Step-Up Time Deposit Top Features Earn up to 1.4% interest rate Attractive interest rate accelerating up to 1.4% Fixed Tenor Step-Up deposit is available for 720 days Instant Account Opening Instantly open the account through online banking. Low Minimum Deposit Deposit starting from AED 10,000 Features and Benefits Earn up to 1.4% interest rateStarting from as low as AED 10,000Available in AED (dirhams) onlyInterest accrued on daily basis and credited on liquidation or maturityFixed tenor for 720 daysInstant opening through CBD Online Banking for CBD customersNot a CBD customer yet, click here to open an Account Now Step-Up Deposit Terms and Conditions 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 DubaiLearn More Interest Rates TenorInterest rate p.a. % 0 – 180 days 0.70% 181 – 270 days 0.80% 271 – 360 days 1.00% 361 – 450 days 1.1%451 - 540 days1.20% 541 - 630 days1.30%631 - 720 days 1.40% *Terms and Conditions apply Eligibility Criteria If you are UAE National or UAE resident and minimum 18 years of age. Documents RequiredCompleted deposit application form.National ID or valid passport, residence visa and Emirates ID. FAQs What is Step-Up Deposit? Step-Up Deposit is a time deposit that accelerates interest rate with the tenor, so the longer you save, the higher interest you earn. What is the minimum and maximum amount for Step-Up deposit? You will need a minimum of AED 10,000 for Step-Up deposit and there is no maximum deposit amount. What are the tenors offered for Step-Up deposit? Step-Up deposit has a fixed tenor of 720 days. What are the interest rates on Step-Up deposit? You can earn up to 1.4%. The longer you save, the higher interest you earn: Tenor Interest Rate p.a 0-180 days 0.70% 181-270 days 0.80% 271-360 days 1.00% 361-450 days 1.1% 451-540 days 1.20% 541-630 days 1.30% 631-720 days 1.40% Will I get interest from Step-Up deposit in case of pre-matured withdrawal? You are eligible for interest in case of pre matured withdrawal, however you will earn pre matured withdrawal penal rates as below: Tenor Interest Rate p.a Pre-Matured Withdrawal Penal Rate p.a 0-180 days 0.70% 0.70% 181-270 days0.80% 0.70% 271-360 days 1.00% 0.80% 361-450 days 1.1% 1.00% 451-540 days 1.20% 1.1% 541-630 days 1.30% 1.20% 631-720 days 1.40% 1.30% Is Step-Up deposit available in other currencies? Step-Up Deposit is available in AED only. Can I top-up my existing Step-Up deposit? No, you can't top-up existing Step-Up deposit, but you can always open a new Step-Up deposit account. Who is eligible to open Step-Up deposit? To apply for Step-Up deposit:You should be UAE national or UAE resident.You should be at least 18 years old.You will also need valid passport, residence visa and Emirates ID. Can I keep this deposit as lien for availing secured lending? Yes, you can keep Step-Up deposit as lien for availing secured lending. Lien can be created on Step UP Deposit. However the tenor for lien cannot be longer than that of Step Deposit maturity, since the auto renewal facility for Step-Up Deposit is not available. Please contact our call center 600 575 556 for exact interest rate applied on secured lending. What if I am no longer a UAE resident, however I am still holding a Step-Up deposit with CBD? Please contact CBD customer service at 600 575 556 to assist you with your query. 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. Apply online now No need to visit a branch. Login to CBD Online Banking. Apply Now Not yet a CBD Customer? Open an AccountOpen an Account Visit us You are more than welcome to visit us. Find out your nearest branch. Select branch Jebal Ali BranchRas Al Khaimah BranchOld Baniyas Branch ATMSheikh Zayed BranchAl Qusais BranchAjman Branch Al Ain Mall ATMMain BranchFujairah BranchSharjah BranchZayed The First, Abu Dhabi Branch SMS STEPUP to 4266 Call us Within UAE: 600 575 556 Outside UAE: +971 600 575 556 Related Products Esaver Account Saving never got easier Open your account instantly and gain high returns with maximum flexibility. Learn more Deposits Earn safe returns Would you like to earn attractive returns on funds that are parked in the bank? Learn more Other links Budget and Track Online Banking Mobile Banking SMS Banking Phone Banking For your convenience and enhanced experience, the CBD Mobile App is available for download via your app store. You can start using the app by using your online banking user ID and password. Download the Mobile App Now Proceed to Online Banking