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Minimum Balance: MTD Average Balance AED 3,000 (equivalent other currency)
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Available Currencies: AED & USD (GBP and EURO subject to bank approval).
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Flexible Terms: 1 month to 12 months.
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The interest rate remains the same throughout your term.
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Interest calculated at Daily basis and paid at maturity of Term Deposit.
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Automatic Rollover option is available (Principal plus Interest or Principal only)
Premature Withdrawal Charge:
Premature withdrawals will incur the following charges: If withdrawn within the first 7 days, no interest will be paid and only the principal amount will be returned. For withdrawals after 7 days, interest will be paid up to the date of breakage, subject to applicable deductions:
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1.5% will be subtracted from the historical booking rate to the extent of the earned interest.
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If this results in the interest rate being lower than 0, only Deposit Amount will be paid.
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For Key Fact Statement of Term Deposit Account–
Click Here
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For Schedule of Charges –
Click Here
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For Declared Indicative Interest Rate Sheet –
Click Here
Please refer to the current Schedule of Charges (SOC) for a complete list of applicable fees, service charges, and minimum balance requirement associated with the account. Any changes to the Schedule of Charges (SOC) will be communicated to customers with at least 60 days’ prior notice
To open your UBL Current Account: