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CBD Al Islami Step Up Deposit

CBD_Account

CBD

Min. Deposit

10,000 AED

Interest Rate

1.40%

Choice of Terms

0 to 720 days

Features

Internet Banking
Islamic Banking
Mobile Banking
No Salary Transfer
Premature withdrawals
Sharia Compliant

CBD Al Islami Step Up Deposit is a Sharia Compliant deposit account. Deposit starting from AED 10,000, fixed tenor of 720 days. Fixed returns, premature withdrawal allowed. The longer you save, the higher profit you earn.

Apply Now

Benefits

  • This is a Sharia Compliant deposit account
  • Fixed Tenor is available for up to 720 days
  • Instant account opening through online banking
  • Profit rate increases with each Investment Period within the Deposit Tenor
  • Deposit starting from AED 10,000
  • Available in AED only
  • Premature withdrawal allowed

Fees & Charges

NIL

Interest Rates

  • 0 – 180 days = 0.70%
  • 181 – 270 days         = 0.80%
  • 271 – 360 days = 1.00%
  • 361 – 450 days = 1.1%
  • 451 – 540 days = 1.20%
  • 541 – 630 days = 1.30%
  • 631 – 720 days = 1.40%

Documents Required

  • Valid Passport
  • National ID
  • Residence Visa
  • Emirates ID
  • Completed account opening form

Eligibility

  • For UAE National or UAE resident with minimum 18 years of age
  • Minimum deposit of AED 10,000

Addition Information

  • Actual Profit earned paid at the end of deposit tenor
  • Step-Up deposit as lien for availing secured lending
Apply Now

Disclaimer: Information found on saverfox.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before applying for any financial product

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