Minimum balance you need to get this rate for this account.
Minimum Balance
The amount of money you would like to put into this account.
Savings Amount
The value of your account invested at this interest rate over three years.
Savings After 3 Years
The maximum amount allowed for this account.
Maximum Balance
Total Balance: Interest is calculated on the total balance using this interest rate.
Portion of the Balance: Interest is calculated on a portion of the balance, typically on a tiered basis.
Interest Allocated To?
The monthly fee for this account.
Monthly Fees
How often the interest is compounded (Daily, Monthly, or Annually.)
Interest is Compounded
How often the accumulated interest is paid into the account. (Daily, Monthly, or Annually.)
Interest is Paid
The Canada Deposit Insurance Corporation (CDIC) will protect deposits made with member financial institutions in case of their failure.
CDIC Eligible/Insured
Indicates if there are cheques available with this account.
Cheques Available
Fees associated with paying a bill using this account from your branch.
Bill Payments (Branch)
Fees associated with paying a bill using this account online.
Bill Payments (Online)
Fees associated with receiving monthly paper statements.
Paper Statements
Fees associated with telephone banking transfers.
Telephone Banking
Fees associated with transferring your funds from one account to another with the same lender.
Same Lender
Fees associated with transferring your funds from one account to another with different lenders.
Different Lender
Fees associated with making a purchase using Interac.
Interac Purchase
More Details
The HSBC TFSA High Rate Savings Account let's you take advantage of a high interest rate on your hard-earned money – tax free.
About HSBC Bank Canada
Headquartered in London, HSBC is one of the largest banking and financial services organizations in the world. Its international network comprises around 8,000 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
HSBC provides a comprehensive range of financial services to more than 125 million customers: personal financial services (including consumer finance) commercial banking; corporate, investment banking and markets; and private banking.
We are committed to meeting your needs locally. Whether you are living and working in Canada, or moving to Canada, HSBC supports that with experience and expertise that spans the globe.
HSBC makes it easy to start and maintain savings. Our accounts put you in charge and give you the flexibility you require as your money grows. With our High Rate Savings Account and TFSA High Rate Savings Account, we can help meet your savings needs.
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