| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
Commercial Bank of Dubai - Step-Up CBD Elite
|
Minimum Deposit Required: AED 100,000 | Annual Return: 2.22% | Annual Fee: AED 0 | Choice of Terms: Maximum of 360 days | Features: Phone Banking |
Exclusively designed savings products specifically for CBD Elite clients. Simply commit to saving for a year and receive guaranteed rates and returns on your money.
- Exclusively for our CBD Elite clients only
- Attractive interest rate accelerating up to 2.22%
- Step-Up deposit is available for 360 days
** 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.
