HSBC E-Saver Account

Extra savings for an extra special future.

We're giving away a total of AED 1,000,000 worth of prizes.

There are 131 cash prizes to be won including a Mega Prize of AED 500,0001. Get a chance to win with:

  • every AED 10,000 of new funds deposited into your HSBC account2
  • every AED 3,000 spent on your HSBC Debit Card3

Campaign valid from 1 February to 30 April 2020 (both days inclusive). 

Product and Campaign Terms and Conditions, HSBC Personal Banking General Terms and Conditions (UAE), Schedule of Services and Tariffs apply.

1To qualify for the mega prize of AED 500,000, you must deposit a minimum of AED 1 million of new funds during the campaign period and maintain the funds with the bank at least until 30 June 2020. Once you have made an eligible transfer of AED 1 Million, you will be awarded one entry for every AED 10,000 of new funds transferred and enter into a prize draw to win AED 500,000 (the "Mega prize" only). For example, you will be awarded 102 entries for a transfer of AED 1,020,000. The campaign has a total of 131 winners with prizes for category: Mega prize, Super Grand prize, Grand prize and prize. Campaign Terms and Conditions apply.

2You must transfer new minimum funds as stated in the Campaign Terms and Conditions into any of your HSBC bank accounts during the Campaign Period and ensure that these remain in your HSBC account until 30 June 2020. If you transfer any of these new funds out of your HSBC account before 30 June 2020 then you will no longer be eligible for this Campaign. Only the increase in your total relationship balances with the bank at the end of the campaign vs prior to the campaign starting date which is 1 February 2020 will be considered as new funds and make you eligible for the draw.

3Applies when you spend a minimum of AED 3,000 per month consecutively between 1 February 2020 to 30 April 2020.

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 transfers.4
  • 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 transfers.4

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 Account5 Interest rates applicable from 1 January 20206
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 Account5 Less than AED 100,000
Interest rates applicable from 1 January 20206
0.60%
Full balance of E-Saver Account5 Starting from AED 100,000 and less than AED 1 million
Interest rates applicable from 1 January 20206
0.80%
Full balance of E-Saver Account5 Starting from AED 1 million and less than AED 5 million
Interest rates applicable from 1 January 20206
1.10%
Full balance of E-Saver Account5 Starting from AED 5 million and above
Interest rates applicable from 1 January 20206
1.50%

4Standard HSBC fees and charges apply.

5Interest 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. 

6Interest 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

Call us on:

800 7010 (within UAE)

+971 4 325 4573 (outside UAE)

Related products

 

Grow your money with HSBC Term Deposit.

 

Turn your savings into winning.