Step Up Elite

Deposits designed exclusively for you

Earn up to 0.85% interest p.a. with our exclusive Step Up deposit for CBD Elite clients.

Earn up to 0.85% pa interest rate

Fixed Tenor

Exclusively designed

Highlights

Earn up to 0.85% pa interest rate
Fixed Tenor
Exclusively designed

Deposits designed exclusively for you

Exclusively designed savings products specifically for CBD Elite clients. Simply commit to saving for a year and receive guaranteed rates and returns on your money.

Top features

Attractive Interest Rate

Attractive returns on deposit amounts

For CBD Elite clients only

360 days tenor

Features and benefits

  • Exclusively for our CBD Elite clients only

  • Attractive returns on deposit amounts

  • 360 days tenure

  • Not a CBD customer yet? Click here to open an account now

Interest rates

Minimum Deposit Amount (AED) Deposit Tenure Effective Return* p.a on maturity
Superior Step Up Deposit 100,000 360 Days 0.73%
Exclusive Step Up Deposit 600,000 360 Days 0.85%

*Terms and conditions apply

 Superior Exclusive
Tenure : 360 DaysTenure : 360 Days
0-90 days0.50%0-90 days0.70%
91-180 days0.60%91-180 days0.80%
181-270 days0.80%181-270 days0.90%
271-360 days1.00%271-360 days1.00%

*Terms and Conditions apply

Key Facts Statement

We kindly request you to carefully read and understand this document if you are applying for a Deposit account with Commercial Bank of Dubai.

Learn more

FAQs

What is Step-Up deposit?
Step-Up Deposit is a time deposit that accelerates interest rate with the tenor, so the longer you save, the higher interest you earn.
What is the minimum and maximum amount for Step-Up deposit?
You will need a minimum of AED 10,000 for Step-Up deposit and there is no maximum deposit amount.
What are the tenors offered for Step-Up deposit?
Step-Up deposit has a fixed tenor of 720 days.
Will I get interest from Step-Up deposit in case of pre-matured withdrawal?
You are eligible for interest in case of pre matured withdrawal, however you will earn pre matured withdrawal penal rates as below:

Tenor

Interest Rate p.a

Pre-Matured Withdrawal Penal Rate p.a

0-180 days

0.70%

0.70%

181-270 days

0.80%

0.70%

271-360 days

1.00%

0.80%

361-450 days

1.1%

1.00%

451-540 days

1.20%

1.1%

541-630 days

1.30%

1.20%

631-720 days

1.40%

1.30%


Is a Step-Up Deposit available in other currencies?
Step-Up Deposits are available in AED only.
Can I top-up my existing Step-Up Deposit?
No, you can't top-up an existing Step-Up Deposit, but you can always open a new Step-Up Deposit account.
Can I keep this deposit as a lien for availing secured lending?

Yes, you can keep a Step-Up deposit as a lien for availing secured lending. Lien can be created on a Step-Up Deposit, but please note that the tenor for lien cannot be longer than that of the Step Deposit maturity, since the auto renewal facility for Step-Up Deposit is not available. Please contact our call centre 600 575 556 for exact interest rates applied on secured lending.

What if I am no longer a UAE resident, however I am still holding a Step-Up deposit with CBD?

Please contact CBD customer service at 600 575 556 to assist you with your query.

Important information

In case the customer prematurely liquidates their time deposit, they will not be eligible for any interest pay out. For complete product details and warnings, please refer to the Key Facts Statement document.

Our goal at CBD is to ensure that everyone has access to affordable banking solutions to help improve financial capability, promote savings, and build assets and wealth in the months and years to come.

To ensure you are not charged a monthly service fee on your account, please ensure you maintain a minimum monthly average balance of AED 5,000. This is waived if you transfer your salary to CBD or if you have a loan/finance with the bank.

Download the CBD App and access your financial future from the palm of your hand.

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