Make your money work harder for you

Get a 1.75% total interest rate+ on new deposits± in an HSBC Canadian Dollar High Rate Savings Account*.

 

*Terms and conditions apply.

No matter what you’re saving for, a High Rate Savings Account can help.

For a limited time, earn a bonus interest rate on new deposits± to your HSBC High Rate Savings Account (HRSA)*.

Bonus interest rate for the length of the promotion**:

  • Get a bonus interest rate of 1.70%+ on new deposits only± of up to $1,000,000 CAD, plus

  • A 0.05%+ regular interest rate on the entire HRSA balance.

  • This means you get a 1.75%+ total annual interest rate during the promotion period.

Limited time offer from September 13, 2021 to December 16, 2021.

 

**All rates are per annum and subject to change without notice.

 

Full Terms and Conditions available here

Here’s how to get started

Already have a High Rate Savings Account?

If you have an existing High Rate Savings Account, you can conveniently make new deposits± through various channels.

Already an HSBC customer, but don’t have a High Rate Savings Account?

If you are an existing HSBC customer, simply log on to Online Banking to open a new High Rate Savings Account.

New to HSBC?

You can open a new High Rate Savings Account digitally using HSBC EasyID.

How to start earning bonus interest in your existing or newly opened HRSA:

You can conveniently make new deposits± through the following channels:

  • by taking a photo of the cheque using the Mobile Cheque Deposit feature on your HSBC Canada app

  • INTERAC e-Transfer®

  • ATM deposits

  • Branch deposits

Please read full Terms and conditions.

Other ways to get started

FAQ

Q: Who qualifies for the promotion?

A: Promotion is available to new and existing HSBC customers with new deposits± up to $1,000,000 in an HSBC Canadian Dollar High Rate Savings Account.

 

Q: What is the promotion period?

A: September 13, 2021 to December 16, 2021.

 

Q: Is there a maximum I can earn on new deposits?

A: Bonus interest is earned on new deposits± of up to a combined $1,000,000 in all HRSAs, i.e. the limit is not per HRSA.

 

Q: What accounts do not qualify for this promotion?

A: New deposits in foreign currency, Investment Savings, Premier Youth, Advance and Regular savings accounts, Youth Savings and registered accounts such as Tax Free Savings, RRSP and RRIF accounts, Trust Accounts, Personal Holding Company Accounts, non-personal accounts, do not qualify for bonus interest.

 

Q: How does the bonus interest work?

A: A bonus interest rate of 1.70%+ will be earned on new deposits± in your HSBC Canadian Dollar High Rate Savings Account (HRSA) in addition to regular interest during the promotion period.  The 1.70%+ bonus interest rate is per annum, calculated daily on the daily closing balance of the new deposits and paid monthly.

 

Q: What is HSBC EasyID?

A: With HSBC EasyID you can start and finish your account application online within a few minutes with instant identity verification. All you will need is an unexpired piece of I.D. such as a passport, Driver’s License or Provincial government issued ID.

*Terms and conditions apply. Limited time offer.

 

Promotion period: September 13, 2021 to December 16, 2021.

 

+All rates are per annum as of September 10, 2021, and subject to change.

 

The  regular interest rate is calculated daily and paid monthly.

 

Bonus interest is earned on new deposits of up to a combined CAD $1,000,000 in all HRSAs.

The bonus interest rate on new deposits is 1.70% per annum and is calculated daily on the daily closing balance and is paid monthly.

 

±New deposits is the lower amount of the increase in total deposits (all your deposit accounts under the same Customer Account Number with HSBC Bank Canada) and increase in High Rate Savings Account Balance.

 

Deposits with HSBC at the close of business day on September 10, 2021 are not new deposits and do not qualify for the bonus interest.

 

Customers with multiple HRSAs in the same Customer Account Number can accrue bonus interest on new deposits in each HRSA but bonus interest will be added together and paid into the HSBC High Rate Savings Account first opened.

 

Any calculated but unpaid bonus interest on new deposits in a HRSA will be forfeited if that HRSA is closed before the bonus interest is paid.

 

®Trade-mark of Interac Inc. Used under license

CDIC / SADC

High Rate Savings Accounts are eligible for CDIC coverage. For more information go to https://www.cdic.ca/your-coverage/protecting-your-deposit/