Smart Deposit Account

Attractive interest rates on long-term deposits

Smart Deposit Account

With Smart Deposit you are in control

Highlights

  • Tenures for 2, 3, 4, 5, 7 and 10 years
  • Available in all leading currencies: AED, USD, GBP and EUR
  • Choose to have interest paid monthly, semi-annually, or on maturity

Discover the Smart Deposit Account features

  • Minimum deposit amount: AED 30,000, USD 10,000 or equivalent in other currencies.

     

     

  • Choose from a range of terms: 2, 3, 4, 5, 7, and 10 years

  • Deposits accepted in AED, USD, GBP, and Euro

     

Fixed Deposit Calculator

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

Fixed Deposit Calculator

Eligilibility

  • Salaried and non-salaried customers
  • Applicable for UAE residents and non-residents
  • You must have an NBAD savings or current account
  • Minors are eligible, but to 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

Applicable for Resident and Non-Resident / Individual and Corporate

A. Local Currency
i Period   Fixed periods of 2, 3, 4, 5, 7 & 10 years
ii Currencies   AED, EURO and USD
iii Minimum investment amount   AED30,000 or USD10,000
iv Interest payment options *(Advance payment will be applicable for AED deposits only)   Monthly, Half yearly, on Maturity
v Minimum period to earn interest
  Interest will be paid only if the deposit is retained for a minimum period of 6 months
vi Premature withdrawal
  The Bank, on request from a depositor, may at its discretion allow premature withdrawal of the deposit. For term deposits that are prematurely in cashed, the interest paid will be 0.5 % lower than the rate prevailing on the date of liquidation for the period for which the deposit remained with the bank or the rate of the period for which the deposit remained with the bank at the date of booking, whichever is lower.
B. Overdraft against Smart Deposit
i Limit
a) Account with Fixed Interest Payment Option
b) Account with Advance Interest Payment Option
  95% of the principle amount
60% of the principle amount
ii Interest on overdraft   1.00% p.a. over the deposit rate
C. Credit Cards against Smart Deposit
i Limit
a) Account with Fixed Interest Payment Option
b) Account with Advance Interest Payment Option
  75% of the principle amount
50% of the principle amount
ii Interest   0.99% p.m.
iii Fees   Free during the deposit tenor

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Ways to Apply

Visit a Branch

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800 22 11

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+971 2 635 8001

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