Premium Saver Deposit

*Annualized profit is a backward computation of return at maturity over the product tenor. Total returns shown above are including monthly profit and bonus as applicable. Bonus profit paid at the maturity, subject to receiving regular monthly deposits.

** Standing Orders set for funding Recurring Deposits are free of charge

You can apply through nearest CBD branch. 

Minimum monthly deposit amount is AED 5,000.

Premium Saver deposit is available for 18 months monthly contributions.

You may get profit if deposit withdrawn after 6 months.

Sorry, topping up of existing deposit is not permitted. However, you can always open a new Premium Saver deposit.

If you are UAE National or UAE resident, at least 18 years of age, with a valid passport, residence visa and Emirates ID, then you can apply. 

Monthly pre-fixed amounts are transferred to the Premium Saver deposit account through a linked Standing Order instruction, which will be set-up on your current/savings account at the time of applying for Premium Saver deposit account. 

Please note that if the linked standing order fails to credit monthly pre-fixed amounts to deposit account, re-execution of such failed standing order is not permitted. Hence it is extremely important to ensure that you maintain sufficient balance in your current/savings account where standing order is set-up.

Bonus amount is accrued every six months; the bonus amount is equal to the total accrued profit during the last six months. The payment of bonus at maturity will be subject to successfully receiving pre-fixed monthly amounts through the linked Standing Order instruction across all 18 months. No bonus will be paid if on any month pre-fixed amount fails to get credited to Premium Saver deposit account or if the deposit is liquidated prior maturity.

You will be required to set up standing order at the time of applying for Premium Saver account.

It is free of charge.

Sorry, partial withdrawals are not permitted. 

Please contact customer service at 600 527223 to assist you with your query.

Premium Saver deposit is a monthly recurring deposit structured on Islamic concept of Wakala that that allows you to build up your savings by investing a pre - fixed amount starting from AED 5,000 every month through standing order, for a defined period of 18 months. With Premium Saver you will get attractive expected returns on your monthly deposits on Shariah complaint manners. In addition, you will also get a bonus at maturity. Your total returns, if you don't miss your monthly contributions, can reach approximately 1.40% on average balance over 18 months (T&Cs apply).