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Flexi Long Term Deposit

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Benefits:

Warning:
1- If you break the deposit before the original maturity date, you may lose the partial or full applicable profit on the deposit
2- If your deposit is linked with other finance(s) and you do not keep the repayments/payments on time then; the bank shall have the right, at any time and without permission from you, to liquidate any of your deposit account, to recover the finance liability, any installment(s) or any amount due towards the bank


Flexi Long Term Deposit Expected Rates (p.a) - AED & USD
Tenor/ Profit Payment FrequencyMonthlyQuarterlySemi AnnualAnnualAt Maturity
2 Years3.00% 3.25%3.50%3.75%4.00%
3 Years3.10%3.35%3.60%3.85%4.10%

Premature Withdrawal - Profit Payout will be as follows:

      
Premature Withdrawal - Profit Payout will be as follows:
a) Deposit liquidation within 6 months: 0% of the declared profit ( no profit payout)b) Deposit liquidation 6 months and after: 25% of paid and accrued profitc) Any credit facility availed against the deposit will be settled from the original/principal deposit amountd) Claw back/ Recover any advance profits paid will be recovered from the original/principal deposit amount

To apply

Eligibility

  • Applicants should be at least 21 years
  • Minimum deposit amount AED 200,000

Required documents

  • Original passport and Emirates ID Valid UAE residence visa for expats

Terms & Charges

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