Grow your savings with us
Put your money to work, safe in the knowledge of how much interest it’s going to earn you. Just choose the length of your term and deposit amount, and prepare to earn interest at a fixed rate.
- Get a fixed interest rate, payable upon maturity. Fees and charges apply
- A flexible choice of terms, from 1 month to 3 years
- Low minimum deposits from AED 10,000 or USD/GBP 5,000
- Open an account in AED, USD or GBP
- Maximise returns by reinvesting both principal and interest on maturity
- Manage your money 24/7 through mobile, online or phone banking
Interest rates
AED rates up to
4.15%[@aprtermdeposit],[@rolling-term-deposit]
USD rates up to
4.30%[@aprtermdeposit],[@rolling-term-deposit]
GPB rates up to
4.30%[@aprtermdeposit],[@rolling-term-deposit]
Supercharge your savings with a Term Deposit
Make the most of your money with our latest promotional rates. Just bring in at least AED 100,000[@td-offer-funds] from outside HSBC.[@rolling-term-deposit]
Indicative fixed interest rates
All indicative fixed interest rates quoted are Annual Equivalent Rates. This is a notional rate, which illustrates what the credit interest will be if interest were paid for a full calendar year. The interest will accrue for each calendar day in a month.
Interest is calculated on a daily basis and is paid at maturity.
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.
Premier rates
| Deposit term | 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 | 0.95% AER | 1.05% AER | 1.20% AER | 1.30% AER | 1.60% AER | 1.75% AER | 1.90% AER | 1.90% AER | 1.90% AER |
1.95% AER | 2.10% AER |
| From AED 150,000 and less than AED 750,000 | 1.00% AER | 1.10% AER | 1.25% AER | 1.35% AER | 1.75% AER | 1.90% AER | 2.05% AER | 2.05% AER | 2.05% AER |
2.10% AER | 2.20% AER |
| Starting from AED 750,000 and above | 1.05% AER | 1.15% AER | 1.35% AER | 1.40% AER | 1.90% AER | 2.00% AER | 2.15% AER | 2.15% AER |
2.15% AER |
2.20% AER | 2.30% AER |
| Deposit term | Less than AED 150,000 |
|---|---|
| 1 month | 0.95% AER |
| 2 months | 1.05% AER |
| 3 months | 1.20% AER |
| 4 months | 1.30% AER |
| 6 months | 1.60% AER |
| 9 months | 1.75% AER |
| 12 months | 1.90% AER |
| 13 months | 1.90% AER |
| 18 months |
1.90% AER |
| 24 months | 1.95% AER |
| 36 months | 2.10% AER |
| Deposit term | From AED 150,000 and less than AED 750,000 |
| 1 month | 1.00% AER |
| 2 months | 1.10% AER |
| 3 months | 1.25% AER |
| 4 months | 1.35% AER |
| 6 months | 1.75% AER |
| 9 months | 1.90% AER |
| 12 months | 2.05% AER |
| 13 months | 2.05% AER |
| 18 months |
2.05% AER |
| 24 months | 2.10% AER |
| 36 months | 2.20% AER |
| Deposit term | Starting from AED 750,000 and above |
| 1 month | 1.05% AER |
| 2 months | 1.15% AER |
| 3 months | 1.35% AER |
| 4 months | 1.40% AER |
| 6 months | 1.90% AER |
| 9 months | 2.00% AER |
| 12 months | 2.15% AER |
| 13 months |
2.15% AER |
| 18 months |
2.15% AER |
| 24 months | 2.20% AER |
| 36 months | 2.30% AER |
| Deposit term | 1 month | 2 months | 3 months | 6 months | 9 months | 12 months | 18 months |
24 months |
36 months |
|---|---|---|---|---|---|---|---|---|---|
| More than USD 5,000 | 1.15% AER |
1.25% AER |
1.45% AER |
2.00% AER |
2.30% AER |
2.50% AER |
2.40% AER |
2.20% AER |
2.00% AER |
| Deposit term | More than USD 5,000 |
|---|---|
| 1 month |
1.15% AER |
| 2 months |
1.25% AER |
| 3 months |
1.45% AER |
| 6 months |
2.00% AER |
| 9 months |
2.30% AER |
| 12 months |
2.50% AER |
| 18 months |
2.40% AER |
| 24 months |
2.20% AER |
| 36 months |
2.00% AER |
Advance and Personal Banking rates
| Deposit term | 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 | 0.93% AER |
1.03% AER |
1.18% AER |
1.28% AER |
1.58% AER |
1.73% AER |
1.88% AER |
1.88% AER |
1.88% AER |
1.93% AER |
2.08% AER |
| From AED 150,000 and less than AED 750,000 | 0.98% AER |
1.08% AER |
1.23% AER |
1.33% AER |
1.73% AER |
1.88% AER |
2.03% AER |
2.03% AER |
2.03% AER |
2.08% AER |
2.18% AER |
| Starting from AED 750,000 and above | 1.03% AER |
1.13% AER |
1.33% AER |
1.38% AER |
1.88% AER |
1.98% AER |
2.13% AER |
2.13% AER |
2.13% AER |
2.18% AER |
2.28% AER |
| Deposit term | Less than AED 150,000 |
|---|---|
| 1 month |
0.93% AER |
| 2 months |
1.03% AER |
| 3 months |
1.18% AER |
| 4 months |
1.28% AER |
| 6 months |
1.58% AER |
| 9 months |
1.73% AER |
