Canadian Dollar Term Deposits

Invest your money at a competitive rate knowing your interest is guaranteed – and that you can access your principal if you need to before the end of your investment term.

 

Is a Canadian Dollar Term Deposit right for you?

 

A Canadian Dollar Term Deposit may be an ideal investment option if you:

  • Prefer a safe, secure, fixed-term investment
  • Want the flexibility of being able to redeem your original investment prior to maturity1
  • Are looking for a guaranteed rate of return on your savings

Features and benefits

  • Plan for the future
    You know what your returns will be over time, which makes retirement and investment planning easier.
  • Access your money when you need it
    HSBC Canadian Dollar Term Deposits are redeemable prior to maturity1.
  • Choose from a variety of term lengths
    No matter what your savings goals, you’ll find a term that suits your needs – from 30 days to 5 years. For terms under 30 days, please contact an HSBC branch.
  • Renew automatically2
    You can choose to have your principal or principal plus interest renewed at maturity. If you don’t notify HSBC before your term deposit matures, we will renew it automatically at the prevailing, posted rate (certain restrictions apply).
  • Protection for your deposits
    HSBC Canadian Dollar Term Deposits are eligible for CDIC Deposit Insurance.

Choose your interest option

Earn daily interest that is paid out based on the term you choose and the size of your investment.

With a $1,000 minimum deposit and a 1- to 5-year term, you can choose interest to be paid either monthly, semi-annually, or at maturity.

With a $5,000 minimum deposit, you can choose to have:

  • Interest paid monthly on 90-day to 5-year terms
  • Interest paid either monthly or at maturity on 90-day to 1-year terms
  • Interest paid at maturity on 30-day to 1-year terms

Check today’s rates to see how fast your money can grow

If you wish to earn interest at a guaranteed rate and take advantage of a fixed term with the option to redeem at any time.
Term length Interest paid Monthly, non-compounded (min. $5000)
 Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 Interest paid at Maturity , non-compounded (min. $5000)
30 days - -
 0.15%
60 days -
 -
 0.20%
90 days 0.70%
 -
 0.70%
120 days 0.75%
 -
 0.75%
180 days 0.85%
 -
 0.85%
270 days 0.90%
 -
 0.90%
1 year 1.10%
 1.10%
 1.10%
2 years 1.20%
 1.20%
 -
3 years 1.60%
 1.60%
 -
4 years 1.75%
 1.75%
 -
5 years 1.80%
 1.80%
 -

Check today’s rates to see how fast your money can grow

If you wish to earn interest at a guaranteed rate and take advantage of a fixed term with the option to redeem at any time.
Term length 30 days
Interest paid Monthly, non-compounded (min. $5000)
 -
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 -
Interest paid at Maturity , non-compounded (min. $5000)
 0.15%
Term length 60 days
Interest paid Monthly, non-compounded (min. $5000)
 -
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 -
Interest paid at Maturity , non-compounded (min. $5000)
 0.20%
Term length 90 days
Interest paid Monthly, non-compounded (min. $5000)
 0.70%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 -
Interest paid at Maturity , non-compounded (min. $5000)
 0.70%
Term length 120 days
Interest paid Monthly, non-compounded (min. $5000)
 0.75%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 -
Interest paid at Maturity , non-compounded (min. $5000)
 0.75%
Term length 180 days
Interest paid Monthly, non-compounded (min. $5000)
 0.85%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 -
Interest paid at Maturity , non-compounded (min. $5000)
 0.85%
Term length 270 days
Interest paid Monthly, non-compounded (min. $5000)
 0.90%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 -
Interest paid at Maturity , non-compounded (min. $5000)
 0.90%
Term length 1 year
Interest paid Monthly, non-compounded (min. $5000)
 1.10%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 1.10%
Interest paid at Maturity , non-compounded (min. $5000)
 1.10%
Term length 2 years
Interest paid Monthly, non-compounded (min. $5000)
 1.20%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 1.20%
Interest paid at Maturity , non-compounded (min. $5000)
 -
Term length 3 years
Interest paid Monthly, non-compounded (min. $5000)
 1.60%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 1.60%
Interest paid at Maturity , non-compounded (min. $5000)
 -
Term length 4 years
Interest paid Monthly, non-compounded (min. $5000)
 1.75%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 1.75%
Interest paid at Maturity , non-compounded (min. $5000)
 -
Term length 5 years
Interest paid Monthly, non-compounded (min. $5000)
 1.80%
Interest paid Semi-Annually or Annually, non-compounded (min. $1000)
 1.80%
Interest paid at Maturity , non-compounded (min. $5000)
 -

Redeemable prior to maturity with no interest paid. Interest is calculated daily, not compounded and is paid at the interval as opted by you (which may be monthly, semi-annually, annually or at maturity). Rates available on request for deposits of $100,000 or more.

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.

How to apply

New to HSBC?

Call toll-free 1-888-310-4722.

Existing HSBC customers

Log on to Personal Internet Banking and select "Open Online".

1 Redeemable prior to maturity with no interest paid.

2 You can opt into our automatic renewal option when purchasing your term deposit.  If you don’t notify us before maturity, we will automatically re-invest your deposit (either the principal only or principal and any interest earned) at the interest rate applicable on the date of renewal, to help maximize the growth of your savings. Consult your HSBC branch regarding any eligibility &/or restrictions with setting up an automatic renewal option on your term deposit(s).

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/home/Pages/default.aspx
• 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.