Get increased interest rates over the term of your investment

The HSBC Registered Retirement Savings Plan (RRSP) Ascending Rate Guaranteed Investment Certificate (GIC™) gives you great rates, the peace of mind of guaranteed returns, and the flexibility to redeem before maturity.

Get increased interest rates over the term of your investment with the HSBC RRSP Ascending Rate GIC™

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

The longer you invest, the higher your rate

  • Your interest rate is guaranteed to increase each year of the 5-year term, with penalty-free redemptions on your 3rd or 4th anniversary date. It’s an easy way to grow your retirement nest egg with RRSPs
  • When held until maturity, you’ll receive the full fixed rate of interest for each applicable year, calculated daily and compounded annually, on the anniversary date (or next business day) of your term – see the chart below for details.
  • You can redeem at other times during your term1, but with an interest rate penalty2
  • Auto-renewal at maturity is not available
     

It’s easy to contribute

  • Start with a CAD $500 minimum deposit for a risk-free option that provides a stable foundation for your overall retirement savings
  • Contribute online through Online Banking

HSBC RRSP Ascending Rate GIC™

Year Issue rate Redemption rate
Year 1 0.75%
0.00%
Year 2 0.90%
0.00%
Year 3 1.20%
1.20%
Year 4 1.70%
1.70%
Year 5 3.50%
3.50%

HSBC RRSP Ascending Rate GIC™

Year Year 1
Issue rate 0.75%
Redemption rate 0.00%
Year Year 2
Issue rate 0.90%
Redemption rate 0.00%
Year Year 3
Issue rate 1.20%
Redemption rate 1.20%
Year Year 4
Issue rate 1.70%
Redemption rate 1.70%
Year Year 5
Issue rate 3.50%
Redemption rate 3.50%

The government requires the Bank to withhold a percentage for taxes if redeemed and not transferred into another Retirement Savings Plan (RSP) vehicle.

2 $500 minimum deposit (CAD only). No penalties if redeemed on the 3rd or 4th anniversary dates or on the Maturity Date. No interest paid on redemptions during the 1st and 2nd year. Interest is calculated daily. When held until maturity, you will receive the Issue Rate of interest for each applicable year compounded annually, on the anniversary date (or next business day).

All rates are subject to change without notice and are provided for information purposes only. For information and to confirm most recent rates, please call 1-888-310-4722 or visit an HSBC branch near you. HSBC RRSP Ascending Rate GIC™ is a registered trade-mark of HSBC Holdings plc. Used pursuant to license.