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HSBC 1.75% for 3 months
September 14, 2021
7:03 pm
miro
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Earn a total annual interest rate of 1.75% on New Deposits in an HSBC Canadian Dollar High Rate Savings Account from September 13, 2021 to December 16, 2021

link

Terms and conditions

September 14, 2021
7:24 pm
Bobbyjet11
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Otherwise, they have brutal everyday rates. Not worth my time to chase this for 6 or 7 weeks of a good rate.

September 14, 2021
7:31 pm
COIN
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It appears that the 1.75% applies from the first new dollar. In the past, they had tiered rates.

September 15, 2021
8:19 am
mordko
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Thanks miro! I have their HISA but had no idea about this promotion. I think they had a very similar one last year.

September 15, 2021
2:24 pm
COIN
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I tried unsuccessfully to-day to find out if the 1.75% only kicks in after you deposit $100,000 or some higher amount. That is how I remember their previous promotions.

Update: Got the HSBC email after I posted the above. Still not 100% clear if the 1.75% starts with the first dollar.

September 15, 2021
3:58 pm
mordko
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Applies to all new money

September 16, 2021
5:47 am
con6450
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COIN said
I tried unsuccessfully to-day to find out if the 1.75% only kicks in after you deposit $100,000 or some higher amount. That is how I remember their previous promotions.

Update: Got the HSBC email after I posted the above. Still not 100% clear if the 1.75% starts with the first dollar.  

From Example 1 in here in terms and conditions it seems to me it applies to every dollar.

September 17, 2021
9:07 am
COIN
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con6450 said

From Example 1 in here in terms and conditions it seems to me it applies to every dollar.  

The HSBC guy got back to me. He said he didn't see a tiered structure like in a couple of previous promotions.

September 17, 2021
9:25 am
HermanH
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I called HSBC and made absolutely clear that my current GIC deposit about to mature would not qualify for the promo rate, because it is not considered new money.

September 17, 2021
12:19 pm
geotabs
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Am I reading the terms wrong?
If you move money to your checking then to your savings that amount wouldn't be eligible for the 1.75 rate? Does it have to be moved straight to the savings?
A bit confusing!

Thanks

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