HSBC E-Saver Account

Step up your savings to earnings with up to 3% p.a. total bonus interest1.

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 transfers2.
  • 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 transfers2.

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.

You can make one debit transaction (transfers, payments, etc.) per month which will not result in loss of interest for the month.

 

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 Account3 E-Saver Standard rates on Existing Funds Campaign Bonus Rate on New to Bank Funds1 Total Applicable Interest Rate on New to Bank Funds4
Less than AED 100,000 0.60% 0.40% 1.00%
Starting from AED 100,000 and less than AED 1 million 0.80% 0.45% 1.25%
Starting from AED 1 million and less than AED 5 million 1.10% 0.40% 1.50%
Starting from AED 5 million and above 1.50% 1.50% 3.00%1

Interest rates

Interest rate applied on daily closing balance
 
Full balance of E-Saver Account3 Less than AED 100,000
E-Saver Standard rates on Existing Funds 0.60%
Campaign Bonus Rate on New to Bank Funds1 0.40%
Total Applicable Interest Rate on New to Bank Funds4 1.00%
Full balance of E-Saver Account3 Starting from AED 100,000 and less than AED 1 million
E-Saver Standard rates on Existing Funds 0.80%
Campaign Bonus Rate on New to Bank Funds1 0.45%
Total Applicable Interest Rate on New to Bank Funds4 1.25%
Full balance of E-Saver Account3 Starting from AED 1 million and less than AED 5 million
E-Saver Standard rates on Existing Funds 1.10%
Campaign Bonus Rate on New to Bank Funds1 0.40%
Total Applicable Interest Rate on New to Bank Funds4 1.50%
Full balance of E-Saver Account3 Starting from AED 5 million and above
E-Saver Standard rates on Existing Funds 1.50%
Campaign Bonus Rate on New to Bank Funds1 1.50%
Total Applicable Interest Rate on New to Bank Funds4 3.00%1

1Campaign period is valid from 1 November 2019 to 31 December 2019 (both days inclusive). Personal Banking General Terms and Conditions apply. Offer Terms and Conditions apply. 3% total bonus interest rate combines E-Saver standard rate of 1.5% on existing balance of 5 million or above and an additional Bonus Interest Rate of 1.5% only on New to Bank Funds during the Campaign Period. The customer's "Deposits Total Relationship Balance" or "Deposits TRB" at the end of every month during the campaign period should be higher than the customer's Deposits TRB as at 31 October 2019 and only the incremental funds will be considered as eligible New to Bank funds for the purpose of this Campaign.

2Standard HSBC fees and charges apply.

3Interest rate for E-Saver is per annum and is calculated daily and paid on a monthly basis. The corresponding interest rates from the 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 1.10% set out in the 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 1.50% set out in the above table will be applicable on the entire AED 6 million deposit. 

4Interest 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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