HSBC Term Deposit Account

Grow your money with a HSBC Term Deposit Account.

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 interest rates
    Interest rate up to 2.00%4 per annum over the term of the deposit, payable upon maturity
  • Choice of currencies
    Your Term Deposit account is available in AED, USD or GBP
  • Low minimum deposit requirement
    AED 10,000 or USD/GBP 5,000
  • Opportunity to maximise returns
    Choose to reinvest both principal and interest on maturity
  • 24/7 banking to suit your needs
    Free online banking, phone banking, mobile banking and text message alerts
  • Choice of terms
    Starting from 1 month and up to 36 months

4Standard HSBC fees and charges apply.

New term deposit rates, effective 28 November 20195

HSBC Premier interest rates by deposit term in AED
 
Full balance of the term deposit 1 month 2 months 3 months 4 months 6 months 9 months 12 months 13 months 18 months 24 months 36 months
Less than AED 150,000 0.45% 0.55% 0.65% 0.80% 1.00% 1.25% 1.35% 1.37% 1.40% 1.45% 1.55%
From AED 150,000 and less than AED 750,000 0.50% 0.60% 0.65% 0.90% 1.15% 1.35% 1.50% 1.52% 1.55% 1.65% 1.75%
Starting from AED 750,000 and above 0.65% 0.70% 0.90% 1.10% 1.35% 1.55% 1.75% 1.77% 1.80% 1.90% 2.00%
HSBC Premier interest rates by deposit term in AED
 
Full balance of the term deposit Less than AED 150,000
1 month 0.45%
2 months 0.55%
3 months 0.65%
4 months 0.80%
6 months 1.00%
9 months 1.25%
12 months 1.35%
13 months 1.37%
18 months 1.40%
24 months 1.45%
36 months 1.55%
Full balance of the term deposit From AED 150,000 and less than AED 750,000
1 month 0.50%
2 months 0.60%
3 months 0.65%
4 months 0.90%
6 months 1.15%
9 months 1.35%
12 months 1.50%
13 months 1.52%
18 months 1.55%
24 months 1.65%
36 months 1.75%
Full balance of the term deposit Starting from AED 750,000 and above
1 month 0.65%
2 months 0.70%
3 months 0.90%
4 months 1.10%
6 months 1.35%
9 months 1.55%
12 months 1.75%
13 months 1.77%
18 months 1.80%
24 months 1.90%
36 months 2.00%
HSBC Premier interest rates by deposit term in USD
Full balance of USD Term Deposit 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
Less than USD 5,000 0% 0%
0%
0%
0%
0%
More than USD 5,000 0.05% 0.10% 0.15% 0.50% 0.60% 0.75%
HSBC Premier interest rates by deposit term in USD
Full balance of USD Term Deposit Less than USD 5,000
1 Month 0%
2 Months 0%
3 Months 0%
6 Months 0%
9 Months 0%
12 Months 0%
Full balance of USD Term Deposit More than USD 5,000
1 Month 0.05%
2 Months 0.10%
3 Months 0.15%
6 Months 0.50%
9 Months 0.60%
12 Months 0.75%
HSBC Advance and Personal banking interest rates by deposit term in AED
 
Full balance of the term deposit 1 month 2 months 3 months 4 months 6 months 9 months 12 months 13 months 18 months 24 months 36 months
Less than AED 150,000 0.43% 0.53% 0.63% 0.78% 0.98% 1.23% 1.33% 1.35% 1.38% 1.43% 1.53%
From AED 150,000 and less than AED 750,000 0.48% 0.58% 0.63% 0.88% 1.13% 1.33% 1.48% 1.50% 1.53% 1.63% 1.73%
Starting from AED 750,000 and above 0.63% 0.68% 0.88% 1.08% 1.33% 1.53% 1.73% 1.75% 1.78% 1.88% 1.98%
HSBC Advance and Personal banking interest rates by deposit term in AED
 
Full balance of the term deposit Less than AED 150,000
1 month 0.43%
2 months 0.53%
3 months 0.63%
4 months 0.78%
6 months 0.98%
9 months 1.23%
12 months 1.33%
13 months 1.35%
18 months 1.38%
24 months 1.43%
36 months 1.53%
Full balance of the term deposit From AED 150,000 and less than AED 750,000
1 month 0.48%
2 months 0.58%
3 months 0.63%
4 months 0.88%
6 months 1.13%
9 months 1.33%
12 months 1.48%
13 months 1.50%
18 months 1.53%
24 months 1.63%
36 months 1.73%
Full balance of the term deposit Starting from AED 750,000 and above
1 month 0.63%
2 months 0.68%
3 months 0.88%
4 months 1.08%
6 months 1.33%
9 months 1.53%
12 months 1.73%
13 months 1.75%
18 months 1.78%
24 months 1.88%
36 months 1.98%
HSBC Advance and Personal banking interest rates by deposit term in USD
Full balance of USD Term Deposit 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
Less than USD 5,000 0% 0%
0%
0%
0%
0%
More than USD 5,000 0.04% 0.09% 0.14% 0.49% 0.59% 0.74%
HSBC Advance and Personal banking interest rates by deposit term in USD
Full balance of USD Term Deposit Less than USD 5,000
1 Month 0%
2 Months 0%
3 Months 0%
6 Months 0%
9 Months 0%
12 Months 0%
Full balance of USD Term Deposit More than USD 5,000
1 Month 0.04%
2 Months 0.09%
3 Months 0.14%
6 Months 0.49%
9 Months 0.59%
12 Months 0.74%

5Interest rates are subject to change from time to time at the sole discretion of HSBC Bank Middle East Limited. The interest rate applicable to your existing deposit will remain unchanged for the duration of the term. For more information about the interest rates applicable for particular deposit amounts, currencies and terms, please contact one of our Premier Relationship Managers or any branch or call centre. 

If you decide to break your deposit before the end of its term, fees and charges may apply and, in addition, you may lose some or all of your interest.

Fees and charges

Withdrawal of term deposits before the end of the term will result in the following:

Withdrawals made within the first 30 days – no interest will be paid If withdrawals are made after 30 days – historical interest rate for the tenure of deposit held minus 1% will be paid. If this results in the interest rate being 0% or lower, only the principal amount will be repaid.

If you decide to break your term deposit before the end of the term, fees and charges may apply and, in addition, you may lose some or all of your interest on your term deposit.

Documents required to apply

You need to complete our account opening process by visiting any of our branches or customer service centres, with the following documents:

  • 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)

You must have an HSBC current or savings account for the duration of any term deposit. For joint deposits, all account holders must hold an HSBC current or savings account either jointly or separately in their sole names.

Apply online

Apply by phone

Call us on:

800 444 7776 (within UAE)

+971 4 325 4573  (outside UAE)

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