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Grow your savings with up to 4.90%* total annual interest rate

on new deposits± with an HSBC Canadian Dollar High Rate Savings Account. Offer ends January 27, 2023.

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

One of Canada’s best high rate savings offers

Limited time offer from October 17, 2022 to January 27, 2023: earn bonus interest on new deposits± to your Canadian Dollar High Rate Savings Account (HRSA)* from the date you bring in new deposits to the end of the offer period.

HRSA promotion details:

Get a bonus interest rate of 3.50%+ on new deposits± of up to $1,000,000 CAD. This promotion is open to new and existing HSBC customers.

Plus, get a 0.90%+ regular interest rate on the entire HRSA balance of up to $24,999 and 1.40%+ on HRSA balances over $25,000.

This means you can get up to 4.90% total interest rate+ during the promotion period. Offer ends January 27, 2023.

Bonus interest rate for length of promotion

HRSA Balance Tier 

Regular Interest Rate (%)+

(paid on the entire HRSA balance)

Bonus Interest Rate (%)+

(paid on New Deposits only)

Total Interest Rate on New Deposits During Promotion Period (%)
CAD 0 to 24,999 0.90% 3.50% 4.40%
CAD 25,000 or more 1.40% 3.50% on New Deposits up to CAD 1,000,000 4.90% on New Deposits up to CAD 1,000,000

Bonus interest rate for length of promotion

HRSA Balance Tier  CAD 0 to 24,999

Regular Interest Rate (%)+

(paid on the entire HRSA balance)

0.90%

Bonus Interest Rate (%)+

(paid on New Deposits only)

3.50%
Total Interest Rate on New Deposits During Promotion Period (%) 4.40%
HRSA Balance Tier  CAD 25,000 or more

Regular Interest Rate (%)+

(paid on the entire HRSA balance)

1.40%

Bonus Interest Rate (%)+

(paid on New Deposits only)

3.50% on New Deposits up to CAD 1,000,000
Total Interest Rate on New Deposits During Promotion Period (%) 4.90% on New Deposits up to CAD 1,000,000

All rates are per annum as of November 4, 2022, and subject to change without notice.

Full Terms and Conditions available here.

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Important information

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

* Terms and conditions apply. Limited time offer.

Promotion period October 17, 2022 to January 27, 2023.

+ All rates are per annum as of November 4, 2022, and subject to change without notice.

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 3.50% 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 October 14, 2022 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.

This promotion cannot be combined with any other promotions or offers.

®Trade-mark of Interac Inc. Used under license

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