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.

Asset 30 Account (Issue Three) - Dhs Dirhams

Balance Gross % p.a. AER % p.a.
Dhs5,000+ 0.90% 0.90%

Rates may vary and are correct as at 31 August 2018

Rates apply to Issue Three of this product.

  • The minimum opening deposit is Dhs5,000
  • Interest is calculated daily and credited monthly
  • 30 days’ notice of withdrawal should be provided or there will be a charge equivalent to 30 days interest of the amount withdrawn
  • One ‘without notice' withdrawal free of charge each calendar year of up to Dhs2,500 if the account balance is greater than Dhs5,000
  • No interest is paid on accounts with balances below Dhs5,000.

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.