Existing ADCB account
You need an ADCB Current, Savings or Call Account to link the deposit to.
ADCB Upfront Interest Deposit
ADCB Upfront Interest Deposit pays all the interest on day one, at 2% to 2.8% a year for 3 to 36 months. The minimum is AED 25,000, held in dirhams.
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.
Most fixed deposits make you wait until the end for your interest. The ADCB Upfront Interest Deposit does the opposite. On the day you book it, ADCB credits the interest for the whole term to your linked current or savings account, and you are free to use it. Your deposit itself stays locked until maturity. It is a dirham deposit with a minimum of AED 25,000 and terms from 3 to 36 months. Residents and non-residents can open one, provided they already hold an ADCB Current, Savings or Call Account. A deposit that pays at the end instead is the ADCB Fixed Deposit.
Who can open it
Fees and balance
Minimum deposit
AED 25,000
Interest
No interest is paid if the deposit is prematurely closed before 6 months; all interest paid upfront is recovered. From 6 months, 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. The difference is recovered from the linked account.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 3 months | 2.35% |
| 6 months | 2.25% |
| 9 months | 2% |
| 12 months | 2.45% |
| 18 months | 2.55% |
| 24 months | 2.6% |
| 30 months | 2.6% |
| 36 months | 2.8% |
| Tenure | Annual rate |
|---|---|
| 3 months | 2.35% |
| 6 months | 2.25% |
| 9 months | 2% |
| 12 months | 2.45% |
| 18 months | 2.55% |
| 24 months | 2.6% |
| 30 months | 2.6% |
| 36 months | 2.8% |
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 upfront
- You receive the interest for the whole term on the day you place the deposit, not when the term ends. More on this
What your money earns here
Tenure
36 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 2,100
interest over 3 years
2.8%
a year
interest earned over time
Since you have already been paid, breaking the deposit means giving interest back. Partial withdrawals are not allowed. If you chose automatic renewal, the deposit rolls over for the same term at the rate on that day.
Benefits
Interest Paid on Day One
The full interest is credited to the linked account when the deposit is booked.
Terms up to 36 Months
Eight terms from 3 to 36 months.
How to open
Before you apply
1.An existing account with the bank is required.
2.Minimum deposit: AED 25,000.
3.No debit card included.
Application steps
1.Make sure you hold an ADCB Current, Savings or Call Account.
2.SMS UID to 2626 from your registered mobile number, call the ADCB contact centre, or visit a branch.
3.Choose the amount, from AED 25,000, and a term between 3 and 36 months.
4.Confirm the account the upfront interest should be credited to.
Good to know
Good option for
Savers with AED 25,000 or more who want the interest in hand now and are sure the deposit can stay untouched for the full term.
Consider another account if
There is a chance you will need the money in the first 6 months. You would have to repay every dirham of interest received.
Frequently asked questions
Get answers to common questions about the ADCB Upfront Interest Deposit