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HSBC 3% HISA until Sep 3

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  • Apr 22nd, 2019 12:48 pm
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[OP]
Sr. Member
Jan 23, 2009
677 posts
372 upvotes
ontario

HSBC 3% HISA until Sep 3

Deal Link:
Expiry:
September 3, 2019
HSBC 3% HISA starting today Apr 15, 2019 until Sep 3 (new deposits over $50.000) not on their website yet. i just was told by HSBC employee


edit link up now https://www.hsbc.ca/savings-accounts/savings-offer/
Last edited by agit on Apr 15th, 2019 1:09 pm, edited 2 times in total.
Thread Summary
62 replies
Sr. Member
User avatar
May 1, 2015
523 posts
272 upvotes
Toronto, ON
Does it count as new deposits if i move everything to checking account and back into savings?
If you did not switch to the $60 10GB plan when everyone else did you are not a true RFD'er 😝
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Newbie
Sep 6, 2006
28 posts
64 upvotes
Stay away from HSBC! It's the worse bank in Canada.
Sr. Member
Dec 25, 2017
675 posts
508 upvotes
Hmmm... I’m not putting that big amount of cash into a HISA so I’m nowhere close to obtaining that 3%. But still something to think about...
Jr. Member
Aug 29, 2010
157 posts
110 upvotes
original wrote:
Apr 15th, 2019 12:21 pm
Stay away from HSBC! It's the worse bank in Canada.
All subjective. I just closed all my Tangerine account as I got fed up with rep refusing to fix mom's locked account. My mom doesn't speak fluent English so I was just translating for her yet Tangerine rep refuses to help and kept saying I need to find their "cafe" to unlock her own account despite providing all security information. I got so fed up with lack of willingness to simply unlock her account and decided to close my account and her account altogether. When I tried to close my account, the rep fuc*s up again and closes all my account with money before paying off credit card bills, despite specifically instructed to pay bill first before closing account. He then asked for my permission to transfer money from my external account but yet again, doesn't transfer enough money despite me asking him to confirm amount twice.
For me, Tangerine is by far the worst bank ever as their employee can't even follow simple instructions, and refuses access to customers own account while keep saying that we need to go to their physical location to resolve the issue when there is next to no physical branch in the first place
Member
User avatar
Jul 11, 2009
482 posts
159 upvotes
Canada
I wonder if they allow opening up a joint account - to split up the interest income.
Member
Mar 23, 2009
379 posts
142 upvotes
Toronto
fuzzydealhunter wrote:
Apr 15th, 2019 12:13 pm
Does it count as new deposits if i move everything to checking account and back into savings?
No
Newbie
Sep 6, 2006
28 posts
64 upvotes
chinook79 wrote:
Apr 15th, 2019 12:40 pm
All subjective. I just closed all my Tangerine account as I got fed up with rep refusing to fix mom's locked account. My mom doesn't speak fluent English so I was just translating for her yet Tangerine rep refuses to help and kept saying I need to find their "cafe" to unlock her own account despite providing all security information. I got so fed up with lack of willingness to simply unlock her account and decided to close my account and her account altogether. When I tried to close my account, the rep fuc*s up again and closes all my account with money before paying off credit card bills, despite specifically instructed to pay bill first before closing account. He then asked for my permission to transfer money from my external account but yet again, doesn't transfer enough money despite me asking him to confirm amount twice.
For me, Tangerine is by far the worst bank ever as their employee can't even follow simple instructions, and refuses access to customers own account while keep saying that we need to go to their physical location to resolve the issue when there is next to no physical branch in the first place
I agree it's subjective.
I had both Tangerine, HSBC and a few others before closing all my HSBC accounts. I'm not defending Tangerine, their reps are not the best. However, HSBC make it look like a superstar. their online/app is much better than HSBC (if you ever had a HSBC account to compare with). Their rate is much better than HSBC given that Tangerine has very few locations you if you ever need to see them in person. We accept this as a trade off of better rate when we open an account with them.

