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HSBC New Account Offers 2024: Savings Promotions


Fact Checked

HSBC Canada has a new savings account promotion running in 2024. For a limited time, you earn up to 6.35% interest on your deposits.

HSBC Savings Account Promotion

HSBC’s High Rate Savings Account currently offers an annual interest rate of up to 6.35% on new deposits± from October 16, 2023, to January 12, 2024*.

This savings account’s annual regular interest rate is calculated daily on your entire HRSA balance and paid monthly. Standard interest rate tiers are $0-$24,999 at 1.35% and $25,000 or more at 1.85%.

On top of this regular rate, you can earn a 4.50% bonus interest rate on new deposits per annum, calculated daily on the daily closing balance of the new deposits and paid monthly.

This savings account has no monthly fee, no minimum balance, and interest is calculated daily and paid out monthly.

You get three free debit transactions per monthly statement cycle. Additional transactions cost $5 each.

You can access your money using thousands of HSBC Bank Canada and THE EXCHANGE network ® ATMs across Canada.

*Annual interest rates as of October 16, 2023; subject to change. Visit HSBC to view the current posted rates for the HRSA.

You can view other new bank account promotions here.

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Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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