[HSBC] 2.88% 88 day GIC offer for New Money with a minimum 5K up to 500K at HSBC
- Deal Link:
- February 23, 2018
I realize many of you don't like HSBC, but here's a pretty good 3 month GIC offer from them.
This beats the Tangerine 2.5% offer, and EQ 2.3% offer. Doesn't quite hit the 3% Simplii offer, but that was plagued with issues.
This is hot if you have an existing HSBC account without any cash in it, or if you had your funds outside of HSBC prior to February 2, 2018.
Please note that buying a GIC means your money is locked in for the term (in this case 88 days) and you won't have access to it for the specific time period.
When you buy the GIC, make sure to tell them not to renew the term.
Receive a special interest rate of 2.88% per annum for 88-Day Canadian currency (non-registered, non-redeemable) GICs when you bring in New Deposits* to HSBC Bank Canada by February 23, 2018.
You have to purchase the GIC between February 3, 2018 to February 23, 2018.
- The funds used to make a deposit in the 88-Day GIC must come from a source other than the balances held as of February 2, 2018 in any sole or joint account with HSBC Bank Canada or any of its subsidiaries, including deposit accounts (such as Chequing, Savings, Term Deposit and Registered accounts) or investment accounts (such as mutual funds, World Selection Portfolio, Portfolio Investment Management accounts and InvestDirect balances).
- The deposit in Canadian currency must be between $5,000.00 and $500,000.00 CAD.
- The deposit and the confirmation for the 88-Day GIC (simple interest option) must be issued during the period from February 3, 2018 to and including February 23, 2018.
- 88-Day GICs cannot be held in any registered account such as an RRSP, RRIF or TFSA.
- The deposit must be made by an individual, either alone or jointly with other individuals.
- The special interest rate for qualifying 88-Day GICs is 2.88% per annum. Interest is calculated daily, not compounded and is paid at maturity.
- Redemption or withdrawal of all or portion of the deposit held in an 88-Day GIC prior to the end of the 88-Day term is not allowed. If we permit you to withdraw prior to the end of the term, we will not pay you interest.
I have provided consulting services to Bell, Virgin, Rogers, Fido, Telus and Koodo, as well as many major financial institutions in Canada.