But for HSBC Canada, the issue is for the bank itself. They even removed the feature for free bank-to-bank transfer. On top of that, I have a couple of really experiences with them.
- I have a 3-year GIC maturing about 3 years ago in my RRSP account. They automatically renewed it for another 3-year term for 1.10% without my acknowledge, without sending me any renewal letter (I was partial responsible for this since I should take note for all my GICs myself). By the time I realized this, it was a already too late. So I waited until one week before it became matured again this Feb and called them I didn't want to renew it for another term as I was going to transfer the fund to my RRSP saving account - then transfer all the fund to another bank. Guess what, they renewed my GIC anyway, and I have to spend about 1 hour when I was in oversee to deal with them on the issue.
- I was trying to get some Japanese Yen for my oversea trip late Jan. Went to HSBC to check with their exchange rate. The rate posted on their website seems better than other banks. It turned out, their rate is not any better at all. Their quoted exchange rate is about about 2.75% over the market rate, another $10 service fee for transaction lower than $1000 CAD. What a joke!

At the end, I paid $75 fee out of my HSBC RRSP account to transfer the fund to other bank. Don't want to have anything to do with this bank for the rest of my life.

One more thing, whatever promotion they offer, don't even bother ask whether it applies to your existing fund in the account, because it never would.
Jr. Member
Apr 2, 2004
131 posts
14 upvotes
Burnaby
original wrote:
Apr 15th, 2019 1:17 pm
I agree it's subjective.
I had both Tangerine, HSBC and a few others before closing all my HSBC accounts. I'm not defending Tangerine, their reps are not the best. However, HSBC make it look like a superstar. their online/app is much better than HSBC (if you ever had a HSBC account to compare with). Their rate is much better than HSBC given that Tangerine has very few locations you if you ever need to see them in person. We accept this as a trade off of better rate when we open an account with them.

But for HSBC Canada, the issue is for the bank itself. They even removed the feature for free bank-to-bank transfer. On top of that, I have a couple of really experiences with them.
- I have a 3-year GIC maturing about 3 years ago in my RRSP account. They automatically renewed it for another 3-year term for 1.10% without my acknowledge, without sending me any renewal letter (I was partial responsible for this since I should take note for all my GICs myself). By the time I realized this, it was a already too late. So I waited until one week before it became matured again this Feb and called them I didn't want to renew it for another term as I was going to transfer the fund to my RRSP saving account - then transfer all the fund to another bank. Guess what, they renewed my GIC anyway, and I have to spend about 1 hour when I was in oversee to deal with them on the issue.
- I was trying to get some Japanese Yen for my oversea trip late Jan. Went to HSBC to check with their exchange rate. The rate posted on their website seems better than other banks. It turned out, their rate is not any better at all. Their quoted exchange rate is about about 2.75% over the market rate, another $10 service fee for transaction lower than $1000 CAD. What a joke!

At the end, I paid $75 fee out of my HSBC RRSP account to transfer the fund to other bank. Don't want to have anything to do with this bank for the rest of my life.

One more thing, whatever promotion they offer, don't even bother ask whether it applies to your existing fund in the account, because it never would.
For Japan, you should have withdraw the money from a local 7-11 ATM after you arrived. No surcharge fee plus near market spot rate for Premier account.

Even for many other countries, the rate that I often observed is near market rate.

For GIC and term deposit, you can set the maturity option via online banking.
Deal Addict
User avatar
Jul 10, 2004
1238 posts
1398 upvotes
Vancouver, BC
original wrote:
Apr 15th, 2019 12:21 pm
Stay away from HSBC! It's the worse bank in Canada.
HSBC is fine.
It's... a bank.
Jr. Member
Apr 2, 2004
131 posts
14 upvotes
Burnaby
coolwasabi wrote:
Apr 15th, 2019 1:32 pm
HSBC is fine.
It's... a bank.
Especially for those with a HK Premier MC and frequent HK often. There are so many restaurant and promo perks.

Like everything else, one needs to be an informed and savy consumer.
Member
Jul 6, 2009
454 posts
28 upvotes
Toronto
I made "bank" with hsbc chequing account promo, so no complaints. RBC interest rate is running out so perfect time to move my money here.
Newbie
Sep 6, 2006
28 posts
64 upvotes
satoshi wrote:
Apr 15th, 2019 1:28 pm
For Japan, you should have withdraw the money from a local 7-11 ATM after you arrived. No surcharge fee plus near market spot rate for Premier account.

Even for many other countries, the rate that I often observed is near market rate.

For GIC and term deposit, you can set the maturity option via online banking.
I needed some Japanese Yen before my trip so that I can have the local currency for getting to hotel from the airport. For the local withdraw in Japan, Stack MasterCard did the trick!

I don't think there is such thing to set the maturity option via online banking with HSBC Canada. I called their customer service a few months before the GIC matures and was told I the system would only open its update about one or two weeks before it matures.

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