Term deposit account
Watch your savings grow when you choose one of our high-interest flexible term deposit accounts.
You can deposit funds for a pre-specified period at a fixed interest rate
- Available in BHD, USD, GBP, EURO
- Deposit period ranges from one week up to twelve months (i.e. 1,2 weeks or 1,2,3,6,9,12 months)
- Interest rate is fixed based on the Inter-Bank Money Market rate
- Interest is paid upon maturity. Interest may be added to the principal or credited to a separate account or paid by cash / cheque / Telex Transfer / Demand Draft as per your instructions
- Automatic rollover facility upon maturity for same period of deposit is available
- Personal Internet Banking Access to a range of account related services through Internet
- Phone Banking Access to your account through Phone. You will be required to pre-register for this service. Please contact your branch for details. Thereafter all you have to do is dial 80001900 to access your account
- Any resident/non resident may open a Time Deposit. Time Deposits may also be opened in the name of minors
- Minimum deposit is BHD 1000, USD 10,000, GBP 5,000, Euro 10,000
*Accounts, facilities and services are subject to the Bank's terms and conditions.
- Copy of your passport and CPR Card along with the originals for sighting
- In case of early withdrawal of your Time Deposit, a fee of BHD 20 plus interest costs for making the funds available prior to maturity, will apply
| Banking Service Charges | |||
| Branch Banking | Advance* | Additional information | |
| Account charges | |||
| Savings accounts | |||
| Monthly Minimum Balance | 20.000 | or equivalent amount in foreign currency | |
| Monthly Charge if below minimum Balance | 1.000 | * CBB exemptions may apply | |
| Current Accounts | |||
| Monthly Minimum Balance | 500.000 | or equivalent amount in foreign currency | |
| Monthly Charge if below minimum Balance | 8.000 | ||
| Overdrawn Current Account (Monthly) | 5.000 | ||
| Issuing Cheque Books | |||
| Large | 5.000 | Free | |
| Fixed Deposits | |||
| Minimum Deposit Amount | 1,000.000 | or equivalent amount in foreign currency | |
| Breaking prior to maturity (irrespective of tenure) | 25.000 | This charge will be waived if the fixed deposit is being broken for the purpose of investing the entire amount with HSBC Financial Planning Services Products | |
| Other Charges | |||
| Branch Banking | Advance* | Additional information | |
| Standing Order | |||
| Internal Transfer | No Charge | ||
| External Transfer | Refer to Wire Transfer charges | ||
| Set-up | 3.000 | ||
| Amendments | 3.000 | ||
| Penalty for insufficient funds | 10.000 | ||
| Copy of Account Statement - past one year | 5.000 | ||
| Copy of Account Statement - over 1 year old | 10.000 | BD10/- per year per account | |
| Copy of Transaction Documents | 10.000 | ||
| Savings Certificate Replacement | 10.000 | ||
| Balance Certificate | 10.000 | ||
| Stop Payment | 10.000 | ||
| Discharge Certificate (Non-liability Certificate) | 10.000 | ||
| Verification of Documents | 10.000 | May be done only for HSBC Group Banks | |
| Cheque Collection | |||
| Branch Banking | Advance* | Additional information | |
| Incoming Cheques | No Charge | ||
| Outgoing Cheques | No Charge | ||
| Cheque Returned by the Bank | No Charge | Cheques drawn on other banks returned unpaid | |
| Cheque Returned to the Bank | 10.000 | Cheques drawn on HSBC returned unpaid for the reason: refer to drawer/not arranged for/ represent |
|
| Special Clearing | 5.000 | per cheque | |
| Foreign Currency Cheques Sent for Collection | 10.000 | per cheque | |
| Cheques Purchased | BD 10/- for postage, commission - 0.2% of the cheque amount, minimum BHD5/- max 200/- | ||
| FCY Inward Remittances | 0.2% | Minimum BHD 5/- Max BHD 200/- | |
| Cash Withdrawal Charges | |||
| Branch Banking | Advance* | Additional information | |
| Over the Counter withdrawal belowBHD 1500/- | N/a | 3.000 | |
| Over the Counter withdrawal belowBHD 1000/- | 3.000 | N/a | per withdrawal |
| Counting coins | 5.000 | BHD 5/- regardless of the amount being counted | |
| Cash withdrawal from foreign currency accounts | 4.00% | except for USD - 1% | |
| Cash deposit into foreign currency accounts | 4.00% | except for USD - 1% | |
| Remittance Fees | |||
| Branch Banking | Advance* | Additional information | |
| Issue of Demand Draft through Cheque/Account | 7.000 | DDs will not be issued against cash or cheques over the counter |
|
| Issue of Demand Draft Against Cash | n/a | Not available | |
| Cancellation of Demand Draft | 5.000 | ||
| Collection of International Managers Cheque | 12.000 | BD5/- if drawn on HSBC Group | |
| Issue of Cashier's Order | 5.000 | ||
| Issue of Cashier's Order (against cash) | n/a | Not available | |
| Cancellation of Cashiers Order | 10.000 | ||
| Remittance (Door-to-door): (through courier) | n/a | Not available | |
| Fixed TT Charges when Overseas charges are to be debited to the account of the remitter - charges will be debited to the account the following day | for Euro transfers (BHD 1.500); for GBP transfers (BHD 1.000); for SAR transfers (SAR 20.000); for QAR transfers (QAR 50.000); for USD transfers (USD 25.000 = BHD 9.45) |
||
| Payment Investigation Charges - applicable for TTs rejected for errors |
5.000 | Charge is applicable for each instance that the transfer is resubmitted | |
| Wire Transfer (Swift) | |||
| Branch Banking | Advance* | Additional information | |
| Within Kingdom of Bahrain | 5.000 | BD 3/- if made over the internet | |
| Outside Bahrain – HSBC Group Banks | 7.000 | BD 5/- if done over the internet | |
| Outside Bahrain – non-HSBC Group Banks | 8.000 | BD 6/- if done over the internet | |
| Global Transfers (Me2Me) | n/a | $7.000 | Applicable for transfers made over the internet |
| ATM Cards (Local and International) | |||
| Branch Banking | Advance* | Additional information | |
| Initial | No Charge | ||
| Replacement | 5.000 | ||
| Cash Withdrawal & Balance Inquiry | |||
| In Bahrain | |||
| HSBC Bank ATMs | No Charge | ||
| Other Banks' ATMs (BENEFIT NETWORK) | 0.200 | ||
| In GCC Countries | |||
| HSBC & Non HSBC ATMs | 1.000 | * 0.500 on balance inquires, Applicable exchange rate | |
| Outside Bahrain | |||
| HSBC ATM on GATS Network | 1.000 | Applicable exchange rate | |
| HSBC ATM / Non HSBC ATM on Plus, Cirrus & Visa | 2.000 | Applicable exchange rate | |
| Rejected claims for ATM disputes | 10.000 | ||
Get more from your money by opening a flexible term deposit account.
Ready to apply?
Apply now
