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عربى

Enhanced Escalator Characteristics

Date: 01 October 2020

 

Currency AED / USD
Minimum Personal Account AED 25,000 / USD 25,000
Minimum Commercial Account AED 100,000 / USD 500,000
Minimum Tenor One year with freedom to choose maturity between one, two and three years
Interest Rates / Coupon Step - up / semi-annual coupon payments
Early Redemption Possible, with no penalty if cancelled on interest payment date after one year. If cancelled within the first year, a 1% penalty on interest rate is applied. No interest if cancelled within 1 month of placement.
Fixed Interest Rate Pays a fixed coupon (per annum) hat increases with time
Overdraft Facility Against Deposit Available against the deposit under lien
Maturity Price / Redemption Price 100% of the initial deposit
Validity Offer is valid until 31st October 2020

 

Indicative Fixed Rate Series 1

 

Interest Paid EED Interest Rates (per annum)
AED USD
1st semester 1.00% 0.55%
2nd semester 1.25% 0.75%
3rd semester

1.45%

0.90%
4th semester 1.65% 1.00%
5th semester 1.80% 1.10%
6th semester 1.90% 1.30%

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You can reach us using any of the following numbers

UAB Toll Free

800 474

International callers

+971 6 5987332

Sadara Toll Free

800 72 32 72

Sadara international

+971 6 5987333

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