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 HSBC Bank Middle East.
If you don’t want to create an account at Arab Bank UAE check out the List of Banks in Dubai and their classifications.
If you love banking from the convenience of your home then you should see how you can register for internet banking.
To open a savings account, click here, but if it is a current account, check it out here; if it is a term deposit bank account you want to see how to create a term deposit Bank Account.
Criteria to open a Term Deposit account at HSBC Bank Middle East
- 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 HSBC Bank Middle East mobile banking app on Android but if you are using an iPhone you can check out How to Download and register for the HSBC Bank Middle East mobile banking app on iPhone.
Procedure to Create a Term Deposit Account at HSBC Bank Middle East Account
There are two ways to open a Fixed Deposit account at HSBC Bank Middle East. You can do that by visiting the bank branch or registering online.
By visiting the bank branch
- 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 Fixed 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.
To see all the bank’s branches go to this page HSBC Bank Middle East Branches or you can just check out Credit Cards offered by HSBC Bank Middle East.
If you want details on How to Open an HSBC Bank Middle East Bank Account Online and to know more about their accounts check out the Types of accounts offered by HSBC Bank Middle East.
By registering online
- Step 1: Got the bank’s website via the URL https://www.hsbc.ae/savings-accounts/
- Step 2:Scroll down the page and select the Term Deposit account
- Step 3: Click on Apply Now
- Step 4: Scroll down the page and fill out the Form asking you to input your personal details
- Step 5: Click Proceed to continue the process
- Step 6: Follow the on-screen process to complete the process
If you have any questions, then use the information on this page HSBC Bank Middle East Contact Details to contact the bank.