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HSBC 3% HISA until Sep 3

  • Last Updated:
  • Apr 18th, 2019 6:30 pm
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Sr. Member
Dec 25, 2017
675 posts
508 upvotes
Iverson21 wrote:
Apr 16th, 2019 12:01 am
Tangerine is overly bureaucratic. Not sure if this was always the case or only after Scotia Bank took it over. But just from the account opening process surprising people at the end by asking them to visit a Canada Post office with Id just to open a savings account, I knew this bank would give me endless bullshit and drama. So I never bothered officially opening the account by visiting a Canada Post.
Just saying... Simplii sent me to Canada Post to get a ID check done too. My bank card's in the mail, it wasn't that difficult, I just came in with BCID (or provincial equivalent or just your driver's license) and they okayed it in a few minutes.

But I am shopping for a new savings account, RBC won't budge with anything.
Deal Addict
Apr 15, 2009
3610 posts
1213 upvotes
M-Arkham
original wrote:
Apr 15th, 2019 2:21 pm
Not for RRSP
It's there, but I think you need to setup a regular month to month RRSP account first(put a penny in), then you could set it to auto transfer from your GIC RRSP to the month to month RRSP acct at the date of maturity. the month to month have craptastic rate, but you could move it anywhere easily once you're done, and it avoid the auto renewal.
2x Zoomer $36 for 4GB and unlimited Can wide txt/talk
1x Fido $40 for 5GB w/ unlimited Can Wide Pulse
Newbie
Sep 3, 2018
32 posts
17 upvotes
Super dumb question: Can I e-transfer (interac) my HSBC balance back and forth another credit union for it to be a new deposit for the promotion?
Last edited by JohnW57910 on Apr 16th, 2019 7:03 am, edited 1 time in total.
Member
May 5, 2012
339 posts
116 upvotes
CALGARY
JohnW57910 wrote:
Apr 16th, 2019 6:16 am
Can I e-transfer (interac) my HSBC balance back and forth for it to be a new deposit for the promotion?
🤦‍♂️
Jr. Member
Dec 27, 2012
165 posts
41 upvotes
BURNABY
Looks like its only 1.85% on the new deposit, either u open a new account or transfer from another bank--according to my interpretation of the clauses. For example:
-U have $100 in the HRSA
-U deposit $100,000 into this account
-U only get $100,000 x 1.85% per annum: $154 monthly interest, and $100 x 1.15% per annum: $0.09 monthly interest; bringing u total: $154.09
-rather than $100,100 x 3%: $250.25 per month of interest!
Deal Addict
Jul 11, 2008
1099 posts
483 upvotes
National bank gets my vote for the worst FI around
Member
Jan 18, 2009
308 posts
17 upvotes
Toronto
AustinPower wrote:
Apr 16th, 2019 1:57 pm
Looks like its only 1.85% on the new deposit, either u open a new account or transfer from another bank--according to my interpretation of the clauses. For example:
-U have $100 in the HRSA
-U deposit $100,000 into this account
-U only get $100,000 x 1.85% per annum: $154 monthly interest, and $100 x 1.15% per annum: $0.09 monthly interest; bringing u total: $154.09
-rather than $100,100 x 3%: $250.25 per month of interest!
If that is your case, you will get

new deposit $100,000x1.15% regular interest per annum plus
new deposit $100,000x1.85% bonus interest per annum plus
original $100x1.15% regular interest per annum

But HSBC counts you money of all your accounts under same account name not only HRSA. If you withdraw from another account, say chequing, they will minus the total from your new deposits.
Jr. Member
Dec 27, 2012
165 posts
41 upvotes
BURNABY
Goodcat wrote:
Apr 16th, 2019 6:04 pm
If that is your case, you will get

new deposit $100,000x1.15% regular interest per annum plus
new deposit $100,000x1.85% bonus interest per annum plus
original $100x1.15% regular interest per annum

But HSBC counts you money of all your accounts under same account name not only HRSA. If you withdraw from another account, say chequing, they will minus the total from your new deposits.
Thanks Goodcat. I went back to re-look at the clauses of the bonus interest's clauses again, and I think you are correct on what you have replied. I would probably moved to HSBC after my current promo with R bank till end of this month.
Member
Jan 18, 2009
308 posts
17 upvotes
Toronto
^^^
Read post #43 before you do so.
Newbie
Apr 1, 2015
5 posts
2 upvotes
Ottawa, ON
mkl38s wrote:
Apr 15th, 2019 7:57 pm
Set up links with micro deposits into HSBC from EQ or Tangerine, you will have to push or pull from those two if you want to deposit or withdraw from HSBC to avoid charges I think
I e-transfer from HSBC to tangerine, simplii and stack, it's free and almost instant and can be from saving or checking. There is a daily, weekly and monthly sending limit though.
Deal Addict
Nov 28, 2013
1152 posts
371 upvotes
London, ON
So if someone signs up with them new account, and just makes a deposit of 64000$ or whatever will they getting the 3.0%? or do they keep having to add money ?
Deal Fanatic
User avatar
May 7, 2007
6201 posts
1852 upvotes
Anyone with 2.75% over at Tangerine ... tried to call Tangerine to see if they can match this HSBC 3% offer?
Sr. Member
Aug 22, 2001
860 posts
326 upvotes
Vancouver
Darkman wrote:
Apr 17th, 2019 2:21 am
Anyone with 2.75% over at Tangerine ... tried to call Tangerine to see if they can match this HSBC 3% offer?
My 2.75% with Tangerine just ended last month and a few weeks ago I called in and they would only give me a promotional rate of 2%. Since 3% > 2%, today I called to pull all my money out to HSBC and Tangerine could not care less and just set up the transfer!
Member
Sep 14, 2009
317 posts
71 upvotes
Vancouver
Darkman wrote:
Apr 17th, 2019 2:21 am
Anyone with 2.75% over at Tangerine ... tried to call Tangerine to see if they can match this HSBC 3% offer?
I had to call in to Tangerine as my transfer to HSBC was over the daily limit allowed via the website, and they asked if someone from the back office could call to try to match the 3% and the call came and they said can't match and 2,75 is best available.

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