ADCB (Abu Dhabi Commercial Bank) understands the importance of finding the right investment option that offers both flexibility and high earnings. That is why ADCB have designed their Fixed Deposit Account to cater to the financial needs of their customers. The ADCB Fixed Deposit Account provides flexible tenures and competitive interest rates, making it an attractive choice for individuals looking to grow their savings. In this article, we will explore the details of ADCB Fixed Deposit Rates, including the different types, benefits, eligibility criteria, ADCB Fixed Deposit Rates 2023 and more.
Types of ADCB Fixed Deposit Rates
ADCB offers various types of fixed deposit accounts, each tailored to meet specific needs. Let’s take a closer look at the three main types:
1. ADCB Online Century Deposits
- Tenures available: 50 days, 75 days, 100 days, 150 days, 200 days, 375 days, 400 days, 500 days.
- Interest rates (per annum): Ranging from 3.10% to 4.20% for AED deposits and 3.35% to 4.20% for USD deposits.
2. Onshore IB Century Fixed Deposits
- Tenures available: 50 days, 75 days, 100 days, 150 days, 200 days, 375 days, 400 days, 500 days, 730 days.
- Interest rates (per annum): Ranging from 3.00% to 4.10% for AED deposits and 3.25% to 3.60% for USD deposits.
3. Advantage Fixed Deposits
- Tenure: 13 months.
- Interest rate (per annum): 4.10% for AED deposits.
Benefits of ADCB Fixed Deposit Rates
- Absolute Flexibility: ADCB Fixed Deposit Accounts offer flexible tenures, allowing you to choose the duration that aligns with your financial goals. The available tenures range from as short as one month to as long as 730 days, providing you with ample options to suit your preferences.
- High Earnings: With attractive interest rates of up to 4.20% per annum, you can maximize your earnings on your fixed deposits. The higher the interest rate, the more your money can grow over time, helping you achieve your financial objectives faster.
- Overdraft Facility: ADCB understands that emergencies and urgent demands may arise unexpectedly. To address such situations, ADCB offers an overdraft facility of up to 90% of your fixed deposit amount. This feature allows you to access funds immediately without the need to break your fixed deposit prematurely.
- Simple Documentation: Opening an ADCB Fixed Deposit Account is a hassle-free process. The documentation requirements are minimal, making it convenient for customers to initiate and maintain their accounts.
Eligibility Criteria
ADCB Fixed Deposit Accounts are available to a wide range of individuals, including:
- UAE nationals, residents, and non-residents
- ADCB customers with an active Current or Savings account in AED, USD, GBP, and other major currencies
- To open a fixed deposit account, you need to fulfill the minimum deposit requirement of AED 5,000 or its equivalent in the respective currencies.
Customer Care
If you have any questions or require assistance regarding ADCB fixed deposit accounts, you can reach out to ADCB’s dedicated customer care team. They are available through multiple channels, including:
- Phone: Contact ADCB’s 24/7 customer care hotline at +971 2 6210090 for immediate assistance.
- Email: Send your queries to [email protected], and their customer care representatives will respond to your inquiries promptly.
ADCB Fixed Deposit Rates provide customers with the perfect combination of flexibility and high earnings. With a variety of deposit options, competitive interest rates, and additional benefits such as the overdraft facility, ADCB ensures that customers can optimize their savings while enjoying convenience and peace of mind. Whether you are a UAE national, resident, or non-resident, ADCB welcomes you to explore their fixed deposit options and start growing your savings today.
FAQ
The minimum deposit requirement is AED 5,000 or its equivalent in the respective currencies.
Yes, fixed deposit accounts are open to UAE nationals, residents, and non-residents.
ADCB offers fixed deposit accounts in UAE Dirhams, US Dollars, British Pounds, and other major currencies.
The interest rates offered on fixed deposit accounts are subject to change. It’s important to refer to the latest rates provided by ADCB.
Yes, premature withdrawals are possible; however, an interest payment will be charged at 1% per annum less than the applicable interest rate for the actual tenor. The payment will be calculated for the actual number of days the fixed deposit was maintained.
Yes, ADCB offers an overdraft facility of up to 90% of the fixed deposit amount, allowing you to access funds quickly for immediate needs.
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