| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
Samba - Deposits Account
|
Minimum Deposit Required: AED 0 | Annual Return: 0% | Annual Fee: AED 0 | Choice of Terms: - | Features: Multiple Currencies |
Time is on your side when you can enjoy attractive interest rates and complete peace of mind.Enjoy handsome returns from Samba Financial Group's ("Samba") Deposit accounts while your Current or Savings account takes care of your everyday needs.
Samba Regular Time Deposit.
- Make your money work for you. Take advantage of higher interest rates by moving idle cash from your Current or Savings account into a Samba Regular Time Deposit
- You can deposit multiple currencies (AED, SAR, USD, Euro and GBP)
- Attractive interest rates and multiple tenors available
Features & Benefits:
- Complete Security of your funds
- Flexible term deposit tenors to suit your needs such as 1 Week, 1 Month, 3 Months, 6 Months, 12 Months, 3 Years, 4 Years and 5 Years
- Profit Payable at your convenience such as on Monthly, Quarterly, Semi-Annually and Annual or at Maturity basis
- Option to avail Auto-renewal / rollover facility
- Samba Break-Free - Overdraft Facility up to 95% of rupee deposit
Eligibility
Applicants must be 18 years and above.
** 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.
