We made everything easy for you with the Fixed Deposit Account, which offers you flexible tenures and competitive interest rates.
Interest payment on premature withdrawal of fixed deposits will be charged at 1% p.a. less than the interest rate that is applicable for the actual tenor and will be payable for the actual number of days the fixed deposit was maintained, unless provided otherwise in any applicable supplemental terms and conditions of a specific fixed deposit product.
Key Features and Benefits
- Open to UAE nationals, expatriates and non-residents
- Available in UAE Dirhams, US Dollars, British Pounds and other currencies
- Minimum deposit of AED 5,000 or its equivalent in respective currencies
- Flexible tenures in months: 1, 2, 3, 6, 9, 12, 13 and days: 50, 75, 100, 150, 200, 375, 400, 500
- Enjoy an attractive interest rate on ADCB Online Century Deposits
- Overdraft facility of up to 90% of fixed deposit to meet any immediate needs
- Simple documentation
Interest Rates
- ADCB Online Century Deposits
- Onshore IB Century Fixed Deposits
- Advantage Fixed Deposits
How is interest calculated?
Conventional Fixed Term Deposits
For all Fixed Term Deposit products, interest is calculated based on annual simple interest. Irrespective of the term of the Fixed Term Deposit, the interest rates are not compounded during the term of the Fixed Term Deposit.
The interest calculation method for the Fixed Term Deposit products booked/renewed on or after 12th March,2019 until 27th August, 2020:
The interest calculation method for the Fixed Term Deposit products booked/renewed before 12th March 2019 and on or after 27th August,2020
Early withdrawal of a Fixed Term Deposit:
In case of early withdrawal of a Fixed Term Deposit, the method explained above for interest calculation will apply.
The calculation processes provided above are for your information only and may change from time. Your Fixed Term Deposit and any calculation of interest on your Fixed Term Deposit is subject to ADCB Consumer Banking Terms and Conditions available on ADCB Website adcb.com.
Eligibility criteria
- Available to UAE nationals, residents and non-residents
- Available to all ADCB customers with an active Current or Savings account in AED, USD, GBP and other major currencies
- Minimum deposit of AED 5,000 or its equivalent in respective currencies
TouchPoints
TouchPoints will be awarded if your deposit amount is AED 100,000 or more. The number of TouchPoints earned will vary according to the tenure of the deposit:
| Tenure (TouchPoints Paid on maturity) | TouchPoints for every AED 10,000* |
|---|---|
| 1 month | 10 |
| 2 months | 20 |
| 3 months | 40 |
| 6 months | 100 |
| 12 months and above | 300 |
* TouchPoints are not awarded for Advantage Fixed Deposit.
Terms and Conditions apply. For further details, please click here.