Redeemable GIC

Enjoy peace of mind knowing what your investment will earn over a fixed period of time, while maintaining the flexibility to redeem early if necessary.

Next steps

Apply at a branch Find your nearest branch

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

Is a Redeemable GIC right for you?

An HSBC Redeemable GIC may be an ideal investment option if you:

  • Prefer a safe, secure, fixed-term investment
  • Want the flexibility of being able to redeem your investment should you decide not to stay invested for an entire year1
  • Invest a minimum of $1,000 for a 1-year term
  • Canadian dollar only

Features and benefits

  • Plan for the future
    You know what your returns will be, which makes retirement and investment planning easier.
  • Access your money on or after 90 days without penalty
    Your Redeemable GIC can be redeemed on or after 90 days with no interest penalty1.
  • Choose a 1-year term with a minimum $1,000 investment
    Redeemable GICs are available only for a 1-year term.
  • Earn daily interest
    Interest is calculated daily, not compounded, and is paid at time of redemption or maturity.
  • Protection for your deposits
    Canadian dollar redeemable GICs are eligible for CDIC Insurance.

Check today's rates

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

Check today's rates

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

Redeemable on or after 90 days with no interest penalty. Redeemable at 0% interest during the first 89 days. Interest is calculated daily, non-compounded and paid at time of redemption or at maturity.

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.

1 You can access your principal on or before 89 days, however, 0% interest will be paid

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.