October 24 2012, Dubai, UAE: United Arab Bank (UAB), the UAE's fastest growing bank, has launched another market leading product, Flexi Deposits. This program will be available to all retail customers who bring in new-to-bank deposits between 29th October and 19th December. The minimum subscription amount is AED 50,000 and customers can enjoy up to 5.25% interest rate – the highest rate available in the market today.
Tom Smith, Executive Vice-President & Group Head of Retail Banking, added: "We are very pleased with the overwhelming response we have got so far to this product. In addition to offering the highest interest rate on any deposit programme over 18 months, there are no penalties for early redemption of funds and to top it all, no hidden fees or linkages to any volatile market instruments."
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