| Annual Fee | Islamic Banking | Minimum Balance | Multiple Currencies | |
|---|---|---|---|---|
HSBC Business Call Deposit Account
|
Annual Fee: AED 0 | Islamic Banking: No | Minimum Balance: AED 25,000 | Multiple Currencies: Yes |
With a Business Call Deposit account you will have flexibility of a Current Account with the benefit of interest earned on deposited funds.
HSBC Business Call Deposit Account Features:
HSBC Business Call Deposit Account Features:
- Competitive interest rate calculated daily and credited monthly
- No fixed deposit period
- No restriction on deposits or withdrawals - make as many as you like
- Monthly service charge below average balance - AED 150 or equivalent in foreign currency
- Minimum AED 25,000 needs to be maintained
- Current Account available in UAE Dirham, US Dollars, Euro and Pound Sterling
- Free monthly statement
- Free Phone Banking
** 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.
