Date: 02 May 2020
Currency | AED | USD |
Interest Rate Payment | EIBOR 3 Month + 0.5% p.a. | US LIBOR 3 Month + 0.5% p.a. |
Periodicity | Quarterly | Quarterly |
Minimum Guaranteed Rate on 1 year Floater | 1.75% p.a. for 1 year | 1.00% p.a. for 1 year |
Minimum Guaranteed Rate on 2 years Floater | 2.00% p.a. for 2 years | 1.25% p.a. for 2 years |
Minimum Guaranteed Rate on 3 years Floater | 2.25% p.a. for 3 years | 1.50% p.a. for 3 years |
Maximum Rate on all cases | 4.00% p.a. | 3.00% p.a. |
Minimum Deposit on Personal Account | AED 100,000 | USD 50,000 |
Minimum Deposit on Commercial Account | AED 2.5 Million | USD 1 Million |
Tenor | Choice between one year, two years or three years | |
Early Redemption | Possible please refer to the FAQ | |
Overdraft Facility Against Deposit | Possible please refer to the FAQ | |
Validity | This short term offer is valid until 31 May 2020, only for "Funds New To Bank" |