What is the GIC rate at HSBC?
Check today’s rates to see how fast your money can grow
| Term Length | Monthly Interest (min. $500) | Semi-annual Interest (min. $500) |
|---|---|---|
| 1 year | 0.60% | 0.60% |
| 2 years | 1.00% | 1.00% |
| 3 years | 1.25% | 1.25% |
| 4 years | 1.50% | 1.50% |
What is HSBC prime rate today?
2.45%
The current HSBC prime rate is 2.45%. This is the same prime rate that’s posted by most major financial institutions in Canada.
Is HSBC us a good bank?
If you’re looking for a full-service bank for more than just checking and savings accounts, HSBC fits the bill. It’s also a top choice if you’re interested in an international bank.
Is HSBC USA FDIC insured?
Your Premier relationship provides access to our comprehensive global banking and investment solutions. Your money is FDIC insured to the maximum permitted by law.
How is GIC return calculated?
Year 1: The principal amount multiplied by the GIC interest rate: a $100,000 investment at 2% ÷ 12 = $166.67/month. Year 2: Same as above as the principal won’t change.
Is prime minus 1 a good rate?
Prime minus 1.09% is a truly great offering. If you have a mortgage that’s coming up for renewal, or if you’re looking to purchase a home, this is something you should consider before finalizing your mortgage decision. A fixed-rate mortgage may be a good option for you, too.
Who is HSBC Direct?
1 HSBC Direct Savings is an “online only” product, which requires use of automated telephone banking, eStatements, and Personal Internet Banking. This is an HSBC consumer account and is not available as an HSBC business account.
Does HSBC offer GICs in Canada?
HSBC is one of many Canadian financial institutions that offers guaranteed investment certificates, or GICs. You can use the tables above to view HSBC’s best GIC rates, and compare them to the best GIC rates available in your area. We help you find better financial products for your specific needs.
Why invest with HSBC US dollar term deposits?
We’re here to help you Earn a guaranteed rate on your U.S. currency savings with an HSBC U.S. Dollar Term Deposits. Invest your U.S. Dollars at a competitive rate knowing your interest rate is guaranteed – and that you can access your principal if you need to before the end of your investment term.
Can I set up automatic renewal on my HSBC GIC?
Consult your HSBC branch regarding any eligibility &/or restrictions with setting up an automatic renewal option on your GIC. 3 Only Canadian residents, who are over 18 years of age and have a valid Social Insurance Number, can make contributions to a Tax-Free Savings Account (TFSA).
How much can I contribute to my HSBC TFSAs?
This was previous set at $6,000 CAD from 2019 to 2020, $5,000 CAD from 2009 to 2012, $5,500 CAD for 2013 to 2014, $10,000 CAD for 2015 and $5,500 CAD for 2016 to 2018. The maximum annual contribution applies to all of your TFSAs held with HSBC or any other financial institution.