A flexible way to create a comfortable retirement

Reduce your income tax while investing for your retirement with an HSBC Registered Retirement Savings Plan (RRSP) Variable Savings option. Take advantage of the many benefits of this simple and flexible RRSP investment.
  • There's no minimum deposit1, so it's easy to get started with as little or as much as you like
  • Earn a higher interest rate as your balance increases

Start saving for your retirement today with the HSBC RRSP Variable Savings option.

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

Flexibility when you contribute, transfer or redeem

  • Set up an automatic Monthly Investment Plan to make contributing easy. Your investment will grow faster and you won’t have to worry about RRSP deadlines
  • Contribute online through Online Banking
  • Transfer your funds to a wide range of other HSBC RRSP investment options whenever you like2. There's no penalty or fee to do so
  • Access your RRSP funds easily if unexpected circumstances arise, without paying an early redemption interest penalty3

RRSP & Registered Retirement Income Fund (RRIF) Savings Option term details

 
On the entire amount when your daily closing balance is:
Current Rate
Up to $49,999
0.20%
Between $50,000 - $99,999
0.25%
Between $100,000 - $1,000,000
0.50%

RRSP & Registered Retirement Income Fund (RRIF) Savings Option term details

 
On the entire amount when your daily closing balance is:
Up to $49,999
Current Rate
0.20%
On the entire amount when your daily closing balance is:
Between $50,000 - $99,999
Current Rate
0.25%
On the entire amount when your daily closing balance is:
Between $100,000 - $1,000,000
Current Rate
0.50%

No minimum deposit. Interest calculated daily and paid monthly. Interest is calculated up to the balance of $1,000,000 only, no interest will be paid on any portion over the balance of $1,000,000.

Rates are subject to change without prior notice. For information and to confirm most recent rates, please contact any HSBC branch.

1 No minimum deposit. Interest calculated daily and paid monthly. Interest is calculated up to the balance of $1,000,000 only. No interest will be paid on any portion over the balance of $1,000,000.

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

3 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.