Annual Fee Islamic Banking Minimum Balance Multiple Currencies
HSBC Business Term Deposit HSBC Business Term Deposit Annual Fee: AED 0 Islamic Banking: No Minimum Balance: AED 50,000 Multiple Currencies: Yes
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With a Business Term Deposit account, you can earn interest on your balance for a fixed term.

HSBC Business Term Deposit Features:
  • Fixed deposit period with interest paid upon maturity
  • Fixed interest rate - based on InterBank money market rates
  • Free Phone Banking
  • Minimum AED 50,000 deposit required, there will be a penalty based on market rate if it goes below. Average AED 3 Million turnover required on yearly basis, but this can be reviewed depending on each case
  • A processing charge of AED 100 will be levied, plus a penalty based on prevalent market rates at the sole discretion of the Bank
  • Current Account available in UAE Dirham, US Dollars, Euro and Pound Sterling
  • Automatic rollover facility upon maturity - for the same deposit tenor
  • Availability of online term deposit rate enquiry
  • Online placement of fixed term deposit
Interest Rate:

Fixed interest rate - based on InterBank money market rates
  • First 7 days - 0.025%
  • 7days to 4th month - 0.025%
  • 5th month - 0.0869%
  • 6th month - 0.1722%
  • 7th month - 0.1656%
  • 8th month - 0.159%
  • 9th month 0.1524%
  • 10th month - 0.1458%
  • 11th month 0.1392%
  • 12th month - 0.1326%
  • up to 24th month - 0.2%
Noor Business Accounts
Minimum Balance
AED 10,000
Annual Fee
AED 0
Emirates Islamic - Business Classic
Minimum Balance
AED 10,000
Annual Fee
AED 1,200