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عربى

Enhanced Escalator Characteristics

Date: 1 January 2019

 

Currency AED / USD
Minimum Personal Account AED 100,000 / USD 25,000
Minimum Commercial Account AED 2 Million / USD 500,000
Minimum Tenor One year with freedom to choose maturity between one, two and three years
Interest Rates / Coupon Step - up / semi-annual coupon payments
Early Redemption Possible, with no penalty if cancelled on interest payment date after one year. If cancelled within the first year, a 1% penalty on interest rate is applied
Fixed Interest Rate EED offers customers competitive rates and pays a fixed coupon (per annum) that increases with time
Overdraft Facility Against Deposit Available against the deposit under lien
Maturity Price / Redemption Price 100% of the initial deposit
Validity Offer is valid until 31st January 2019

 

Indicative Fixed Rate Series 1

 

Interest Paid EED Interest Rates (per annum)
AED USD
1st semester 2.85% 2.50%
2nd semester 3.10% 2.75%
3rd semester 3.35% 3.00%
4th semester 3.75% 3.25%
5th semester 4.00% 3.50%
6th semester 4.50% 4.00%

TALK TO US TODAY

You can reach us using any of the following numbers

UAB Toll Free

800 474

International callers

+971 6 5987332

Sadara Toll Free

800 72 32 72

Sadara international

+971 6 5987333

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