Minimum age
18 years
CBD Premium Saver Deposit
CBD Premium Saver Deposit is an 18-month savings plan from AED 5,000 a month by standing order. Interest and a bonus are paid together at maturity.
An existing account with CBD is required, such as CBD Current Account.
At a glance
Key facts
Monthly ContributionAED 5,000
Tenures18 months
Interest PayoutAt maturity
CBD Premium Saver Deposit is an 18-month savings plan for larger monthly amounts. You commit a fixed sum of AED 5,000 or more each month, and a standing order collects it from your CBD current or savings account. Interest accrues monthly on what you have saved. On top of that, a bonus builds up every six months, equal to the interest accrued over those six months. Interest and bonus are both held back until the plan matures, then paid together. The plan is in dirhams only and you apply at a CBD branch. For a smaller monthly amount over a longer period, compare the CBD Bonus Booster Deposit, which starts at AED 1,000 a month.
Who can open it
Residency
UAE resident or national
Fees and balance
Minimum monthly contribution
AED 5,000
Interest
Interest is paid at maturity. Total return on average balances of up to 1.40% at the end of 18 months. The maturity bonus requires regular monthly deposits.
Available deposit tenures
- 18 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 headline figure for this plan is a total return over the full 18 months, measured against your average balance. It is not a yearly rate, and it already includes both the monthly interest and the bonus. The bonus is the part you can lose. It is paid at maturity only if all 18 monthly amounts reached the deposit through the linked standing order. If a single month fails to credit, or you close the plan before maturity, no bonus is paid. A failed standing order is not run a second time, so the money needs to be in your linked account on the due date. Closing early also affects interest: it is payable only on a plan closed after its first six months.
Benefits
Six-Monthly Bonus
Bonus equal to the interest accrued in each six-month period, paid at maturity
Free Standing Order
Monthly amount collected by standing order from your CBD account at no charge
How to open
Before you apply
1.An existing account with the bank is required.
2.Minimum monthly contribution: AED 5,000.
Application steps
1.Hold a CBD current or savings account.
2.Visit your nearest CBD branch to apply.
3.Complete the deposit application form and show your national ID or valid passport, residence visa and Emirates ID.
4.Choose a fixed monthly amount of AED 5,000 or more.
5.Set up the standing order that will fund the deposit each month.
Good to know
Good option for
Savers who can set aside AED 5,000 or more every month for 18 months and want the discipline of a standing order with a bonus for finishing.
Consider another account if
AED 5,000 a month is a stretch in some months. One missed payment removes the bonus, so a plan with a lower monthly amount or an instant-access savings account is the safer choice.
Frequently asked questions
Get answers to common questions about the CBD Premium Saver Deposit