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Browse our FAQ's and get an answer right away
Can I cancel the deposit at any time?

Yes, the full deposit amount booked under the Flexi-Fixed Deposit can be redeemed at anytime. Redemption of the deposit before maturity is subject to a notice period of at least two (2) UAE business days in writing. Zero interest is paid if the deposit is cancelled during the first three months. After 3 months, the applicable interest rate is applied as per the graph. Only the full amount can be redeemed

When will I receive the interest?

The full interest amount will be paid at the end of the deposit, at maturity, and in one payment. If the deposit is cancelled before maturity, the full interest amount will be paid at the time of cancellation

What is the appropriate rate to use in case of early redemption?

Please follow the table. Match the number of months at the bottom of the graph with the number of months you remained in the deposit. Look up the interest rate corresponding with the number of months. This rate will be used to calculate your total interest for the full tenor of the deposit, from the beginning until maturity (or until time of withdrawal as decided by client).

Example:

If you complete 3 months and request to exit the Flexi-Fixed, the corresponding rate is 2.00% per annum. Your deposit will be accrued at 2.00% for 3 months.

If you complete 18 months (one and a half year), the corresponding rate will be 2.70%. Your deposit will be accrued at 2.70% for 18 months.

If you complete the full 3 years (36 months), your deposit will be accrued at the highest rate of 3.10% for the full 3 years.

How does the Interest compute in case of early termination?

This deposit has a maximum maturity of 3 years, offering transparency and flexibility. All rates across the time buckets are defined in advance. The rate is selected according to the time of exit.

Example: a customer decides to place AED 1,000,000 for a 3 year deposit at 3.10% p.a., at the end of 3 years the customer may receive AED 1,093,000. If the customer needs the full amount after 1 year, the 1 year rate will apply (no penalty will be charged) and the customer may receive AED 1,025,000 for 1 year (2.50% p.a.) .

Is it possible to have this product in other currencies?

We offer Flexi-Fixed deposit only in AED.

Is there a maximum deposit amount for the Flexi-Fixed Deposit?

Yes, commercial accounts can invest up to a maximum of AED 20 million. We have no maximum limit for personal accounts.

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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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