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Promotions


Grow your savings with an interest rate up to 3% p.a. over 12 months on your Fixed Deposit Plus. It doesn’t stop here, you can also avail preferential pricing on Overdraft facilities, Letter of Credit & Letter of guarantees against your fixed deposit during the Promotion period from 1st October 2022 – 31st December 2022.

Fixed Deposit Plus:

Place a new deposit of AED 500,000 or USD 200,000 and above for a tenor >12months and earn interest upto 3% per annum.

Overdraft Facilities:

Enjoy lower interest rates  on your overdraft facility against your fixed deposit with a cost of only 1% per annum above your fixed deposit rate.

Letter of Credit:

Enjoy preferential pricing on commission upto 0.15%  for issuance of letter of credit instead of 0.20% per month.

Letter of Guarantee:

Enjoy preferential pricing on commission for issuance of letter of guarantee for only 1% instead of 1.25%.
 

How to Apply through Digital Banking?

Log on to your Digital Banking > Go to Discover & Apply Tab > Accounts > Click on Fixed Deposit Plus > Click on Apply Now.

You can also avail the offer by visiting any of our branches. 

For more information you can get in touch with your RM/VRM.

Click here for FAQs.

Click here for the Terms and Conditions.

Maintain an average balance of 500,000 or more in any of our Business Accounts and start earning interest.

What’s more? Earn up to 1.00% bonus interest over and above your existing interest rate during the promotion period from 1st August 2022 to 31st December 2022.

How to enjoy bonus interest? 

  • Maintain an incremental average balance against the previous month that corresponds to the tier reflecting below.
Bonus Interest Rate for AED
From (AED) To (AED) Interest Rate
500,000 4,999,999 0.25%
5,000,000 14,999,999 0.50%
15,000,000 And above 1.00%

 

Bonus Interest Rate for USD
From (USD) To (USD) Interest Rate
500,000 4,999,999 0.25%
5,000,000 9,999,999 0.50%
10,000,000 And above 1.00%
  • Accrued interest more than or equal to AED 10/- (for AED accounts) or $10/- (for USD accounts) to be eligible for the promotion

Click here to open a Business Account now

Click here for Terms & Conditions

Click here for Islamic Terms & Conditions

Click here for Frequently Asked Questions

Click here for Islamic Frequently Asked Questions

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