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HSBC Redeemable GIC

A secure investment that's available when you need it.

Roll on up with 4.90%* per year on a 1-year TFSA Redeemable GIC or a Canadian dollar 1-year redeemable, non-registered GIC

Limited time offer ends on December 31, 2023. Terms apply.*

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

Already an HSBC Client?

If you're new to HSBC, please visit your nearest HSBC 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 $500 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 $500 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. $500)
Available for 1 year term only.

Check today's rates

Interest paid at maturity, not compounded.
Term Length
Available for 1 year term only.
Interest Rate (min. $500)

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.

* Terms and conditions apply. All rates are as of December 11, 2023 and are subject to change without notice.

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

We may make changes to the Agreement governing Term deposits (TD)/Guaranteed Investment Certificates (GIC) from time to time, to reflect changes or requirements of the law, new features, and/or changes in business practice. If we do, before the changes take effect we will tell you where the current terms and conditions can be found on our website.

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

• Read "Protecting Your Deposits." Visit CDIC to download a copy.

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