Term Deposits are ideal for both short- and long-term savings, with competitive profits on a minimum deposit of AED 10,000, and financing against your deposit. Noor Bank’s Term Deposits are available to you in AED, EURO, GBP and USD.

Noor Bank Term Deposit Features:

  • short- and long-term savings
  • Term: 1 month, 3 months, 6 months, 9 months or 12 months
  • Profit earnings: As per Mudaraba pool rates
  • Profit payout options: Monthly, quarterly, or at maturity
  • Renewal options: Automatically at maturity, or on request
  • Other Benefits include finance against you deposit

Profit rate:

  • Term Deposit 1 month – 0.55%
  • Term Deposit 3 months – 1%
  • Term Deposit 6 months – 1.3%
  • Term Deposit 9 months – 1.3%
  • Term Deposit 12 months – All AED 1.50%

Documents Required:

For Residents:

  • Copy of valid UAE Residence Visa
  • Emirates ID

For UAE Nationals

  • Copy of National ID card or Copy of Family Book

For Non Residents:

  • Bank reference letter (not older than 30days)
  • Account statement of last six months with existing bank