Benefits
- Interest earned payable at maturity
- Minimum deposit of AED 10,000 or USD/GBP 5,000 is required
- Deposit tenures starting from 1 month to 36 months
- Option to reinvest both principal and interest on maturity to maximize returns
- Term Deposit account is available in AED, USD or GBP
Fees & Charges
- Premature Closure Charges= Booking rate for the tenure the deposit is held, minus 1%
Interest Rates
- For HSBC Term Deposit Account, interest rate applicable is up to 0.20% per annum
Documents Required
- 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 a utility bill/ rental/ lease agreement/ employment letter (for all customers)
- original labour card/work ID (for female applicants on father’s/husband’s sponsorship)
- original trade licence (for all self-employed customers)
Eligibility
- Available for UAE nationals, residents and non-residents
- Minimum deposit of AED 10,000 is required
- You must have an HSBC current or savings account for the duration of Term Deposit
Addition Information
- 24/7 banking to suit your needs