Earn 6.5% interest with the Twin-win packages of investment and Term Deposit or a Bancassurance and Term Deposit.
Refer to the below table for each Twin-win package detail:
|Minimum Investment / Bancassurance Requirement
|Term Deposit multiplier package ratio
|Investment and Term Deposit
|Bancassurance – Single premium and Term Deposit
|Bancassurance – Regular premium and Term Deposit
Promotion period: 1 August until 30 November 2023
To know more, please reach out to your Relationship Manager
Terms and conditions:
- The promotion will be valid for new to bank and existing customers for existing and new funds.
- Offer is valid for Term Deposit in AED currency.
- Minimum ticket size: Minimum investment amount equivalent to AED 250,000, minimum Bancassurance “single premium” amount AED 100,000 and Bancassurance “annual regular premium” amount AED 100,000.
- For investment/Term Deposit Twin-win Package: The Term Deposit value cannot exceed the investment value.
- For Bancassurance “single premium”/Term Deposit Twin-win Package: 1/3 minimum of the fund is to be placed in Bancassurance “single premium” product and 2/3 maximum of the fund is to be placed in the Term Deposit.
- For Bancassurance “Regular premium”/Term Deposit Twin-win package: 1/6 minimum of the fund is to be placed in Bancassurance “Regular premium” product and 5/6 maximum of the fund is to be placed in the Term Deposit.
- Term Deposit interest payment to be credited at maturity.
- Term Deposit auto-renewal is not allowed.
- Term Deposit must be booked within one month of the Investment/Bancassurance product booking date. In addition both package products must be booked within the promotion period.
- In case the customer cancels the Bancassurance policy within the cooling period and receives the full policy value, the customer will receive rack rate/basic interest rate for the Term Deposit.
- Any Investment transaction that is made via the CBD Investr App will not be eligible for inclusion in the Twin-win promotion.
- Investment deals must be sold at the regular commission rate and without any discounts.
- For Islamic customers, the Wakala deposit will be included in the Twin-win promotion, while Mudarba investment deposit will be excluded.
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.
Investment products are subject to risks, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investment products are not bank deposits and are not guaranteed by Commercial Bank of Dubai. For complete product details and warnings, please refer to the Key Facts Statement document.