Fixed Deposit Account

A flexible and convenient way to manage and make your savings work harder

Fixed Deposit Account

Deposit funds with attractive rates for set periods of time to suit you

Highlights

  • Flexible tenures from 1 week to 12 months
  • Available in all leading currencies: AED, USD, GBP and EUR
  • Top up a fixed deposit based on a standing instruction from another account

Discover Fixed Deposit Account features

  •   Interest bearing and fixed tenure

  • Denominated in AED as well as most major foreign currencies

  • Fix the deposit term from 1 week to 12 months as per your request

Deposit Calculator

Calculate the interest gained on your deposit, based on the tenure of your account

Deposit Calculator

Eligibility

  • Must have an NBAD current or savings account
  • Applicable for UAE residents and non-residents
  • Salaried and non-salaried customers are eligible
  • Minors are eligible but the account must be opened and operated by their guardian

Subject to bank approval
Terms and conditions apply

Required documents

  • Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)

Note: Additional documents may be required depending on case-by-case basis at the sole discretion of the Bank

Fees and charges

Charge Description
Frequency Value
Account Service
Period   1 week to 1 year
Currencies   In local and all major currencies
Minimum Balance Requirment (Local Currency) Monthly AED 5,000
Minimum Balancce Requirment (Foreign Currency)
Monthly USD 1,500 or equivalent
Initial Minimum Deposit Monthly AED 5.000 or equivalent
Premature withdrawal  

Partial withdrawal is not allowed, but the Bank may at its own discretion allow a premature withdrawal of the Fixed Deposit. The Customer accepts that by doing so, the Fixed Deposit may be subject to a lower interest and premature withdrawal fee. 

Penalty applied will be 50% of the interest rate applicable for the period the fixed deposit has been maintained up to a maximum of 1% + AED 100 (penalty charge may change from time to time).

* FD premature withdrawal fee has been revised with effect from July 09, 2017.

For Example:

If the 'revised interest rate' is 0.8 %, the 'foreclosure penalty rate' applicable will be automatically calculated as 0.4 % and the customer will be given 0.4% + penalty charges (charges may change from time to time)

If the 'revised interest rate' is 2.6 %, the 'foreclosure penalty rate' applicable will be automatically calculated as 1% and the customer will be given 1.6% + penalty charges (charges may change from time to time)

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Ways to Apply

Visit a Branch

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600 56 6223

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+971 2 635 8001

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