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Choose a worry-free HSBC Foreign Currency Term Deposit from HSBC

Foreign Currency Term Deposits

Invest your Australian Dollars, Great Britain Pounds, Euros, Hong Kong Dollars and Renminbi at a competitive rate knowing your interest rate is guaranteed.


Is a Foreign Currency term deposit right for you?


HSBC Foreign Currency Term Deposits may be an ideal investment option if you:

  • Prefer a safe, secure fixed-term investment
  • Can invest with a minimum of CDN $50,000 or equivalent (for Renminbi, CDN $5,000 equivalent minimum investment)
  • Want to protect your foreign currency from exchange rate fluctuations
  • Do not need to access your principal before maturity, as this investment is non-redeemable

Earn more on your foreign currency savings with an HSBC Foreign Currency Term Deposit.

Call toll-free 1-888-310-4722

Features and benefits

  • Plan for the future
    You know what your returns will be over time, which makes retirement and investment planning easier.
  • Choose from a variety of term lengths
    You’ll find a term that suits your needs – from 30 days to 1 year.
  • Interest paid at maturity
    You earn daily interest and it is paid out when your investment matures.

For current rates, call toll-free 1-888-310-4722 or visit an HSBC branch.

The principal and interest earned in the term deposit will be subject to changes in currency-exchange rates if you plan on converting into or out of a foreign currency at maturity. For example, if you plan on converting your term deposit into Canadian dollars at the end of the term, the principal and interest earned in your term deposit may be subject to risk if between the time that you invest and the time that you receive payment the foreign currency has declined in comparison to the Canadian dollar. You may choose to rollover your foreign currency term deposit upon maturity and receive the prevailing rate at the time of renewal. Should you choose a payout, there are a variety of options available to you: if a corresponding foreign currency savings account exists, the matured term deposit can be deposited into such account; or you can have a bank draft issued in the foreign currency amount with the exception of Renminbi currency. For Renminbi Term Deposits, deposits and withdrawals of Renminbi in cash and bank draft are not allowed. Transfer of funds in and out of the Renminbi Term Deposits are required to process via a deposit account, e.g. a Renminbi savings account or a Canadian savings or chequing account. Funds in Renminbi can be transferred in to a Renminbi savings account through wires or inter-account transfers; or convert the term deposit amount into Canadian dollars and deposit it into the corresponding deposit account with HSBC Bank Canada; or convert the term deposit amount into a foreign currency for which HSBC Bank Canada offers a savings account (for example US dollar accounts) and deposit it into such account.

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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