FAB Smart Deposits

FAB Bank

FAB

Min. Deposit

30,000 AED

Interest Rate

0%

Choice of Terms

2 to 10 years

Features

Conventional Banking

Internet Banking

Mobile Banking

Multiple Currencies

No Salary Transfer

Premature withdrawals

First Abu Dhabi Bank Smart Deposits is a Flexible Deposit Account. Attractive interest rates, interest paid monthly, bi-annually or at maturity. Deposit tenures available for two to ten years.

Benefits

Interest paid monthly, bi-annually or at maturity
Tenures available for 2, 3, 4, 5, 7 and 10 years
Available in AED, USD, GBP and EUR
Minimum deposit, AED 30,000 or USD 10,000 (or an equivalent amount in any other currency)
Minors are eligible
Premature Closure Charges applicable

Fees & Charges

Premature Closure Charges= AED 100 fee for premature withdrawal of fixed deposit

Interest Rates

Avail attractive interest rates on long-term deposits for First Abu Dhabi Bank Smart Deposits

Documents Required

Copy of a valid passport/resident visa/Emirates ID (originals must also be presented)
Duly filled Fixed Deposit application form
Additional documents may be required on a case-by-case basis

Eligibility

Applicable for UAE residents and non-residents
Account available for salaried and non-salaried individuals
Minors are eligible to open account

Addition Information

Interest will be paid only if the deposit is retained for a minimum period of 6 months
Customer should have an existing account for funding the Smart Deposit
Partial withdrawal is not allowed, bank however at its sole discretion may allow a premature withdrawal