Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this8:40 am
April 18, 2022
Offline
Hsbc has a 1yr 2.6% redeemable Gic cashable after 90d with interest, before without.
6:59 am
August 6, 2018
Offline
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%?
9:06 am
March 30, 2017
Offline
Cashable or not, it’s a GIC. Rate can change daily. So can HISA technically speaking.
1:55 pm
August 6, 2018
Offline
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.
2:10 pm
January 12, 2019
Offline
.
Speaking of 1Yr Cashable GICs, Hubert may have a Better option . . .
.
N'est-ce Pas ❓
- Dean
" Live Long, Healthy ... And Prosper! "
6:17 am
March 8, 2018
Offline
Enjoy 4.00% per annum on HSBC’s 1-year Canadian Dollar redeemable, non-registered GIC.*
Limited time offer from September 1, 2022 to October 31, 2022. The special offer is also available for the 1-year TFSA redeemable GIC.
credit to S5 (RFD)
T&C link:
https://www.hsbc.ca/content/dam/hsbc/ca/docs/pdf/hsbc-one-year-gic-tc-en.pdf
Redemption or withdrawal of all or portion of the Special Offers prior to the end of the 1-year term is allowed, subject to the following:
If the deposit is maintained for at least 90 days, then interest will be paid for the period up to the withdrawal.
If the principal is withdrawn within the first 89 days, then no interest will be paid.
I am planning to go with this (within CIDC) as 4% is not bad at this point with the option to leave after 90 days. I already have account with them and the branch is close to home. Can the experts in here comment on the offer?
8:14 am
August 6, 2018
Offline
I am planning to go with this (within CIDC) as 4% is not bad at this point with the option to leave after 90 days. I already have account with them and the branch is close to home. Can the experts in here comment on the offer?
Thanks for sharing.
I just open it online. It seems after hours it often give me an error (doesn't hurt to try) but during business hours it always works flawlessly.
I have yet to redeem any of them after 90 days, but I assume if you want to redeem in smaller portions you need to open multiple small redeemable GIC's, which seems to be the norm at least for other banks.
I have probably mentioned this above: I see this as a 3 month GIC at 4% (very attractive IMO) with the option to continue at 4% as "savings" for another 9 month. That option is likely not extremely valuable, though now at 4% it's looking better than ever.
11:55 am
April 14, 2021
Offline
HISAhopper said I am planning to go with this (within CIDC) as 4% is not bad at this point with the option to leave after 90 days. I already have account with them and the branch is close to home. Can the experts in here comment on the offer?
Seems to be less than the similar 1-yr offer available from Hubert for 4.25% quarterly. The first quarter pays 4.1%; slightly better than the 4% at HSBC. Subsequent quarters are even higher.
5:08 pm
September 4, 2022
Offline
Looking for 1yr 5% minimum
6:45 pm
March 8, 2018
Offline
HermanH said
Seems to be less than the similar 1-yr offer available from Hubert for 4.25% quarterly. The first quarter pays 4.1%; slightly better than the 4% at HSBC. Subsequent quarters are even higher.
Thanks for the tip about Hubert, I like to have the account in ON for ease of mind, I know I am old school it is just me.
Please write your comments in the forum.