Term Deposit Account

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Term Deposit Account

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
3.30%[@aprtermdeposit]

USD rates up to
3.80%[@aprtermdeposit],[@usd-term-deposit]

GBP rates up to
3.40%[@aprtermdeposit]

Get started

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.

Promotional Rates for New funds

Promotional fixed interest rate per year by deposit term. 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 (AER)	USD (AER)	GBP (AER)
3 months	3.30%	3.40%	3.40%
6 months	3.20%	3.35%	3.30%
12 months	3.10%	3.80%[@usd-term-deposit]	3.20%


Term	3 months
AED (AER)	3.30%
USD (AER)	3.40%
GBP (AER)	3.40%

Term	6 months
AED (AER)	3.20%
USD (AER)	3.35%
GBP (AER)	3.30%

Term	12 months
AED (AER)	3.10%
USD (AER)	3.80%[@usd-term-deposit]
GBP (AER)	3.20%

The promotional rate for USD term deposit under USD 500,000 is 3.20% AER (12 months).

The minimum eligible deposit for 3.80% AER is USD 500,000 and is available in USD only.

‘New funds’ is defined as the difference between the total current balance in your current and savings accounts in same currency as the term deposit on the day of booking, and one of the following:

A. The same total balance criteria, 7 days ago

B. The same total balance criteria, 30 days ago

Whichever difference, current – A or current – B, is LOWER will be the amount eligible as fresh funds for the promotional rate for the chosen term. The current balance must always be higher than A or B.

The rate will only apply to these funds, for the specific terms as shown.

Any amount above the fresh funds or targeted offer can be placed at the prevailing board rates as another term deposit.

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%.

Premier rates

Premier fixed interest rates per year by deposit term in AED. Interest on UAE Dirhams is calculated on a 360 day basis.[@aprtermdeposit]

GPB & Premier rates (AED)
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	2.50% AER	2.50% AER	2.75% AER	2.55% AER	2.55% AER	2.55% AER	2.60% AER	2.35% AER	2.35% AER	2.35% AER	2.35% AER
From AED 150,000 and less than AED 500,000	2.55% AER	2.55% AER	2.80% AER	2.60% AER	2.60% AER	2.60% AER	2.65% AER	2.40% AER	2.40% AER	2.40% AER	2.40% AER
From AED 500,000 and less than AED 1 million	2.60% AER	2.60% AER	2.85% AER	2.65% AER	2.65% AER	2.65% AER	2.70% AER	2.45% AER	2.45% AER	2.45% AER	2.45% AER
Starting from AED 1 million and above	2.65% AER	2.65% AER	2.90% AER	2.70% AER	2.70% AER	2.70% AER	2.75% AER	2.50% AER	2.50% AER	2.50% AER	2.50% AER

Premier fixed interest rates per year by deposit term in AED. Interest on UAE Dirhams is calculated on a 360 day basis.[@aprtermdeposit]

GPB & Premier rates (AED)
Deposit term	Less than AED 150,000
1 month	2.50% AER
2 months	2.50% AER
3 months	2.75% AER
4 months	2.55% AER
6 months	2.55% AER
9 months	2.55% AER
12 months	2.60% AER
13 months	2.35% AER
18 months	2.35% AER
24 months	2.35% AER
36 months	2.35% AER

Deposit term	From AED 150,000 and less than AED 500,000
1 month	2.55% AER
2 months	2.55% AER
3 months	2.80% AER
4 months	2.60% AER
6 months	2.60% AER
9 months	2.60% AER
12 months	2.65% AER
13 months	2.40% AER
18 months	2.40% AER
24 months	2.40% AER
36 months	2.40% AER

Deposit term	From AED 500,000 and less than AED 1 million
1 month	2.60% AER
2 months	2.60% AER
3 months	2.85% AER
4 months	2.65% AER
6 months	2.65% AER
9 months	2.65% AER
12 months	2.70% AER
13 months	2.45% AER
18 months	2.45% AER
24 months	2.45% AER
36 months	2.45% AER

Deposit term	Starting from AED 1 million and above
1 month	2.65% AER
2 months	2.65% AER
3 months	2.90% AER
4 months	2.70% AER
6 months	2.70% AER
9 months	2.70% AER
12 months	2.75% AER
13 months	2.50% AER
18 months	2.50% AER
24 months	2.50% AER
36 months	2.50% AER

Premier fixed interest rates per year by deposit term in USD. Interest on US Dollars is calculated on a 360 day basis.[@aprtermdeposit]

