I was reading over the HSBC site and was reading how they are offering a 1% interest bonus on new deposits until March 16, 2009. You can read about it too at https://www.hsbc.ca/1/2/en/personal/chequing-savings/savings-accounts .

That offer should be valid for the upcoming TFSA accounts too as I read the line on the page stating “With several account options, like our High Rate Savings Account, Direct Savings Account and Tax-Free Savings Accounts, we can help meet your savings goals.”

I guess that can be a good incentive for anyone who is still debating about which bank to open up a TFSA account with.