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Smart Deposits

Attractive interest rates on long-term deposits


Features

Tenures available for two, three, four, five, seven and ten years

Available in AED, USD, GBP and EUR

Choose to have interest paid monthly, bi-annually or on maturity

Minimum deposit, AED 30,000 or USD 10,000 (or an equivalent amount in any other currency)

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    Applicable for UAE residents and non-residents
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    Salaried and non-salaried
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    Completed Fixed Deposit application form
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    Copy of a valid passport/resident visa/Emirates ID (originals must also be presented)
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Note: Additional documents may be required on a case-by-case basis
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    AED 100 fee for premature withdrawal or early breakage of smart deposit
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    Interest will be paid only if the deposit is retained for a minimum period of 6 months
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    Customer should have an existing account for funding the Smart Deposit. The Smart Deposit will be opened in the same currency of the account and the proceeds will be credited to the same currency account
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    Partial withdrawal is not allowed, but the Bank may at its sole discretion allow a premature withdrawal of the whole of the Smart Deposit. The Customer accepts that by doing so, the Smart Deposit will be subject to the application of a lower interest rate and a premature withdrawal fee. If the interest earned has already been paid to the designated account under the "Monthly Interest Payment" or the "Half Yearly Interest Payment" option, any excess amount paid as interest will be deducted from the principal amount
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    In the case of a Smart Deposit withdrawn in full within 6 months of booking the deposit, a fee of AED 100/- shall be payable by the Customer and the Customer shall not be entitled to any interest
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    In the case of a Smart Deposit withdrawn in full after 6 months of booking the Deposit, a fee of AED 100/- shall be payable by the Customer and the effective premature withdrawal rate will be 50% of the published interest slab rate as on the date of booking the deposit, and not on the contract interest rate of the deposit. The tenure will be calculated basis the number of days the deposit was maintained, i.e., from the booking date to the premature withdrawal date
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Find out more about our Fees & charges - Rates

Terms and conditions apply.

Smart Deposit Rates.

Key Facts Statements.

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For customers within the UAE For customers outside of the UAE
600 52 5500 +971 2 681 1511