Fixed Deposits

Features

Flexible tenures from one week to 12 months
Attractive interest rates
Minimum deposit, AED 5000 or USD 1500 (or an equivalent amount in any other currency)
Available in all major currencies
Joint ownership allowed

Applicant must hold a current, saving or call account with FAB
Applicable for UAE residents and non-residents
Salaried and non-salaried
Minors are eligible, but deposit account must be opened and operated on the instruction of the minor’s father or court appointed guardian

Completed Fixed Deposit application form
Copy of a valid passport/resident visa/Emirates ID (originals must also be presented)

Note: Additional documents may be required on a case-by-case basis

Customer should have an existing account for funding the Fixed Deposit. The Fixed Deposit will be opened in the same currency of the account and the proceeds will be credited to the same currency account
Partial withdrawal is not allowed, but the Bank may, in its sole discretion, allow a premature withdrawal of the whole of the Fixed Deposit. The Customer accepts that by doing so, the Fixed Deposit may be subject to a lower interest and premature withdrawal fee
In the case of a Fixed Deposit withdrawn in full within 7 days of making the Deposit, a fee of AED 100/- shall be payable by the Customer and the Customer shall not be entitled to any interest
In the case of a Fixed Deposit withdrawn in full after 7 days of making the Deposit, a fee of AED 100/- shall be payable by the Customer and the Customer shall be entitled to 50% of the interest rate, for the period that the deposit has been maintained

Enter your details and we will call you back within
24 hours to proceed with your application.

First Name

Last Name

Company Name

Phone Number

Salary per month

I have read and accept the Terms and Conditions.

Captcha not validated