Highlights
Ultimate Flexibility
Earn up to 1.25% on monthly average balances
Choose from a range of tenors
Features of the Unit Time Deposit
Features and Benefits
-
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 units
-
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
Key Product Parameters
| Description | Requirement Deposit Amount (AED) |
|---|---|
| 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 Months | 0.40% |
| 1 Year | 0.55% |
Interest Rates on premature withdrawn amounts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 | 0.10% | |
| >2 Months up to 4 Months | 0.15% | |
| > 4 Months - up to <6 Months | 0.20% |
| 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 | 0.10% | |
| >2 Months up to 4 Months | 0.15% | |
| > 4 Months - up to <6 Months | 0.20% | |
| =>6 months up to <1 year | 0.30% |
Eligibility Criteria
| Unit Time Deposit | Criteria |
|---|---|
| Nationality | 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. |
Unit time deposit
Required Documents
- Completed deposit placing form
- National ID or valid passport, residence visa and Emirates ID
Relevant Links
Key Facts Statement
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 moreImportant 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.
Other ways to connect
Accessibility