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Commercial Bank of Dubai

Unit Time Deposit

  • Unit Time Deposit starts from a minimum amount of AED 100,000.
  • Available in two tenors: six months or one year.
  • High interest income with flexibility of withdrawal in unit/s.
  • Partial withdrawal permitted. Withdrawal amounts must be AED 10,000 and its multiple thereof.
  • Continual interest at the agreed rate on the remaining deposit amount.
  • Apply for the Unit Time Deposit and never worry about your money being “locked up”.

Unit Time Deposit Terms and Conditions

 

Description Requirements
Minimum Deposit Amount AED 100,000
Minimum Partial premature Withdrawal Amount AED 10,000 And its multiple thereafter
Minimum remainder balance after partial premature Withdrawal Amount AED 10,000

Interest Rates
( Rates are fixed from time to time by Head Office – below mentioned rates are indicative and are subject to change)

For Matured Deposits

Tenor Interest Rates% p.a.
6 Months1%
1 Year 2%

 

Interest Rates on premature withdrawn amounts:

 

Deposit Booked for 6 M Tenor Period completed  Unit Time deposit Interest rate % p.a.

Unit Time deposit is not offered for these tenors. Hence the interest rates are provided for computing interest on premature withdrawal / unit withdrawal purpose only.

7 Days

0.00%

1 Month

0.00%

>1 Month up to 2 Months

0.15%

>2 Months up to 4 Months

0.25%

> 4 Months - up to <6 Months

0.30%

 

 

Deposit Booked for 1 Yr. Tenor Period completed Unit Time deposit Interest rate % p.a.

Unit Time deposit is not offered for these tenors. Hence the interest rates are provided for computing interest on premature withdrawal / unit withdrawal purpose only.

7 Days

0.00%

1 Month

0.00%

>1 Month up to 2 Months

0.15%

>2 Months up to 4 Months

0.25%

> 4 Months - up to <6 Months

0.30%

=>6 months up to <1 year

0.80%

  • National ID or valid passport, residence visa and Emirates ID.

  • If you are UAE National, UAE resident or non-UAE resident and minimum 18 years of age; in case you are younger, your gaurdian must be associated as co-applicant.


Within UAE

600 575 556

Outside UAE

+971 600 575 556

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