HSBC E-Saver Account HSBC Min. Salary AED Min. Balance 0 AED Interest Rate 0.05% Non Maintenance Fee 0 AED Features Conventional Banking Internet Banking Joint Account Possible Mobile Banking Zero Balance Account The HSBC E-saver account is a savings account with competitive interest rates. The interest is paid monthly and added to the account balance. Apply Now Benefits A savings account with no minimum balance. No monthly account fees to be paid by account holders. Withdraw money using online banking or telegraphic transfers, no debit card provided Available in AED only Deposit money to account using cheque deposit, telegraphic transfers, or online banking. Interest is calculated on a daily cleared closing balance and paid to you monthly. You can make one debit transaction (transfers, payments, etc.) per month which will not result in a loss of interest for the month Fees & Charges Account Closure (Within one year)= AED 105 Interest Rates Less than AED 100,000 = 0.01% Starting from AED 100,000 and less than AED 1 million = 0.02% Starting from AED 1 million and less than AED 5 million = 0.03% Starting from AED 5 million and above = 0.05% Documents Required If you already hold an account with HSBC, then no further documents are required to open an E-Saver Account. Individual Account original passport (for all customers) valid residence visa (for non-GCC national customers only) original Emirates identification card (for all customers) proof of UAE residence in the form of either a utility bill/ rental/ lease agreement/ title deed/ employment letter original labour card/work ID (for female applicants on father’s/husband’s sponsorship) original trade licence (for all self-employed customers) for income transfer customers, original income transfer letter from the employer must be provided Joint account original passport (for all customers) valid residence visa (for non-GCC national customers only) original Emirates identification card (for all customers) proof of UAE residence in the form of either a utility bill/ rental/ lease agreement/ title deed/ employment letter original labour card/work ID (for female applicants on father’s/husband’s sponsorship) original trade licence (for all self-employed customers) for income transfer customers, original income transfer letter from the employer must be provided Eligibility UAE Nationals and UAE Residents with valid Residence Visa Addition Information Online, phone, and mobile banking options available. Joint account option available. Lump-sum deposits or recurrent monthly payments to top up savings. Apply Now
