Fixed Deposit Account is the best account to open when you want to earn high interest on your savings. The interest rate per annum is upwards of 4%.

Flexi-Fixed Deposit

UAB Flexi-Fixed Deposit helps you grow your wealth while offering peace of mind and protecting your funds against interest rate fluctuations.

Key Features

  • Attractive interest rates across different tenors of up to 3 years
  • Available in AED and USD
  • Capital is protected at all times
  • No penalty for early termination
  • Interest payments based on transparent, predefined rates


  • Minimum deposit amount of AED 25,000 or USD 10,000 for individuals
  • Minimum hold period of 3 months to earn interest
  • Available for UAE Nationals, expatriates, residents and non-residents
  • Available for both salaried and self-employed individuals
Currency AED or USD
Minimum Deposit Amount Personal Account: AED 25,000 or USD 10,000
Commercial Account: AED 1,000,000 or USD 400,000
Maximum Deposit Amount Personal Account: No Maximum
Commercial Account: AED 20,000,000 or USD 10,000,000
Tenor 1 year, 2 or 3 years tenor
Interest Rates Interest paid at the time of full withdrawal (predefined)
Early Redemption Possible, no penalty on full early termination, interest paid on predefined rates as per below graph
Fixed Interest Rate This deposit offers customers a fixed rate of up to 5% per annum
Overdraft Facility Against Deposit Available against the deposit under lien
Validity For funds “New to Bank” only; rates valid until from 19th January 2024 to 31st January 2024

What is the appropriate rate to use in case of early redemption?

Please follow the table. Match the number of months at the bottom of the graph with the number of months you remained in the deposit. Look up the interest rate corresponding with the number of months. This rate will be used to calculate your total interest for the full tenor of the deposit, from beginning until maturity (or until time of withdrawal as decided by the client).


If you complete 6 months and request to exit the Flexi-Fixed, the corresponding rate is 3.90% per annum. Your deposit will be accrued at 3.90% for 6 months. If you complete 18 months (one and a half year), the corresponding rate will Be 4.20% per annum. Your deposit will be accrued at 4.20% for 18 months. If you complete the full 3 years (36 months), your deposit will be accrued at the rate of 4.00% per annum for the full 3 years.

How is the interest calculated in case of early termination?

This deposit has a maximum maturity of 3 years. All rates across the time buckets are defined in advance. The rate is selected according to the time of exit.

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February 3, 2024

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