Up to 0.70%^* total interest rate on New Deposits

• Offer is open to new and existing HSBC customers with New Deposits² up to $4,999,999.99 in a Canadian dollar HSBC Small Business HRSA from January 5, 2021 to March 31, 2021.
  
• Bonus interest is earned on New Deposits² of up to a combined $4,999,999.99 in all of a customer’s Small Business HRSAs, i.e. the limit is not per HSBC Small Business HRSA.
  

Only the CAD HSBC Small Business High Rate Savings Accounts qualify for the bonus interest.

If you deposit into chequing or other types of savings accounts, they will not qualify for bonus interest. For example, these accounts don’t qualify for the bonus interest:

• Foreign currency accounts, including USD  
• Investment Savings
• Small Business Trust Accounts

• Bonus interest will be earned on New Deposits² in your Small Business HRSA on top of the regular interest during the promotion Period. Bonus Interest earned on New Deposits² is 0.30% per annum, calculated daily on the daily closing balance of the New Deposits² and paid monthly. 
• If you have multiple CAD HSBC Small Business High Rate Savings Accounts, you can accrue bonus interest on New Deposits² in each of those, but bonus interest will be added together and paid into the HSBC Small Business HRSA first opened.
• Bonus interest is earned on New Deposits² of up to a combined $4,999,999.99 in all of a customer’s HSBC Small Business HRSAs, i.e. the limit is not per HSBC Small Business HRSA.

• Deposits with HSBC at the close of business day on January 4, 2021 are not considered New Deposits² and do not qualify for the Bonus Interest.
• “New Deposits” means the portion of the daily closing balance of your CAD Small Business HRSA during the Promotion Period which is the lower of the following two amounts:

- the balance increase in Total Deposits from the close of business on January 4, 2021.

- the balance increase in Small Business Savings Balance from the close of business on January 4, 2021.

If the lower of the two amounts is zero, then the New Deposits are zero. Refer to terms and conditions for examples on how interest is calculated.^*

• If you close your CAD Small Business HRSA during the promotion period and don’t have another CAD Small Business HRSA open, any calculated but unpaid bonus interest on New Deposits² will be forfeited.