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Second Quarter Profit Rates 2020

Declared Profit Rates* for the Second Quarter ending 30th June 2020 are as follows:

 

AED USD
Amount Slabs Advantage Profit Rate Amount Slabs Advantage Profit Rate
50,000 - 99,999 0.25% 500,000 - 999,999 0.25%
100,000 - 249,999 0.50% 1 Mio and above 0.50%
250,000 and above 0.75%    

 

AED USD
Slabs Proposed Rates Slabs Proposed Rates
1 Mio up to 4.99 Mio 0.10% 500,000 to 4.99 Mio 0.10%
5 Mio up to 14,999,999 0.15% 5 Mio to 9,999,999 0.15%
15 Mio up to 25 Mio 0.25% 10 Mil and above* 0.25%
25 Mio and above* 0.25%    

*Weighted Average Balance Calculation Method

 

Currencies Profit Rate
AED 0.25%
USD 0.25%
EUR No Profit Paid
GBP 0.25%

 

Currencies Profit Rate
AED 0.25%
Currencies Profit Rate
AED 0.00%
 

 

Currencies Profit Rate
AED 0.10%
USD 0.10%
EUR No Profit Paid
GBP No Profit Paid

 

  1 month 3 months 6 months 12 months
25k up to < 100k 0.25% 0.50% 0.75% 1.00%
100k up to < 500k 0.25% 0.50% 0.75% 1.00%
500k up to < 1 Mio 0.25% 0.50% 0.75% 1.00%
1 Mio up to < 5 Mio 0.25% 0.50% 1.00% 1.25%
5 Mio up to < 20 Mio 0.25% 0.75% 1.25% 1.50%
20 Mio and above 0.25% 0.75% 1.25% 1.50%

 

  1 month 3 months   6 months 12 months
100k up to < 500k 0.25% 0.25% 0.50% 0.75%
500k up to < 1 Mio 0.25% 0.25% 0.50% 0.75%
1 Mio up to < 5 Mio 0.25% 0.50% 0.75% 1.00%
5 Mio up to < 20 Mio 0.25% 0.50% 0.75% 1.00%
20 Mio and above 0.25% 0.50% 0.75%  1.00%

  

*The above rates should not be taken as any prediction, projection or forecast as to the future or likely performance of the accounts.

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