| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
NoorBank Term Deposit Account
|
Minimum Deposit Required: AED 10,000 | Annual Return: 1.5% | Annual Fee: AED 0 | Choice of Terms: 1, 3, 6, 9 or 12 months | Features: Islamic Finance, Multiple Currencies, Islamic Banking |
Term Deposits are ideal for both short- and long-term savings, with competitive profits on a minimum deposit of AED 10,000, and financing against your deposit. Noor Bank’s Term Deposits are available to you in AED, EURO, GBP and USD.
Noor Bank Term Deposit Features:
For Residents:
Noor Bank Term Deposit Features:
- short- and long-term savings
- Term: 1 month, 3 months, 6 months, 9 months or 12 months
- Profit earnings: As per Mudaraba pool rates
- Profit payout options: Monthly, quarterly, or at maturity
- Renewal options: Automatically at maturity, or on request
- Other Benefits include finance against you deposit
- Term Deposit 1 month - 0.55%
- Term Deposit 3 months - 1%
- Term Deposit 6 months - 1.3%
- Term Deposit 9 months - 1.3%
- Term Deposit 12 months - All AED 1.50%
For Residents:
- Copy of valid UAE Residence Visa
- Emirates ID
- Copy of National ID card or Copy of Family Book
- Bank reference letter (not older than 30days)
- Account statement of last six months with existing bank
