| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
Commercial Bank International - Savings Account
|
Minimum Balance Required: AED 1,000 | Annual Return: 0% | Features: Multiple Currencies |
- 0.15% interest paid semi-annually
- Free international debit card
- Available in major currencies including AED, USD, EUR & GBP
- Access and manage your money anytime with free banking by ATM, online and by phone
- Free monthly account statements
- Minimum balance of AED 3,000 or equivalent to be maintained
- Enjoy attractive remittance rates
- Manage your money easily online or by phone.
Supporting documents:
- The original passport (should be valid for at least 1 month)
- Valid visa for expatriates
- Valid Emirates ID
- Proof of address (Bank Statement, Utility Bills, Employer Letter, Tenancy Contract)
- For non-residents: a reference letter from your current bank
- Minimum deposit to open the account: AED 3,000 or equivalent.
** 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.
