| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
ADCB - Savings and Call Account
|
Minimum Balance: AED 0 | Currencies: AED, USD | Features: Multiple Currencies |
Savings Account Features
- Available for UAE residents and non-residents
- Available in AED and USD currencies
- Interest bearing account, with interest rate of 0.10% p.a. for AED and USD Savings accounts
- Interest is accrued monthly on the minimum balance and is paid half-yearly on minimum monthly balance
- Free e-statements (within the statement cycle)
- Debit card available for AED Savings accounts only
Call Account Features
- Available for both UAE residents and non-residents
- Available in AED, USD and other major currencies
- Interest accrued on the daily balance and is paid monthly
- Free e-statements (within the statement cycle)
** 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.
