Highlights
Earn up to 1.40% total return
Low monthly savings amount
Tenor - 18 months
Features of the Premium Saver Deposit
Features and Benefits
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With an attractive interest income and bonus at maturity, earn a total return of up to 1.40% at the end of 18 months (T&Cs apply).
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Build up your savings through regular monthly deposits over a period of 18 months
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Choose your monthly deposit amounts starting from AED 5,000 per month.
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Interest accrued on monthly basis and paid upon maturity
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Available in AED (dirhams) only.
View Premium Saver Deposit Terms and Conditions
Services that come with Premium Saver Deposit
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Choose a way of banking that suits you, from Online and Mobile Banking, to SMS Banking. Of course, you are always welcome to visit us in one of our branches. Click here for locations
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Budget and Track tool, a unique personal financial management tool that will help you track your expenses, set your budgets, save money for your life goals, and much more. Try Demo now
Eligibility Criteria
| UAE National or UAE resident | Criteria |
|---|---|
| Minimum age criteria | If you are UAE National or UAE resident and minimum 18 years of age |
Premium saver deposit
Required Documents
- National ID or valid passport, residence visa and Emirates ID.
- Completed deposit application form.
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 moreFrequently Asked Questions
Please find attached table.
Parameters | Premium Saver |
Currency | AED |
Minimum Monthly Amount (AED) | 5,000 |
Tenure | 18 Months |
Return at maturity /End of the Tenure* | 1.4% |
Annualized Yield (if tenure completed)* | 1.025% |
Monthly contribution funding | Standing Order set-up on Savings Account** |
All parameters | As per existing products |
Detailed interest rate | Please refer appendix. |
*Annualized interest is a backward computation of return at maturity over the product tenor. Total returns shown above are including monthly interest and bonus interest as applicable. Bonus interest paid at the maturity, subject to receiving regular monthly deposits.
** Standing Orders set for funding Recurring Deposits are free of charge
You will be required to set up standing order at the time of applying for Premium Saver account.
Bonus amount is accrued every six months; the bonus amount is equal to the total accrued interest during the last six months. The payment of bonus at maturity will be subject to successfully receiving pre-fixed monthly amounts through the linked Standing Order instruction across all 18 months. No bonus will be paid if on any month pre-fixed amount fails to get credited to Premium Saver deposit account or if the deposit is liquidated prior maturity.
Monthly pre-fixed amounts are transferred to the Premium Saver deposit account through a linked Standing Order instruction, which will be set-up on your current/savings account at the time of applying for Premium Saver deposit account.
Please note that if the linked standing order fails to credit monthly pre-fixed amounts to deposit account, re-execution of such failed standing order is not permitted. Hence it is extremely important to ensure that you maintain sufficient balance in your current/savings account where standing order is set-up.
If you are UAE National or UAE resident, at least 18 years of age, with a valid passport, residence visa and Emirates ID, then you can apply.
Sorry, topping up of existing deposit is not permitted. However, you can always open a new Premium Saver deposit.
Premium Saver deposit is available in AED only.
You may get interest if withdrawn after six months.
Premium Saver deposit is available for 18 months monthly contributions.
Minimum monthly deposit amount is AED 5,000.
You can apply through nearest CBD branch.
You can apply through your nearest CBD branch.
The Premium Saver deposit is a monthly recurring deposit that allows you to build up your savings by investing a pre - fixed amount starting from AED 5,000 every month through standing order, for a defined period of 18 months. With Premium Saver you will get attractive interest rate on your monthly deposits. In addition, you will also get a bonus at maturity. Your total returns, if you don't miss your monthly contributions, can reach approximately 2.59% on average balance over 18 months (T&Cs apply).
Warning
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.
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