SIB MaxPlus Deposit Account
Maximum Profit Maximum Flexibility
Profit rate up to 15% (36 months tenure) and 7.875% (18 months tenure)
Finance against your deposit up to 90%
Access fund anytime without breaking the deposit
Benefits:
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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
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To apply
Terms & Charges
- View schedule of Fees and Charges
- View Deposit Account Key Facts
- View Terms & Conditions
- View the UAE Central Bank’s latest EIBOR rates www.centralbank.ae
- For full profit rate details applicable for your Finance, kindly contact the Bank
- View Takaful Insurance Policy
Eligibility
- Applicants should be at least 21 years
- Minimum deposit amount AED 10,000
Required documents
- Original passport and Emirates ID Valid UAE residence visa for expats
MaxPlus Fixed Deposit Product Profit Rates – 18 Months Tenure
| 18 Month Deposit – Expected Profit Rates (p.a.) | |||
|---|---|---|---|
| Month | Expected Profit Rate | Month | Expected Profit Rate |
| 1M | 0.425% | 10M | 6.250% |
| 2M | 1.250% | 11M | 6.750% |
| 3M | 1.500% | 12M | 7.000% |
| 4 M | 2.000% | 13 M | 7.250% |
| 5 M | 2.500% | 14 M | 7.500% |
| 6 M | 3.000% | 15 M | 7.550% |
| 7 M | 4.000% | 16 M | 7.600% |
| 8 M | 5.000% | 17 M | 7.750% |
| 9 M | 6.000% | 18 M | 7.875% |
| Expected Annualized Rate for 18 Months | 5.25% | ||
MaxPlus Fixed Deposit Product Profit Rates – 36 Months Tenure
| 36 Month Deposit – Expected Profit Rates (p.a.) | |||||
|---|---|---|---|---|---|
| Month | Expected Profit Rate | Month | Expected Profit Rate | Month | Expected Profit Rate |
| 1M | 0.300% | 13 M | 3.600% | 25 M | 5.050% |
| 2 M | 0.750% | 14 M | 3.600% | 26 M | 5.000% |
| 3 M | 1.200% | 15 M | 3.600% | 27 M | 5.250% |
| 4 M | 1.500% | 16 M | 3.650% | 28 M | 5.500% |
| 5 M | 2.000% | 17 M | 3.650% | 29 M | 5.500% |
| 6 M | 2.250% | 18 M | 3.700% | 30 M | 6.000% |
| 7 M | 2.500% | 19 M | 3.750% | 31 M | 7.000% |
| 8 M | 2.750% | 20 M | 3.750% | 32 M | 8.000% |
| 9 M | 2.850% | 21 M | 4.000% | 33 M | 9.000% |
| 10 M | 2.990% | 22 M | 4.250% | 34 M | 11.000% |
| 11 M | 3.250% | 23 M | 4.500% | 35 M | 13.000% |
| 12 M | 3.500% | 24 M | 5.000% | 36 M | 15.000% |
| Expected Annualized Rate for 36 Months | 5.00% | ||||
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