GPB & Premier Rates (USD)
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	2.70% AER	2.70% AER	2.95% AER	2.75% AER	2.75% AER	2.80% AER	2.55% AER	2.55% AER	2.55% AER

Premier fixed interest rates per year by deposit term in USD. Interest on US Dollars is calculated on a 360 day basis.[@aprtermdeposit]

GPB & Premier Rates (USD)
Deposit term	More than USD 5,000
1 month	2.70% AER
2 months	2.70% AER
3 months	2.95% AER
6 months	2.75% AER
9 months	2.75% AER
12 months	2.80% AER
18 months	2.55% AER
24 months	2.55% AER
36 months	2.55% AER

Premier fixed interest rates per year by deposit term in GBP. Interest on Great Britain Pounds is calculated on a 365 day basis.[@aprtermdeposit]

GPB & Premier Rates (GBP)
Deposit term	1 month	2 months	3 months	6 months	9 months	12 months	36 months
More than GBP 5,000	2.70% AER	2.70% AER	2.95% AER	2.75% AER	2.75% AER	2.80% AER	2.55% AER

Premier fixed interest rates per year by deposit term in GBP. Interest on Great Britain Pounds is calculated on a 365 day basis.[@aprtermdeposit]

GPB & Premier Rates (GBP)
Deposit term	More than GBP 5,000
1 month	2.70% AER
2 months	2.70% AER
3 months	2.95% AER
6 months	2.75% AER
9 months	2.75% AER
12 months	2.80% AER
36 months	2.55% AER

Advance and Personal Banking rates

Advance and Personal Banking fixed interest rates per year by deposit term in AED. Interest on UAE Dirhams is calculated on a 360 day basis.[@aprtermdeposit]

Advance and Personal Banking rates (AED)
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	2.48% AER	2.48% AER	2.73% AER	2.53% AER	2.53% AER	2.53% AER	2.58% AER	2.33% AER	2.33% AER	2.33% AER	2.33% AER
From AED 150,000 and less than AED 500,000	2.53% AER	2.53% AER	2.78% AER	2.58% AER	2.58% AER	2.58% AER	2.63% AER	2.38% AER	2.38% AER	2.38% AER	2.38% AER
From AED 500,000 and less than AED 1 million	2.58% AER	2.58% AER	2.83% AER	2.63% AER	2.63% AER	2.63% AER	2.68% AER	2.43% AER	2.43% AER	2.43% AER	2.43% AER
Starting from AED 1 million and above	2.63% AER	2.63% AER	2.88% AER	2.68% AER	2.68% AER	2.68% AER	2.73% AER	2.48% AER	2.48% AER	2.48% AER	2.48% AER

Advance and Personal Banking fixed interest rates per year by deposit term in AED. Interest on UAE Dirhams is calculated on a 360 day basis.[@aprtermdeposit]

Advance and Personal Banking rates (AED)
Deposit term	Less than AED 150,000
1 month	2.48% AER
2 months	2.48% AER
3 months	2.73% AER
4 months	2.53% AER
6 months	2.53% AER
9 months	2.53% AER
12 months	2.58% AER
13 months	2.33% AER
18 months	2.33% AER
24 months	2.33% AER
36 months	2.33% AER

Deposit term	From AED 150,000 and less than AED 500,000
1 month	2.53% AER
2 months	2.53% AER
3 months	2.78% AER
4 months	2.58% AER
6 months	2.58% AER
9 months	2.58% AER
12 months	2.63% AER
13 months	2.38% AER
18 months	2.38% AER
24 months	2.38% AER
36 months	2.38% AER

Deposit term	From AED 500,000 and less than AED 1 million
1 month	2.58% AER
2 months	2.58% AER
3 months	2.83% AER
4 months	2.63% AER
6 months	2.63% AER
9 months	2.63% AER
12 months	2.68% AER
13 months	2.43% AER
18 months	2.43% AER
24 months	2.43% AER
36 months	2.43% AER

Deposit term	Starting from AED 1 million and above
1 month	2.63% AER
2 months	2.63% AER
3 months	2.88% AER
4 months	2.68% AER
6 months	2.68% AER
9 months	2.68% AER
12 months	2.73% AER
13 months	2.48% AER
18 months	2.48% AER
24 months	2.48% AER
36 months	2.48% AER

Advance and Personal Banking fixed interest rates per year by deposit term in USD. Interest on US Dollars is calculated on a 360 day basis.[@aprtermdeposit]

Advance and Personal Banking rates (USD)
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	2.68% AER	2.68% AER	2.93% AER	2.73% AER	2.73% AER	2.78% AER	2.53% AER	2.53% AER	2.53% AER

