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.

0 People rated this page

FAB%20collection

CBD Step-Up Elite Deposit Account

CBD Bank

Step-Up Elite Deposit Account

Interest Rate

0.73%

Min Balance to Maintain

AED 100K

Yes

CBD
interest rate

0.73%

Interest Rate

min balance

AED 100K

Min Balance to Maintain

Yes

Currency Account

View details on bank page

Features

  • The Elite Standard of Growth.
  • Secure 0.85% p.a. on a fixed 360-day tenor.
  • Designed exclusively for CBD Elite clients.
  • Exclusively designed for CBD Elite clients
  • Step-up interest structure (increasing rates over time)
  • The deposit has a fixed tenure of 360 days.
  • Guaranteed returns on maturity
  • Available in AED only
  • Interest accrues progressively across tenure slabs
  • High minimum deposit options for premium customers

Required Documents

  • Completed deposit placement form
  • Emirates ID
  • Passport with valid UAE residence visa

Main Benefits

  • Ensure the 0.85% p.a. is the largest text element or highlighted in a contrasting color.
  • Use "Elite" imagery—think minimalist textures (brushed gold, deep navy, or slate) rather than generic "happy people" photos.
  • Since it's a "Step Up" deposit, ensure the "Fixed Tenor" aspect is visible so clients understand their liquidity commitment.
  • Superior Step-Up- Minimum deposit of AED 100,000, tenure of 360 days, with an effective return of 0.73% per annum
  • Exclusive Step-Up-Minimum deposit of AED 600,000, tenure of 360 days, with an effective return of 0.85% per annum
  • Higher returns as tenure progresses & Safe and stable investment option
  • Ideal for surplus fund management & Predictable income with fixed structure
  • Premature withdrawal will result in a lower interest rate
  • No exposure to market volatility & Tailored for high-net-worth clients
  • Encourages disciplined long-term savings

Frequently Asked Questions

Q. What is a Step-Up Elite Deposit?

A. It is a fixed-term deposit where the interest rate increases over the tenure, offering higher returns the longer funds remain invested.

Q. Who is eligible to open this deposit?

A. This product is available exclusively to CBD Elite Banking customers.

Q. What is the tenure of the deposit?

A. The deposit comes with a fixed tenure of 360 days.

Q. What is the minimum deposit required?

A. The minimum deposit starts from AED 100,000 depending on the selected plan.

Q. How is interest calculated?

A. Interest is calculated progressively based on predefined slabs and accrues over the tenure.

Q. When is the interest paid?

A. Interest is typically credited at maturity of the deposit.

Q. Can I withdraw my deposit before maturity?

A. Yes, premature withdrawal is allowed but subject to reduced or penal interest rates.

Q. Is the principal amount safe?

A. Yes, the deposit offers capital protection with guaranteed returns.

Q. Are there any monthly or annual fees?

A. No, there are no maintenance, monthly, or annual fees.

Q. Is there any risk involved?

A. The product carries minimal risk as returns are fixed and not linked to market fluctuations.

Q. Can I open multiple Step-Up Elite deposits?

A. Yes, customers can open multiple deposits subject to eligibility and bank approval.

Q. Is the deposit available in multiple currencies?

A. The Step-Up Elite Deposit is primarily available in AED.

Q. Can non-residents open this deposit?

A. Eligibility is generally limited to UAE residents with Elite Banking status.

Q. Does the interest rate change after booking?

A. No, the interest structure is fixed at the time of booking and remains unchanged throughout the tenure.

Q. Who should choose this deposit?

A. It is ideal for high-net-worth individuals seeking stable, predictable returns with a structured increase in interest over time.

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

×

Earn up to AED 1,000 Cashback Monthly*