Yes, the full deposit amount booked under the Flexi-Fixed Deposit can be redeemed at any time. 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.
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.
This deposit has a maximum maturity of 3 years. All rates across the time buckets are defined in advance. The rate is selected according to the time of exit.
We offer Flexi-Fixed deposit only in AED.
Yes, commercial accounts can invest up to a maximum of AED 20 million. We have no maximum limit for personal accounts