Canadians looking to earn more on their British pound and Euro cash holdings will soon have a new option with the launch of two new high rate savings accounts at HSBC Bank Canada.

On July 7, HSBC’s new British Pound and Euro denominated high rate savings accounts will supplement the bank’s existing Canadian and U.S. dollar high rate accounts.

HSBC customers can choose to bank their savings in six major foreign currencies: U.S. dollars, Euros, British pounds, Hong Kong dollars, Swiss francs and Japanese yen. The two new high-interest rate options will further extend HSBC’s position as the Canadian bank of choice for savers of multiple currencies.

“Canada is a very diverse nation with cultural, business and investment links across the globe. The demand for high interest rate accounts in currencies beyond the traditional Canadian and U.S. dollar accounts reflects the evolving financial needs of our customers,” says Tracy Redies, executive vp, personal financial services and wealth management, HSBC Bank Canada.

“Many of our clients acquire their Euros or pounds while travelling or doing business in Europe while others receive pensions from Europe or Britain in these currencies. Having access to these new savings accounts will help them manage their funds safely and efficiently while at the same time earning a higher return than with traditional savings accounts.”

HSBC Bank Canada customers who deposit new funds into any of the four high rate savings accounts before September 30, will receive a half percentage point (0.5 %) interest rate bonus on their new deposits.