| Minimum Balance Required | Currencies | Features | |
|---|---|---|---|
ADCB - Savings and Call Account
|
Minimum Balance: AED 0 | Currencies: AED, USD | Features: Multiple Currencies |
Savings Account Features
- Available in AED and USD currencies
- Interest rate of 0.2% per annum for AED and 1.0% per annum for USD accounts
- Interest accrued monthly and is paid half-yearly on the monthly minimum balance
- Free E-statements (within the statement cycle)
Call Account Features
- Available in AED and all major currencies.
- Interest rate of up to 0.1% per annum across all accounts
- Interest is accrued on the daily balance and is paid monthly.
- Free E-statements (within the statement cycle)
- Earn TouchPoints on average balance and transaction
- There is a fee of AED 1000 for opening account
- Earn touchpoints on the average balance
- 6 free cash withdrawal and deposit teller transactions a month
- Interest is calculated based on daily closing balance and paid monthly
- 6 free fund transfers in a month
** 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.
