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Hsbc 1yr cashable 2.6%
June 2, 2022
8:40 am
AllanB
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Hsbc has a 1yr 2.6% redeemable Gic cashable after 90d with interest, before without.

July 1, 2022
6:59 am
con6450
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It has been upped to 2.75%.

Enjoy 2.75% per annum on HSBC’s Canadian Dollar redeemable, non- registered GIC*. Offer is available from June 28, 2022 to September 2, 2022.

So is this basically a (redeemable) 90 day GIC for 2.75% then, with an option to continue past 90 days as regular savings at 2.75%?

July 1, 2022
9:06 am
savemoresaveoften
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Cashable or not, it’s a GIC. Rate can change daily. So can HISA technically speaking.

July 2, 2022
1:55 pm
con6450
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My point being, even though it is a "1 year cashable GIC", I can sign up only with the intention to keep it for 90 days and then cash out with interest, effectively making it a "90 day non-cashable GIC".

And 90 day at 2.75% is not too bad. 1 year at 2.75% is terrible.

July 2, 2022
2:10 pm
Dean
Valhalla Mountains, British Columbia
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.
Speaking of 1Yr Cashable GICs, Hubert may have a Better option . . .

.
N'est-ce Pas

    Dean

sf-cool " Live Long And Prosper " sf-cool

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