Flexible and convenient in terms of amount, tenor and even choice of currency! Furthermore, the interest earned at maturity can either be rolled over or transferred to your NBADdirect account.
See Features and Benefits below.
*Prior to submitting a request to open a fixed deposit account, please ensure that you maintain either a Current or Savings NBADdirect Account, if you are already an account holder then Click here.
Features and Benefits
Time Deposit Account is available in United Arab Emirates Dirham (AED) & other major currencies.
Attractive Interest rates are based on the amount and period of your Deposit, (longer the period higher the interest rate).
Deposit tenure starts from 7 days & up to 1 year.
Minimum Deposit amount is as little as AED 5,000 , $ 3000 Equivalent for other major currencies.
Preferential rates for deposits in excess of AED1million or equivalent in other currencies.
Interest rate remains unaffected for the duration of the deposit, irrespective of market fluctuations.
Customer may withdraw deposits prior to maturity, either in full or in part. Premature withdrawal of fixed deposits penalty applied will be either minimum of "NIL" or maximum of 15% of the interest rate applicable for the period the fixed deposit has been maintained (penalty charge may change from time to time).
Eligibility Criteria and Documents Required
Individuals - United Arab Emirates Residents and Non Residents.
Minor Accounts below 18 to be opened and operated by the account holders legal guardian.