Minimum age
18 years
CBD Bonus Booster Deposit
CBD Bonus Booster Deposit is a 36-month savings plan from AED 1,000 a month by standing order. Make all 36 payments to earn a bonus of one monthly deposit.
An existing account with CBD is required, such as CBD Current Account.
At a glance
Key facts
Monthly ContributionAED 1,000
Tenures36 months
Interest PayoutAt maturity
CBD Bonus Booster Deposit is a recurring deposit: a savings plan you pay into every month, not a lump sum. You choose a fixed monthly amount of AED 1,000 or more, and a standing order moves it from your CBD current or savings account into the deposit each month for 36 months. The plan runs in dirhams only. At the end you receive your savings, the interest that has built up, and a bonus equal to one of your monthly deposits. The bonus is the point of the product, and it depends on every one of the 36 payments arriving on time. The amount is fixed at the start, so you cannot top the plan up or take part of it out along the way. For a shorter plan with larger payments, see the CBD Premium Saver Deposit.
Who can open it
Residency
UAE resident or national
Fees and balance
Minimum monthly contribution
AED 1,000
Interest
Interest is paid at maturity. Total return of up to 8.25% at the end of 36 months, including a bonus equal to one monthly deposit. All 36 monthly contributions must arrive by standing order. A missed monthly contribution incurs an interest penalty and loss of the maturity bonus.
Available deposit tenures
- 36 months
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
The return has two parts, both paid at maturity. The first is guaranteed interest, which accrues each month on what you have paid in. The second is the bonus, equal to one monthly deposit. Added together over 36 months they produce the total return figure shown in the rate section on this page. That figure is a total across the whole plan measured against your average balance, not a yearly rate. Both parts depend on the standing order. If any monthly payment fails to reach the deposit, a penalty applies to the interest and the bonus is lost. A failed standing order cannot be run again, so the money must be in your linked account on the due date. If you close the plan before the end, the bank returns the amount you saved without interest.
Benefits
Maturity Bonus
Bonus equal to one monthly deposit, paid at maturity when all 36 payments arrive
Free Standing Order
Monthly amount moves by standing order from your CBD account at no charge
Online Opening
Opened through CBD Online Banking or at a CBD branch
How to open
Before you apply
1.An existing account with the bank is required.
2.Minimum monthly contribution: AED 1,000.
Application steps
1.Hold an individual AED current or savings account with CBD.
2.Apply through CBD Online Banking or at a CBD branch.
3.Choose your fixed monthly amount, from AED 1,000.
4.Set up the standing order from your current or savings account as part of the application.
5.Confirm that the first monthly transfer has reached the deposit.
Good to know
Good option for
Building a savings habit with a fixed amount from AED 1,000 a month, when your income is steady enough to fund a standing order for 36 months without a gap.
Consider another account if
Your monthly cash flow is uneven or you may need the money before the 36 months are up. One missed payment costs the bonus and an early exit pays no interest. A savings account leaves your money free.
Keep the linked account funded
The standing order is set up when you apply and is the only accepted way to pay in. Its first run happens on the day the deposit is opened, or the next working day, and it then repeats on that date each month. Check after opening that the first transfer went through, and keep enough in your current or savings account ahead of each date.
Frequently asked questions
Get answers to common questions about the CBD Bonus Booster Deposit