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Interest rates
Listed below are the current interest rates for our on sale and off sale bank accounts and savings products. All of our accounts, excluding Fixed Term Deposits, are subject to variable rates of interest.
Personal Notice 95 Account [Off Sale] - Dhs Dirhams
| Balance | Gross % p.a. | AER % p.a. |
|---|---|---|
| Dhs250,000+ | 1.55% | 1.55% |
| Dhs100,000+ | 1.35% | 1.35% |
| Dhs50,000+ | 1.15% | 1.15% |
| Dhs1+ | 0.00% | 0.00% |
Rates may vary and are correct as at 31 August 2018
Please note that this product is no longer on sale.
- Interest rates are variable and tiered
- Interest is calculated daily and credited monthly
- No access allowed unless 95 days’ notice of withdrawal provided. No access is permitted before the end of the notice period
- No interest is paid on accounts with balances below Dhs50,000.
The gross rate is the interest rate we pay where no income tax has been deducted.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.