| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
Commercial Bank of Dubai - Unit Time Deposit
|
Minimum Deposit Required: AED 20,000 | Annual Return: 0.65% | Annual Fee: AED 300 | Choice of Terms: 6 or 12 months | Features: Multiple Currencies |
A deposit product smartly designed to offer ultimate flexibility and higher returns. It is one deposit divided into units which enables you to choose the amount to withdraw at any time and earn interest on both the withdrawn as well as the remaining amount.
Interest Rates:
- (Rates are fixed from time to time by Head Office)
- Penal Rate on Withdrawal before maturity - 1% p.a
- Note: Penal rate deducted from the rate applicable for the period kept
- Available in two tenors; six months or one year
- High-interest income with the flexibility of withdrawal in unit/s.
- Continue earning agreed interest on the remaining deposit amount.
- Apply for the Unit Time Deposit and never worry about your money being “locked up”
- Cheque Book - Optional
- Initial Deposit - AED 20,000
- Minimum Deposit Amount - AED 20,000
- Minimum Partial premature Withdrawal Amount - AED 5,000 and its multiple thereafter
- Minimum remainder balance after partial premature Withdrawal Amount - AED 10,000
- Monthly Fee - AED 25
- Currency Type - AED, USD, GPB and EURO
- Minimum Salary - AED 5000
- Completed account opening form
- Specimen signature cards
- Copy of passport and visa page, original for validation
