| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
HSBC Savings Account
|
Minimum Balance: QAR 0 | Annual Fee: QAR 0 | Internet Banking: No | Features: Phone Banking, Multiple Currencies |
An HSBC Savings Account is the secure and flexible way to save for the things that are important to you. Not only do you earn interest, but you also have immediate access to your money.
HSBC Savings Account Features:
HSBC Savings Account Features:
- Free Debit Card issuance
- Free cash withdrawals at HSBC Qatar ATMs
- No minimum monthly balance requirement
- Worldwide acceptance of HSBC Debit Cards
- A wide choice of currencies - QAR, USD, EUR and GBP
- 24/7 banking to suit your needs
- Free Internet Banking, Phone Banking, Mobile Banking and SMS Alerts
- Interest calculated and accrued monthly on the minimum daily balance and is paid half-yearly
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
