Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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CBD CBD Premium Saver Deposit Account

CBD Bank

CBD Premium Saver Deposit Account

Interest Rate

1.4%

Min Balance to Maintain

AED 5K

No

CBD
interest rate

1.4%

Interest Rate

min balance

AED 5K

Min Balance to Maintain

No

Currency Account

View details on bank page

Features

  • Earn up to 1.40% total return at maturity
  • Fixed tenure of 18 months
  • Monthly contribution starting from AED 5,000
  • Interest accrued on a monthly basis
  • Bonus interest paid at maturity
  • Available in AED only
  • Structured savings through standing instruction
  • Accessible via online and mobile banking
  • Minimum age criteria is minimum 18 years of age if you are UAE National or UAE resident

Required Documents

  • National ID or valid passport, residence visa and Emirates ID.
  • Completed deposit application form.

Main Benefits

  • Dual benefit of interest + bonus returns
  • Encourages consistent saving discipline
  • Low risk with fixed returns
  • Ideal for salaried individuals planning future goals
  • Easy setup via standing instruction
  • Backed by a reputed UAE bank
  • Monthly Profit Rate Accrued monthly (approx. 1.025% annualized yield)
  • Early withdrawal may impact returns
  • Bonus interest may not be applicable if conditions are not met
  • Standard bank terms apply for premature closure

Frequently Asked Questions

Q. What is the CBD Premium Saver Deposit?

A. It is a structured savings plan that allows customers to deposit a fixed amount monthly and earn interest along with a bonus at maturity.

Q. What is the tenure of this deposit?

A. The deposit comes with a fixed tenure of 18 months.

Q. What is the minimum monthly contribution?

A. The minimum monthly deposit required is AED 5,000.

Q. How is interest calculated?

A. Interest is calculated on the accumulated balance and accrued monthly throughout the tenure.

Q. When is the interest paid?

A. Interest, along with any applicable bonus, is paid at the end of the tenure (maturity).

Q. What is the maximum return I can earn?

A. Customers can earn up to 1.40% total return upon successful completion of the deposit tenure.

Q. Is the return guaranteed?

A. Yes, the return is fixed and predictable, provided all terms and conditions of the deposit are fulfilled.

Q. Can I withdraw money before maturity?

A. Yes, but premature withdrawal may reduce the interest earned and bonus may not be applicable.

Q. Is there any penalty for early closure?

A. There may be a reduction in returns or loss of bonus benefits if the deposit is closed before maturity.

Q. Are there any monthly or annual fees?

A. No, the Premium Saver Deposit does not have monthly or annual maintenance fees.

Q. Do I need to maintain a minimum balance?

A. No traditional minimum balance is required, but you must maintain the monthly deposit commitment.

Q. Who is eligible to open this deposit?

A. UAE nationals and residents who meet the bank’s account requirements can open this deposit.

Q. Is a salary transfer required?

A. No, there is no mandatory salary transfer requirement for this deposit.

Q. Can I manage this deposit online?

A. Yes, the deposit can be monitored and managed through CBD’s online and mobile banking platforms.

Q. Who should choose this product?

A. This deposit is ideal for individuals who want disciplined savings, predictable returns, and a structured financial plan over a fixed period.

CBD

Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:

  • Authenticity
  • Simplicity
  • Partnership
  • Innovation
  • Responsibility
  • Excellence

   Get in touch with CBD Customer Care

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Earn up to AED 1,000 Cashback Monthly*