Existing ADCB account
You need an active ADCB Current or Savings Account to link the deposit to.
ADCB IB Century Deposit
ADCB IB Century Deposit is a fixed deposit from AED 5,000 with terms of 50 to 500 days. Interest is paid at maturity, and none is paid before 50 days.
An existing account with ADCB is required, such as ADCB Current Account.
At a glance
Account access
No debit card included.
An existing account with the bank is required.
The ADCB IB Century Deposit is a fixed deposit whose term is set in days. You place AED 5,000 or more, or the same value in a foreign currency, for 50, 75, 100, 200, 375, 400 or 500 days. The rate is the one in force on the day the deposit is booked, and it stays the same to the end. You need an active ADCB Current or Savings Account, which is where the money comes from and where it returns. ADCB's Key Facts Statement lists it beside the Online Century Deposit, which has the same terms, minimum and early-exit rules.
Who can open it
Fees and balance
Minimum deposit
AED 5,000
Interest
Interest is paid at maturity. No interest if redeemed before 50 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
- 50 days
- 75 days
- 100 days
- 200 days
- 375 days
- 400 days
- 500 days
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
How your interest is worked out
Interest is paid once, when the deposit matures. It is simple interest, so nothing is compounded during the term. The deposit has a 50-day floor: redeem before then and ADCB pays no interest. From day 50, leaving early means a lower rate for the days the money was held. The bank compares the rate for the time actually completed with the rate you booked, takes the lower one and subtracts one percentage point a year. If interest already credited is more than that, the excess is recovered from your linked account.
How to open
Before you apply
1.An existing account with the bank is required.
2.Minimum deposit: AED 5,000.
3.No debit card included.
Good to know
Good option for
ADCB customers who want a fixed return over a set number of days and will leave the deposit alone for at least 50 days.
Consider another account if
You want to choose a term in months. The ADCB Fixed Deposit runs from 1 to 12 months and pays some interest after 30 days.
Frequently asked questions
Get answers to common questions about the ADCB IB Century Deposit