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Savings Account Interest Rates

Canadian Dollar Savings Accounts

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance CAD High Rate Savings
Up to $24,999.99 1.35%
Between $25,000 and $49,999.99
 1.85%
Between $50,000 and $99,999.99
 1.85%
$100,000.00 and over
 1.85%

Canadian Dollar Savings Accounts

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Up to $24,999.99
CAD High Rate Savings 1.35%
Daily closing balance Between $25,000 and $49,999.99
CAD High Rate Savings 1.85%
Daily closing balance Between $50,000 and $99,999.99
CAD High Rate Savings 1.85%
Daily closing balance $100,000.00 and over
CAD High Rate Savings 1.85%
Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance CAD Youth Savings (formerly  Premier Youth Savings)
Up to $24,999.99 1.85%
Between $25,000 and $49,999.99
 1.85%
Between $50,000 and $99,999.99
 1.85%
$100,000.00 and over
 1.85%
Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Up to $24,999.99
CAD Youth Savings (formerly  Premier Youth Savings)
 1.85%
Daily closing balance Between $25,000 and $49,999.99
CAD Youth Savings (formerly  Premier Youth Savings)
 1.85%
Daily closing balance Between $50,000 and $99,999.99
CAD Youth Savings (formerly  Premier Youth Savings)
 1.85%
Daily closing balance $100,000.00 and over
CAD Youth Savings (formerly  Premier Youth Savings)
 1.85%

Foreign Currency Savings Accounts

Interest is calculated on your entire account balance, using the rate that corresponds to your daily closing balance (in the currency of the account):
Daily closing balance USD High Rate Savings GBP High Rate Savings* EUR High Rate Savings* HKD Foreign Currency Savings
 RMB Foreign Currency Savings
Up to $24,999.99  0.50%
 0.25%
 0.05%
 0.05%
 0.00%

Between $25,000 and $49,999.99

 0.50%
 0.25%
 0.05%
 0.05%
 0.00%

Between $50,000 and $99,999.99

 0.50%
 0.25%
 0.05%
 0.05%
 0.00%

$100,000.00 and over*

 0.50%
 0.25%
 0.05%
 0.05%
 0.00%

Foreign Currency Savings Accounts

Interest is calculated on your entire account balance, using the rate that corresponds to your daily closing balance (in the currency of the account):
Daily closing balance Up to $24,999.99 
USD High Rate Savings 0.50%
GBP High Rate Savings* 0.25%
EUR High Rate Savings* 0.05%
HKD Foreign Currency Savings
 0.05%
RMB Foreign Currency Savings
 0.00%
Daily closing balance

Between $25,000 and $49,999.99
USD High Rate Savings 0.50%
GBP High Rate Savings* 0.25%
EUR High Rate Savings* 0.05%
HKD Foreign Currency Savings
 0.05%
RMB Foreign Currency Savings
 0.00%
Daily closing balance

Between $50,000 and $99,999.99
USD High Rate Savings 0.50%
GBP High Rate Savings* 0.25%
EUR High Rate Savings* 0.05%
HKD Foreign Currency Savings
 0.05%
RMB Foreign Currency Savings
 0.00%
Daily closing balance

$100,000.00 and over*
USD High Rate Savings 0.50%
GBP High Rate Savings* 0.25%
EUR High Rate Savings* 0.05%
HKD Foreign Currency Savings
 0.05%
RMB Foreign Currency Savings
 0.00%

*No interest is paid on the portion of the balance over $1,000,000.00 (in the currency of account) on GBP/EUR High Rate Savings accounts.

Grandfathered Canadian Dollar Savings Accounts (no longer sold)

For Investment Savings accounts, you receive different interest rates on different portions of your daily closing balance if it is $50,000.00 and over. 

On the entire balance up to $49,999.99:
Daily closing balance Interest rate
Between $0 and $4,999.99
 0.05%
Between $5,000.00 and $24,999.99
 0.05%
Between $25,000.00 and $49,999.99
 0.05%

On the entire balance up to $49,999.99:
Daily closing balance Between $0 and $4,999.99
Interest rate 0.05%
Daily closing balance Between $5,000.00 and $24,999.99
Interest rate 0.05%
Daily closing balance Between $25,000.00 and $49,999.99
Interest rate 0.05%
On the portion of your daily closing balance:
Daily closing balance Interest rate
Between $50,000.00 and $99,999.99
 0.05%
$100,000.00 and over
 0.05%
On the portion of your daily closing balance:
Daily closing balance Between $50,000.00 and $99,999.99
Interest rate 0.05%
Daily closing balance $100,000.00 and over
Interest rate 0.05%
For other accounts, interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Regular Savings HSBC Advance Savings
Up to $4,999.99
 0.05%
 0.05%
Between $5,000.00 and $24,999.99
 0.05%
 0.05%
Between $25,000.00 and $49,999.99
 0.05%
 0.05%
Between $50,000.00 and $99,999.99
 0.05%
 0.05%
$100,000.00 and over
 0.05%
 0.05%
For other accounts, interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Up to $4,999.99
Regular Savings 0.05%
HSBC Advance Savings 0.05%
Daily closing balance Between $5,000.00 and $24,999.99
Regular Savings 0.05%
HSBC Advance Savings 0.05%
Daily closing balance Between $25,000.00 and $49,999.99
Regular Savings 0.05%
HSBC Advance Savings 0.05%
Daily closing balance Between $50,000.00 and $99,999.99
Regular Savings 0.05%
HSBC Advance Savings 0.05%
Daily closing balance $100,000.00 and over
Regular Savings 0.05%
HSBC Advance Savings 0.05%

TFSA High Rate Savings Account

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Interest rate
Up to $49,999.99
 1.85%
Between $50,000 and $99,999.99
 1.85%
Between $100,000.00 and $1,000,000.00*
 1.85%

TFSA High Rate Savings Account

Interest is calculated on your entire account balance using the rate that corresponds to your daily closing balance:
Daily closing balance Up to $49,999.99
Interest rate 1.85%
Daily closing balance Between $50,000 and $99,999.99
Interest rate 1.85%
Daily closing balance Between $100,000.00 and $1,000,000.00*
Interest rate 1.85%

HSBC Advance TFSA (no longer sold)

Daily closing balance Interest rate
Up to $1,000,000.00*  1.85%

HSBC Advance TFSA (no longer sold)

Daily closing balance Up to $1,000,000.00* 
Interest rate 1.85%

* No interest is paid on the portion of the balance over $1,000,000.00.

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