Get guaranteed rates on Non-redeemable, Non-registered GICs, and Fixed Rate Redeemable Term Deposits for RRSP, RRIF and TFSA.
These are limited time offers available from March 27, 2020 to April 30, 2020.

HSBC has great GIC offers available to you:

Product
Term
Deposit amount (CAD)
Rate (per annum)
Non-redeemable simple interest
(Non-registered)

30-Day

60-Day

90-Day

120-Day

180-Day

270-Day

$5,000.00 or higher1,2
2.25%
Non-redeemable simple interest
(Non-registered)
1 Year
$1,000.00 or higher1,2
2.25%
Product
Non-redeemable simple interest
(Non-registered)
Term

30-Day

60-Day

90-Day

120-Day

180-Day

270-Day

Deposit amount (CAD)
$5,000.00 or higher1,2
Rate (per annum)
2.25%
Product
Non-redeemable simple interest
(Non-registered)
Term
1 Year
Deposit amount (CAD)
$1,000.00 or higher1,2
Rate (per annum)
2.25%

All rates are subject to change without notice.

1 For New Deposits only, maximum of $5,000,000 CAD per customer.

2 For GICs opened via Online Banking services the maximum per GIC certificate is $99,999.99 (CAD).

 

Terms and Conditions apply. For full details, please read the terms and conditions below.

If you don't already have access, you can register for Online Banking.

If you are new to HSBC, you can open a GIC online in 3 easy steps*:

  • Open a Chequing account or a Savings account online 
  • Once your account is open, fund it instantly using Interac eTransfer or mobile cheque deposit feature within HSBC app
  • Open a GIC through Online banking

*Terms and conditions apply

To contribute to community efforts in limiting the spread of COVID-19, we’ve temporarily reduced opening hours at most of our branches. Please visit our branch locator for updated branch hours in your area.

Offer details:

  • The deposit must be made and the confirmation for the Non-redeemable GIC (simple interest option) must be issued during the period from March 27, 2020 to and including April 30, 2020. 
  • The Non-redeemable GIC must be in Canadian currency. 
  • An online purchase option is also available with a maximum deposit amount of $99,999.99 (CAD) per certificate for the GIC.  Please note that the aggregate daily Online Banking transfer limit of $250,000.00 in Canadian dollars or foreign currency equivalent applies to the accounts held under the same customer number (the first 9 digits of a Chequing or Savings account number). 
  • For GICs purchased using New Deposits (defined below), the total deposits made cannot exceed $5,000,000.00 CAD per customer. However, there is no limit on the number of GICs or the total deposits made if the source of funds used for the deposits are not New Deposits. 
  • In these terms and conditions, “New Deposits” means any funds that come from a source other than the balances held as of March 27, 2020 in any sole or joint account with HSBC Bank Canada or any of its subsidiaries, including deposit accounts (such as Chequing, Savings, Term Deposit and Registered accounts) or investment accounts (such as mutual funds, World Selection Portfolio, Portfolio Investment Management accounts and InvestDirect balances).
  • Interest is calculated daily and is not compounded. 
  • The “Interest Payment Frequency” field in the confirmation for the 1 Year Non-Redeemable GIC purchased via Online Banking services must state “Annually”. 
  • The “Interest Payment Frequency” field in the confirmation for the Non-redeemable GIC purchased in Branch or by Telephone Banking services (where available) must state “At maturity”. 
  • The deposit must be made by an individual, either alone or jointly with other individuals. 
  • The Non-redeemable GIC cannot be held in any registered plan such as RRSP, RRIF or TFSA.
  • Redemption or withdrawal of all or a portion of the Non-redeemable GIC prior to the end of the 30-day, 60-day, 90-day, 120-day, 180-day, 270-day or 1-year term, as applicable, 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.

Why invest with HSBC?

Guaranteed performance

Grow your wealth the guaranteed way.

Safe & secure

Enjoy peace of mind knowing your fixed-term investments are in safe hands.

Competitive rates

With some of the best rates in the market, it’s easier than ever to decide on investing in an HSBC GIC.

Offer expires April 30, 2020. Interest rate is per annum. Interest is calculated daily and is paid at maturity and annually (where applicable). Minimum deposit amounts apply. Terms and Conditions apply.