High Rate | Savings Account | HSBC Bank Canada

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High Rate Savings Account

High Rate Savings Account

Choose a High Rate Savings Account if you:

Are saving for the short or long term
Want your savings to work harder
Don't make many debit transactions

For full details regarding any fees which may apply, please refer to the Personal Service Charges/Statement of Disclosure.

Put your global financial goals in closer reach with an HSBC High Rate Savings Account.

Open an account How to apply for High Rate Savings Account

Key features and benefits

A competitive interest rate¹

Make more on every dollar in your CAD High Rate Savings Account. Interest is calculated daily and paid monthly to you. Check today's rate.
No minimum balance

You don't have to have a minimum amount in your account to get a great high interest savings rate.
Free fund transfers

Transfer funds between your HSBC High Rate Savings Account and your other HSBC accounts for free.

Many ways to access your funds

Access your savings account online, by phone, and at thousands of HSBC Bank Canada and THE EXCHANGE® network ATMs across Canada and around the world.
No monthly fees

You don't have to pay administration fees either, so more of your savings stay in your account.

Open an account

New to HSBC?

are a new HSBC Bank Canada customer
are applying for a sole account only
are at least 18 year old
have a Canadian residential address

Apply online for an HSBC High Rate Savings Account.

With HSBC EasyID your identity is verified instantly making it faster, easier and more convenient. Before you start, have one of the following pieces of I.D on-hand (make sure the I.D you are using hasn’t expired):

Passport
Driver’s Licence or
Provincial government Issued I.D.

Get started now Contact us form

Contact
Your current email address and mobile phone number
Addresses
Primary addresses you've lived at for the last 3 years
Employment
Your employment details including company name address
Income
Your annual income details
Taxes
Tax residency information including SIN/SSN/TIN (if available)

Already have an HSBC account?

It’s quick and easy to open a High Rate Savings Account. Simply log on to Online Banking select “Open New Account” and follow the instructions.

Open Online

If you're an existing customer, but have not registered for Personal Internet Banking, you can register here.

Not sure which savings or investment option is the one for you?

Help me choose

Regular Savings Accounts in CAD and foreign currencies (U.S., Euro, Swiss, British, Japanese) and Investment Savings Accounts are no longer offered by HSBC. For information on any of these accounts, call us at

1-888-310-4722 or visit your local branch.

^® THE EXCHANGE. User licensed in Canada by FICANEX Services Limited partnership on behalf of Fiserv EFT.

^* Terms and conditions apply. All rates are subject to change without notice.

¹ Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch.

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High Rate Savings Account

Make your money work harder for you and get a total annual interest rate of up to 6.35%* on new deposits with an HSBC Canadian Dollar High Rate Savings Account from October 16, 2023 to January 12, 2024.