%

Semi-annual
Interest (min. $1000)

-

Annual Interest 
(min. $1000)

-

Annual Compound Interest (min. $1000)

-

Interest at Maturity
(min. $5000)

1.10%

Term Length

1 year

Monthly Interest 
(min. $5000)

1.45%

Semi-annual
Interest (min. $1000)

1.45%

Annual Interest 
(min. $1000)

1.45%

Annual Compound Interest (min. $1000)

1.45%

Interest at Maturity
(min. $5000)

1.45%

Term Length

2 years

Monthly Interest 
(min. $5000)

1.70%

Semi-annual
Interest (min. $1000)

1.70%

Annual Interest 
(min. $1000)

1.70%

Annual Compound Interest (min. $1000)

1.70%

Interest at Maturity
(min. $5000)

-

Term Length

3 years

Monthly Interest 
(min. $5000)

1.80%

Semi-annual
Interest (min. $1000)

1.80%

Annual Interest 
(min. $1000)

1.80%

Annual Compound Interest (min. $1000)

1.80%

Interest at Maturity
(min. $5000)

-

Term Length

4 years

Monthly Interest 
(min. $5000)

1.90%

Semi-annual
Interest (min. $1000)

1.90%

Annual Interest 
(min. $1000)

1.90%

Annual Compound Interest (min. $1000)

1.90%

Interest at Maturity
(min. $5000)

-

Term Length

5 years

Monthly Interest 
(min. $5000)

2.00%

Semi-annual
Interest (min. $1000)

2.00%

Annual Interest 
(min. $1000)

2.00%

Annual Compound Interest (min. $1000)

2.00%

Interest at Maturity
(min. $5000)

-

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.

 

 

* Terms and conditions apply. Interest is calculated daily, not compounded and paid at maturity. The funds used to make a deposit must come from a source other than the balances held as of July 2, 2019 in any sole or joint account with HSBC Bank Canada or any of its subsidiaries. Minimum deposit in Canadian currency only is $5,000. There is no limit on the number of GICs that can be made under this offer but the total deposit cannot exceed $2,000,000 CAD per customer. Redemption or withdrawal of all or portion of the deposit held in the GIC prior to the end of the term is not allowed. If we permit you to withdraw prior to the end of the term, we will not pay you interest.

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/

• 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.