Booster Wakala Deposit
Grow your deposits. Expected profit rates up to 3.40% p.a.
Grow your deposits. Expected profit rates up to 3.40% p.a.
Key Benefits:
*In the event of early redemption, the profit rate applicable to the Investment Savings Account prevailing at the time of redemption shall be applied to deposit for the actual period it was maintained, regardless of the originally agreed profit rate. Any profits already paid will be recalculated and deducted from the principal.
Deposits amounts from a minimum of AED 25,000 up to AED 5 million and USD 10,000 up to USD 1.5 million per booking. Max limit of these deposits is AED 10 Million (or equivalent) per customer.
Terms and Conditions apply.
Click here for the Key Facts Statement regarding Deposits.
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Profit Rates:
| Tenor | Profit Payment Frequency | Expected Profit Rates (p.a) | |
|---|---|---|---|
| AED | USD | ||
| 1 Year | Monthly | 2.95% | 3.05% |
| Quarterly | 3.00% | 3.10% | |
| Half-Yearly | 3.05% | 3.15% | |
| Yearly | 3.30% | 3.40% | |
| 2 Years | Yearly | 3.00% | NA |
| 3 Years | 3.00% | NA | |
| 4 Years | 3.00% | NA | |
| 5 Years | 3.00% | NA | |
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