Existing ADCB account
You need an active ADCB Current or Savings Account to link the deposit to.
ADCB Advantage Fixed Deposit
ADCB Advantage Fixed Deposit takes AED 50,000 or more for 1 to 13 months at 2.25% to 2.75% a year. It is booked online and pays interest at maturity.
An existing account with ADCB is required, such as ADCB Current Account.
At a glance
Account access
No debit card included.
Open in the app.
An existing account with the bank is required.
The ADCB Advantage Fixed Deposit is the bank's dirham deposit for larger sums. The minimum is AED 50,000, against AED 5,000 for the standard ADCB Fixed Deposit. In exchange you get two terms the standard product does not list, 9 months and 13 months, next to 1, 3, 6 and 12 months. You book it yourself in the ADCB mobile app or Personal Internet Banking, using money from your ADCB Current or Savings Account. The rate is fixed at booking, and the deposit and its interest are paid back together at the end.
Who can open it
Fees and balance
Minimum deposit
AED 50,000
Interest
Interest is paid at maturity. No interest if redeemed before 30 days. Later early redemption uses the lower of the actual-tenor interest rate minus 1% per annum and the booking-tenor interest rate minus 1% per annum, paid for the actual days held. Any excess interest already paid is recovered from the linked account.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 1 month | 2.75% |
| 3 months | 2.65% |
| 6 months | 2.55% |
| 9 months | 2.5% |
| 12 months | 2.55% |
| 13 months | 2.25% |
| Tenure | Annual rate |
|---|---|
| 1 month | 2.75% |
| 3 months | 2.65% |
| 6 months | 2.55% |
| 9 months | 2.5% |
| 12 months | 2.55% |
| 13 months | 2.25% |
In plain words
- Annual rate
- The rate is quoted for a full year. Money held for part of a year earns the matching part of it. More on this
- Tenure
- The length of time you agree to leave the deposit in place. You choose it when you open the deposit, and the rate you get depends on the tenure you pick. More on this
- Paid at maturity
- Maturity is the day the term you chose ends. The interest is paid then, together with the amount you deposited. More on this
What your money earns here
Tenure
13 months
The amount and the rate stay the same for the whole period, and the interest is paid out, not added to the balance. Try other rates
AED 1,219
interest over 13 months
2.25%
a year
interest earned over time
Benefits
Booked Online
Opened through the ADCB mobile app or Personal Internet Banking.
Six Terms
Terms of 1, 3, 6, 9, 12 and 13 months.
How to open
Before you apply
1.Open in the app.
2.An existing account with the bank is required.
3.Minimum deposit: AED 50,000.
4.No debit card included.
Application steps
1.Make sure you hold an active ADCB Current or Savings Account with AED 50,000 or more available.
2.Log in to the ADCB mobile app or Personal Internet Banking.
3.Go to Fixed Deposits and choose to open a new deposit.
4.Select the Advantage Fixed Deposit, the amount and the term, then confirm.
Good to know
Good option for
Existing ADCB customers placing AED 50,000 or more who want a 9-month term or prefer to book online.
Consider another account if
You are placing less than AED 50,000, or you want a longer lock-in. The Upfront Interest Deposit runs up to 36 months.
Frequently asked questions
Get answers to common questions about the ADCB Advantage Fixed Deposit