Term deposits are a popular savings option offered by banks and other financial institutions.
Interest rates in Dubai have been on the rise lately, and while this may be bad news for borrowers, it is great news for savers.
They can provide a low-risk, reliable way to grow your money, helping you work towards achieving your financial goals. In this article, we are going to look at how you can create a term Deposit account at Habib Bank Limited (HBL).
If you don’t want to create an account at Arab Bank UAE check out the List of Banks in Dubai and their classifications.
To know more about their accounts check out the Types of accounts offered by Habib Bank Limited.
To open a savings account, click here, but if it is a current account, check it out here; if it is a Term Deposit account you want to see how to create a Term Deposit Account.
Criteria to open a Term Deposit account at Habib Bank Limited
- Valid original passport
- Valid residency visa (for UAE residents)
- Valid Emirates ID (for UAE residents)
- You need a minimum deposit of AED 10,000 or USD 5,000
- Be a Current or Savings Account holder
If you using an Android device it is best you check out the How to Download and register for the Habib Bank Limited mobile banking app on Android but if you are using an iPhone you can check out How to download and register for the Habib Bank Limited mobile banking app on iPhone.
To see all the bank’s branches go to this page Habib Bank Limited Branches or you can just check out Credit Cards offered by Habib Bank Limited.
Procedure to Create a Term Deposit Account at Habib Bank Limited Account
You can create a Term Deposit Account using any of these procedures, make sure to follow the one that would be the best for you:
- Step 1: You should visit the bank branch with the required documents
- Step 2: Speak to the customer service rep about your intent to open a Term Deposit bank account
- Step 3: The customer service rep will assist you in filling out the forms and also answer all the questions you may have about opening a Savings Account.
- Step 4: You will be given an account number and all the relevant particulars about your account.
If you have any questions, then use the information on this page Habib Bank Limited Contact Details to contact the bank.