Advance and Personal Banking fixed interest rates per year by deposit term in USD. Interest on US Dollars is calculated on a 360 day basis.[@aprtermdeposit]

Advance and Personal Banking rates (USD)
Deposit term	More than USD 5,000
1 month	2.68% AER
2 months	2.68% AER
3 months	2.93% AER
6 months	2.73% AER
9 months	2.73% AER
12 months	2.78% AER
18 months	2.53% AER
24 months	2.53% AER
36 months	2.53% AER

Advance and Personal Banking fixed interest rates per year by deposit term in GBP. Interest on Great Britain Pounds is calculated on a 365 day basis.[@aprtermdeposit]

Advance and Personal Banking rates (GBP)
Deposit term	1 month	2 months	3 months	6 months	9 months	12 months	36 months
More than GBP 5,000	2.68% AER	2.68% AER	2.93% AER	2.73% AER	2.73% AER	2.78% AER	2.53% AER

Advance and Personal Banking rates (GBP)
Deposit term	More than GBP 5,000
1 month	2.68% AER
2 months	2.68% AER
3 months	2.93% AER
6 months	2.73% AER
9 months	2.73% AER
12 months	2.78% AER
36 months	2.53% AER

Here's an illustrative example using the different rates available when the term deposit is placed:

Promotional fixed rates (AER):

6 months – 2.0%

12 months – 3.0%

Standard board fixed rates (AER):

1 month – 0.5%

6 months – 0.8%

9 months – 1.1%

12 months – 1.2%

Term deposit held for the full tenure

A customer books a deposit for AED 100,000 for 12 months at the promotional rate. The AED 100,000 deposit will then be repaid and the interest received will be AED 3,041, calculated on 3% AER for 365 days.

Term deposit break after 15 days

AED 100,00 deposit is repaid.

No interest is paid.

Term deposit break after 6 months

AED 100,00 deposit is repaid.

The applicable historical interest rate is 0.8% AER. 1% will be subtracted from 0.8%, giving -0.2%.

Since this is below 0, no interest is paid.

Term deposit break after 9 months

AED 100,000 deposit will be repaid. 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.

Here's an illustrative example using the different rates available when the term deposit is placed:

Promotional fixed rates (AER):

6 months – 2.0%

12 months – 3.0%

Standard board fixed rates (AER):

1 month – 0.5%

6 months – 0.8%

9 months – 1.1%

12 months – 1.2%

How to work out the eligible amount for promotional rates

A. On the date of term deposit opening, the total current account and savings balance in AED was 1,550,000

B. 7 days ago the balance was AED 1,500,000

C. 30 days ago the balance was AED 1,525,000

The amount eligible for the promotional rate is the LOWEST of (A-B vs A-C), in this case (1,550,000- 1,500,000) vs (1,550,000- 1,525,000) which is AED 25,000.

Note: Account balances in AED in different current and savings accounts will be considered (including e-Saver) in this calculation. Balances held in other currencies will not be included.

What it could it earn

A 6-month term deposit for AED 30,000 would earn 0.8% AER, as it’s over the eligible amount.

A 6-month term deposit for AED 25,000 would earn 2.0% AER, as it’s up to the eligible amount.

A 12-month term deposit for AED 15,000 would earn3.0% AER, as it’s up to the eligible amount.

A 1-month term deposit for AED 25,000 would earn 1.1% AER, as promotional rates aren't applicable to this tenure.

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.

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.

Please note, that we may request further information or documentation from you, in order to comply with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS).

Find out more about CRS

Get started

Already an HSBC customer?

To open a term deposit in AED, USD or GBP, or with promotional rates, please apply using the HSBC UAE app. Just log on, scroll to 'Products & services', then 'Open term deposit'.

Apply for a Term Deposit in the HSBC UAE Mobile App.

Scan the QR code with your mobile device to apply in the app.

Get the app

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.

Get a callback

Other ways to apply

You can open an AED Term Deposit online.

If you'd like to open an account with promotional rates or in USD or GBP, please apply in the app.

Apply online

Grow your savings with us

Interest rates

Supercharge your savings with a term deposit

Indicative fixed interest rates

Promotional Rates for New funds

What are new funds?

Premier rates

Advance and Personal Banking rates

What happens if I break my term early?

How do promotional rates work?

Things to know

Who can apply?

What you'll need

Important documents

Get started

Already an HSBC customer?

New to HSBC?

Other ways to apply

Apply online

Apply by phone

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Savings Account

E-Saver Account

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