HSBC E-Saver Account

Extra savings for an extra special future.

Benefits

  • Competitive rates
    High and competitive interest rates on your deposits of up to 1.5% applicable on entire balance and paid monthly into the account.
  • No minimum balance requirement
  • No monthly account fees
  • 3 easy ways to deposit money into your E-Saver Account
    Electronically through online banking transfers from your HSBC UAE accounts; deposit cheques using our Cheque Deposit Machines or telegraphic Transfers1.
  • Convenience
    Manage your money online.
  • Save money your way
    Top up your savings through recurring monthly payments or lump sum deposits.
  • Easy withdrawals
    Withdraw your money from E-Saver through online banking or via telegraphic transfers1.

1Standard HSBC fees and charges apply.

Things you should know

The E-Saver Account is an online Dirham account available to UAE nationals and residents who hold valid UAE residence visas.

The account is not offered with an ATM card or cheque book.

Earn interest on each and every Dirham in your account. Interest is calculated on daily cleared closing balance and paid to you monthly.

For all fees and charges, please refer to our latest Schedule of Tariffs.

Interest rates

Interest rate applied on daily closing balance
 
Full balance of E-Saver Account2 Interest rates applicable from 1 March 20183
Less than AED 100,000 0.60%
Starting from AED 100,000 and less than AED 1 million 0.80%
Starting from AED 1 million and less than AED 5 million 1.10%
Starting from AED 5 million and above 1.50%

Interest rates

Interest rate applied on daily closing balance
 
Full balance of E-Saver Account2 Less than AED 100,000
Interest rates applicable from 1 March 20183 0.60%
Full balance of E-Saver Account2 Starting from AED 100,000 and less than AED 1 million
Interest rates applicable from 1 March 20183 0.80%
Full balance of E-Saver Account2 Starting from AED 1 million and less than AED 5 million
Interest rates applicable from 1 March 20183 1.10%
Full balance of E-Saver Account2 Starting from AED 5 million and above
Interest rates applicable from 1 March 20183 1.50%

2Interest rate for E-Saver is per annum and is calculated daily and paid on monthly basis. The corresponding interest rates from the below table will be applicable on the entire daily closing balance in the E-Saver Account, eg if the daily closing balance is AED 2 million, then the corresponding interest rate of 1.75% set out in the below table will be applicable on the entire AED 2 million. Similarly, if the daily closing balance is AED 6 million then the corresponding interest rate of 2.00% set out in the above table will be applicable on the entire AED 6 million deposit. 

3Interest rates are subject to change.

Documents required to apply

Existing HSBC UAE account holders:

If you already hold an account with HSBC, then no further documents are required to open an E-Saver Account.

Non-HSBC UAE account holders:

Sole account

You need to visit a branch or Customer Services Centre with the following documents:

  • Original passport (for all customers)
  • Valid UAE 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 and employment letter

Joint account

Both you and your joint applicant(s) need to visit a branch or Customer Service Centre with the following documents:

  • Original passport (for all customers)
  • Valid UAE 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 and employment letter

Apply online

Apply by phone

Please call us on 800 7010.

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