New deposit promo until February 27, 2020: 2.05% to 2.60% | HSBC | Discussion forum

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New deposit promo until February 27, 2020: 2.05% to 2.60%
December 10, 2019
8:55 am
Bud
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HSBC New Money Promotional Offer for HRSA. This New Promotion is running until February 27th, 2020.

You can earn a 1.55% bonus Interest rate in addition to the standard HRSA (high Rate Savings Account) rate, for a total interest rate of up to 2.60% on NEW DEPOSIT ONLY!.

Up to 2.60% total interest rate on New Deposits* of up to CAD 1 million to HSBC High Rate Savings Account from December 9, 2019 to February 27, 2020.

December 10, 2019
9:52 am
rqs
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What do you mean by "up to 2.60%" which you have mentioned twice. Is it or is it not 2.60%?

December 10, 2019
2:58 pm
Dean
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rqs said
What do you mean by "up to 2.60%" which you have mentioned twice. Is it or is it not 2.60%?  

Consider the source ... it's 'Bud-Talk' sf-laugh

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

December 10, 2019
3:40 pm
Bud
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rqs said
What do you mean by "up to 2.60%" which you have mentioned twice. Is it or is it not 2.60%?  

deposit of $25,000 or more gets u 2.6

December 10, 2019
3:56 pm
Peter
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Full details are here: https://www.hsbc.ca/savings-accounts/savings-offer/

The rate for the CAD 0 to 24,999 "HRSA Balance Tier" is 2.05%.

December 12, 2019
2:21 pm
rqs
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So it sounds like if you deposit $26000, you would will earn 2.05% on 1st tier $24999 and 2.60% on remaining $1001. Another sleazy "up to" but never happening offer. This sleaziness is starting to spread!

December 12, 2019
5:46 pm
Oscar
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rqs said
So it sounds like if you deposit $26000, you would will earn 2.05% on 1st tier $24999 and 2.60% on remaining $1001. Another sleazy "up to" but never happening offer. This sleaziness is starting to spread!  

If you deposit 25 thousand you get the 2.6% on full balance. The bonus interest is same on all balances but the regular interest rate is .55% less on balances under 25 K

December 12, 2019
6:02 pm
hwyc
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It's either 2.05% or 2.60% on entire account balance depending on the daily closing balance. However, the 1.55% promotion bonus rate is limited to new money up to $1 million.

Source from https://www.hsbc.ca/savings-accounts/savings-offer/

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