Plan a head with one of Canada’s best U.S. Dollar High Rate Savings account offers
A U.S. Dollar High Rate Savings Account is a convenient way to save and manage U.S. Dollars if you travel to the United States or need to make transactions in U.S. dollars. You can purchase U.S. dollars whenever rates are favourable and keep them in your account until you need them.
For a limited time, from April 17, 2023 to July 4, 2023, earn bonus interest on new deposits± to your U.S. Dollar High Rate Savings Account (HRSA)*.
U.S. dollar HRSA promotion details:
| USD HRSA Balance Tier | Regular Interest Rate (%)+ |
Bonus Interest Rate (%)+ |
Total Interest Rate on New Deposits During Promotion Period (%) |
|---|---|---|---|
| Up to USD 24,999.99 | 0.50% | 4.00% | 4.50% |
| USD 25,000 or more | 0.50% | 4.00% on New Deposits up to USD 1,000,000 | 4.50% on New Deposits up to USD 1,000,000 |
| USD HRSA Balance Tier | Up to USD 24,999.99 |
|---|---|
Regular Interest Rate (%)+ |
0.50% |
Bonus Interest Rate (%)+ |
4.00% |
| Total Interest Rate on New Deposits During Promotion Period (%) | 4.50% |
| USD HRSA Balance Tier | USD 25,000 or more |
Regular Interest Rate (%)+ |
0.50% |
Bonus Interest Rate (%)+ |
4.00% on New Deposits up to USD 1,000,000 |
| Total Interest Rate on New Deposits During Promotion Period (%) | 4.50% on New Deposits up to USD 1,000,000 |
+ All rates are per annum as of April 17, 2023, and subject to change without notice.
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HSBC customers without a USD HRSA can log in to open:
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Important information
* Terms and conditions apply. Limited time offer.
Promotion period April 17, 2023 to July 4, 2023.
+ All rates are per annum as of April 17, 2023, 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 USD $1,000,000 in all USD HRSAs. The bonus interest rate on new deposits is 4.00% 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 U.S. Dollar High Rate Savings Account Balance. For the purpose of calculating the Total Deposits, non-U.S. dollar currency account balances will be converted to the U.S. dollar equivalent using exchange rates we select in our sole discretion.
Deposits with HSBC at the close of business day on April 14, 2023 are not new deposits and do not qualify for the bonus interest.
Customers with multiple USD HRSAs in the same Customer Account Number can accrue Bonus Interest on new deposits in each USD HRSA but bonus interest will be added together and paid into the HSBC USD High Rate Savings Account first opened.
Any calculated but unpaid bonus interest on new deposits in a USD HRSA will be forfeited if that USD HRSA is closed before the bonus interest is paid.
This promotion cannot be combined with any other promotions or offers.
For more CIDC information go to https://www.cdic.ca/your-coverage/protecting-your-deposit/
