ADCB Upfront Interest Deposit

• Upfront interest credit on day 1 upon booking the deposit
• Fulfil child’s education, mortgage repayments or any other savings goal
• Wide range of deposit tenors, starting from 3, 6, 9, 12, 18, 24, 30 and 36 months
• Account available in UAE Dirhams
• Partial withdrawal of the deposit amount is not allowed
• No interest shall be paid if pre-maturely closed before 6 months of booking Upfront Interest Deposit
• If pre-maturely closed at 6 months or beyond Interest payment on premature withdrawal is 1% p.a. less than the interest rate applicable for the actual tenor

NIL

• 3 months = 0.02%
• 6 months = 0.03%
• 9 months = 0.04%
• 12 months = 0.10%
• 18 months = 0.18%
• 24 months = 0.20%
• 30 months = 0.23%
• 36 months = 0.25%

For UAE Nationals:

• A copy of the passport
• Emirates identity card
• Resident visa
• Salary certificate of the applicant

For residents of UAE:

• Copy of visa
• Emirates identity card
• Copy of the passport
• Salary certificate issued by the employer

For Non-residents of UAE:

• Copy of passport
• Copy of valid visit visa
• Applicant’s three-month bank statement with the existing bank
• Introduction letter from an existing ADCB customer
• Utility Bill (Not more than 3 months old)

• For UAE nationals, residents and non-resident customers
• To open an Upfront Interest Deposit, you should first have an ADCB Current, Savings or Call Account

• Minimum deposit amount is AED 25,000
• Apply through SMS or visit the closest branch to open fixed deposit
• Interest is credited upfront into customer’s Current / Savings Account linked to Upfront Interest Deposit
• Principal and interest earned are guaranteed if maintained until maturity