HSBC Savings Account

0.01% a year as the base rate, calculated on the minimum monthly balance. From 1 August to 31 October 2026 an additional 5% a year bonus applies to eligible new money in AED.

It is paid on new money only. For each month of the campaign, HSBC takes the increase in your average daily savings balance over 31 July 2026 and the increase in your total deposits with HSBC over the same date, and pays 5% a year on whichever is lower. The bonus is capped at AED 5,000 a month.

Base interest is paid into the account twice a year, in January and July. Bonus interest is calculated on the last day of each campaign month and credited on the first working day of the next month, to your most recently opened AED current or savings account.

If you are a Personal Banking customer without a salary transfer to HSBC, a month with an average balance under AED 3,000 costs AED 26.25. The test uses the monthly average, not the lowest day.

Yes. You get an international Visa debit card and a free supplementary debit card. There is no cheque book on a savings account.

Yes. Joint AED Savings Accounts and minor accounts are within the campaign, and if you hold more than one Savings Account all of them are eligible.

Wait until every bonus payment has been credited. Your accounts must stay active and meet their eligibility criteria through the campaign and until the final credit, and closing before then forfeits the bonus. A closure within 6 months of opening also costs AED 105.