| 12 months |
1.88% AER |
| 13 months |
1.88% AER |
| 18 months |
1.88% AER |
| 24 months |
1.93% AER |
| 36 months | 2.08% AER |
| Deposit term | From AED 150,000 and less than AED 750,000 |
| 1 month |
0.98% AER |
| 2 months |
1.08% AER |
| 3 months |
1.23% AER |
| 4 months |
1.33% AER |
| 6 months |
1.73% AER |
| 9 months |
1.88% AER |
| 12 months |
2.03% AER |
| 13 months |
2.03% AER |
| 18 months |
2.03% AER |
| 24 months |
2.08% AER |
| 36 months |
2.18% AER |
| Deposit term | Starting from AED 750,000 and above |
| 1 month |
1.03% AER |
| 2 months |
1.13% AER |
| 3 months |
1.33% AER |
| 4 months |
1.38% AER |
| 6 months |
1.88% AER |
| 9 months |
1.98% AER |
| 12 months |
2.13% AER |
| 13 months |
2.13% AER |
| 18 months |
2.13% AER |
| 24 months |
2.18% AER |
| 36 months |
2.28% AER |
| Deposit term | 1 month | 2 months | 3 months | 6 months | 9 months | 12 months | 18 months |
24 months |
36 months |
|---|---|---|---|---|---|---|---|---|---|
| More than USD 5,000 | 1.13% AER |
1.23% AER |
1.43% AER |
1.98% AER |
2.28% AER |
2.48% AER |
2.38% AER |
2.18% AER |
1.98% AER |
| Deposit term | More than USD 5,000 |
|---|---|
| 1 month |
1.13% AER |
| 2 months |
1.23% AER |
| 3 months |
1.43% AER |
| 6 months |
1.98% AER |
| 9 months |
2.28% AER |
| 12 months |
2.48% AER |
| 18 months |
2.38% AER |
| 24 months |
2.18% AER |
| 36 months | 1.98% AER |
Promotional rates
Promotional fixed interest rate per year by deposit term.[@rolling-term-deposit] Interest on UAE Dirhams and United States Dollars are calculated on a 360 day basis and paid annually or monthly. Interest on GBP is calculated on a 365 day basis.[@aprtermdeposit]
| Term | AED | USD | GBP |
|---|---|---|---|
| 3 months | 3.99% |
4.15% |
4.30% |
| 6 months | 4.05% | 4.30% | 4.25% |
| 12 months | 4.15% | 4.15% | 4.10% |
| Term | 3 months |
|---|---|
| AED |
3.99% |
| USD |
4.15% |
| GBP |
4.30% |
| Term | 6 months |
| AED | 4.05% |
| USD | 4.30% |
| GBP |
4.25% |
| Term | 12 months |
| AED | 4.15% |
| USD | 4.15% |
| GBP |
4.10% |
These promotional fixed rates are available until 31 December 2024.
If you break your Term Deposit before maturity, the promotional rate no longer applies. Instead, interest will be paid based on the board rate applicable at the time when you placed the Term Deposit minus 1%.
Illustrative example
Indicative rates for illustrative example
| Deposit term | 1 month | 6 months | 9 months | 12 months |
|---|---|---|---|---|
| Fixed Interest rate | 0.5% AER | 0.8% AER | 1.1% AER | 1.2% AER |
| Deposit term | Fixed Interest rate |
|---|---|
| 1 month | 0.5% AER |
| 6 months | 0.8% AER |
| 9 months | 1.1% AER |
| 12 months | 1.2% AER |
A customer books a deposit for AED 100,000 on 1 January 2023 for 12 months. This means the Term Deposit will mature on 31 December 2023. The AED 100,000 deposit will then be repaid and the interest received will be AED 1,217, calculated on 1.2% AER for 365 days.
Example 1: Term Deposit break on 15 January 2023
AED 100,00 deposit will be repaid.
No interest will be paid.
Example 2: Term Deposit break on 30 June 2023
AED 100,00 deposit will be repaid.
Tenor completed is 6 months. The applicable historical interest rate is 0.8% AER. 1% will be subtracted from 0.8%, resulting in -0.2%.
Since this is below 0, there will be no interest paid.
Example 3: Term Deposit break on 31 October 2023
AED 100,000 deposit will be repaid.
Tenor completed is 9 months. The applicable historical interest rate is 1.1%. 1% will be subtracted from 1.1% resulting in 0.1%.
The interest received will be AED 84.44, calculated on 0.1% for 304 days.
Things to know
Who can apply?
You can apply for a Term Deposit Account if you:
- are over 18 and a UAE resident
- have an HSBC current or savings account
You must hold the 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.
Get started
Already an HSBC customer?
Only AED Term Deposits are available online. To open an account with promotional rates, or in USD or GBP, please apply by phone.
New to HSBC?
Complete our callback form to speak to a member of our team.
We'll get back to you during working hours, Monday to Friday, 09:00 to 16:30. If you contact us outside these times, we aim to get back to you on the next working day. We may record calls to help improve our service to you.
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