Earn up to 1.4% interest rate
Starting from as low as AED 10,000
Available in AED (dirhams) only
Interest accrued on daily basis and credited on liquidation or maturity
Fixed tenor for 720 days
Instant opening through CBD Online Banking for CBD customers
Not a CBD customer yet? Open an account now.
Step-Up Deposit Terms and Conditions
Tenor | Interest rate p.a. % |
---|---|
0 – 180 days | 0.70% |
181 – 270 days | 0.80% |
271 – 360 days | 1.00% |
361 – 450 days | 1.1% |
451 - 540 days | 1.20% |
541 - 630 days | 1.30% |
631 - 720 days | 1.40% |
*Terms and Conditions apply
Step-up Time Deposit | Criteria |
---|---|
Age Limit | If you are UAE National or UAE resident and minimum 18 years of age. |
We kindly request you to carefully read and understand this document if you are applying for a Deposit account from Commercial Bank of Dubai
Learn more Tenor | Interest Rate p.a |
0-180 days | 0.70% |
181-270 days | 0.80% |
271-360 days | 1.00% |
361-450 days | 1.1% |
451-540 days | 1.20% |
541-630 days | 1.30% |
631-720 days | 1.40% |
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% |
To apply for the Step-Up Deposit:
Please contact CBD customer service at 600 575 556 to assist you with your query.
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.
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