| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
Commercial Bank of Dubai - Unit Time Deposit
|
Minimum Deposit Required: AED 100,000 | Annual Return: 2% | Annual Fee: AED 0 | Choice of Terms: 6 or 12 months | Features: Phone Banking |
Features
- Unit Time Deposit starts from a minimum amount of AED 100,000.
- Available in two tenors: six months or one year.
- High interest income with flexibility of withdrawal in unit/s.
- Partial withdrawal permitted. Withdrawal amounts must be AED 10,000 and its multiple thereof.
- Continual interest at the agreed rate on the remaining deposit amount.
- Apply for the Unit Time Deposit and never worry about your money being “locked up”.
Eligibility Criteria
If you are UAE National, UAE resident or non-UAE resident and minimum 18 years of age; in case you are younger, your gaurdian must be associated as co-applicant.
Required Documents
National ID or valid passport, residence visa and Emirates ID.
