Seeking to encourage savings in volatile markets, HSBC Bank Canada is offering 1% bonus interest on all new deposits to its no-fee HSBC Direct Savings Accounts.
When added to the current base interest rate of 2.75%, the bonus offer brings the effective HSBC Direct Savings Account interest rate to 3.75%.
“In today’s volatile financial market, many Canadians are increasingly interested in finding a reliable way to grow their savings,” said Rick Kelln, head of retail at HSBC Bank Canada.
The bonus rate is being offered to both new and existing online savings account customers for new deposits of up to $500,000 until March 16, 2009.
The HSBC Direct Savings Account is an online savings account that can be accessed at all times through internet banking, telephone banking or through an ATM. Account holders can link the online savings account to their accounts at other Canadian banks, deposit cheques and withdraw cash at ATMs.
IE
HSBC Bank Canada boosts savings rate to 3.75%
Bonus rate being offered to online account customers
- By: Megan Harman
- November 24, 2008 November 24, 2008
- 11:15