Applying under 18
A guardian must be associated as co-applicant.
CBD Unit Time Deposit
CBD Unit Time Deposit pays 0.4% a year for 6 months or 0.55% for 12 months on AED 100,000 or more, with early partial withdrawals in AED 10,000 units.
An existing account with CBD is required, such as CBD Current Account.
At a glance
Key facts
Minimum DepositAED 100,000
TenuresFlexible
Interest PayoutAt maturity
CBD Unit Time Deposit is a fixed deposit you can break in pieces. You place AED 100,000 or more in dirhams for six months or one year. If you need cash before the end, you do not have to close the whole deposit. You can take out part of it in units of AED 10,000, and the rest carries on earning the rate you agreed at the start. That unit feature is what separates it from the standard CBD Time Deposit, which has a lower entry amount and a wider choice of terms. You need a CBD current or savings account to open one, and the bank issues a deposit receipt when the money is placed.
Who can open it
Fees and balance
Minimum deposit
AED 100,000
Interest
Interest is paid at maturity. Partial withdrawals must be at least AED 10,000 and in multiples of AED 10,000, leaving at least AED 10,000. Reduced annual rates on early withdrawn units: 7 days or up to 1 month: 0%; over 1 to 2 months: 0.10%; over 2 to 4 months: 0.15%; over 4 to below 6 months: 0.20%. Interest on withdrawn units is paid on maturity or closure.
Available deposit tenures
| Tenure | Annual rate |
|---|---|
| 6 months | 0.4% |
| 12 months | 0.55% |
| Tenure | Annual rate |
|---|---|
| 6 months | 0.4% |
| 12 months | 0.55% |
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
12 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 550
interest over 1 year
0.55%
a year
interest earned over time
The rates in the table apply only to money that stays for the full term. Any units you withdraw early are paid a reduced rate instead, set by how long that money had been in the deposit. Interest on withdrawn units is not paid out when you withdraw and is not added to your principal. You receive it later, at maturity or when the deposit is closed.
Benefits
Partial Withdrawal In Units
Withdraw part of the deposit early in multiples of AED 10,000
Two Deposit Terms
Six-month and one-year terms in dirhams
How to open
Before you apply
1.An existing account with the bank is required.
2.Minimum deposit: AED 100,000.
Application steps
1.Hold a CBD current or savings account.
2.Complete the deposit placing form.
3.Provide your national ID or valid passport, residence visa and Emirates ID.
4.Place AED 100,000 or more for six months or one year and keep the deposit receipt.
Good to know
Good option for
AED 100,000 or more that you expect to leave for six or twelve months, with a real chance you will need some of it sooner.
Consider another account if
Your sum is under AED 100,000, or you are certain you will not touch it. A CBD Step-Up Time Deposit starts at AED 10,000, and savings accounts keep the full balance within reach.
Frequently asked questions
Get answers to common questions about the CBD Unit Time Deposit