Open a fixed deposit

Existing account holders can apply for a fixed deposit through Online or Mobile Banking, or at a branch

Do you have a savings or current account with us?

To open a fixed deposit, you need to have a current or savings account with us. If you don’t, you can open an account quite easily and then apply for a fixed deposit.

If you're an existing account holder, the quickest way to apply for a fixed deposit is through Online Banking or Mobile Banking. You can also visit an Emirates NBD branch. Don't forget to bring along your Emirates ID or passport for identification.

Fixed deposits for companies

Standard Fixed Deposits, Flexi Deposits and RegulaReturns Fixed Deposits can also be opened by companies which are Sole Proprietorships, Partnership Companies, Joint Stock Companies and Limited Liability Companies.

Fixed deposits for individuals

We have a range of fixed deposits for UAE residents and non-residents to choose from:

FAQs

What are the interest rates for a Fixed Deposit?

Interest rates differ based on the tenure and currency of your Fixed Deposit. Click here for current rates.

How do I redeem a Fixed Deposit?

You can redeem your Fixed Deposit by visiting the nearest Emirates NBD branch or by logging in to Online Banking and placing a request under My Finances > Accounts > Savings & Deposits and then selecting the deposit which you would like to redeem.

If I don't redeem my Fixed Deposit on the maturity date, will it get auto renewed?

If your instructions are to auto-renew on maturity, then your Fixed Deposit will be renewed in the absence of any new instructions from you at least two working days prior to the maturity date. The Fixed Deposit, together with interest accrued, will be renewed for the same period at the prevailing rate of interest.

How do I change a Fixed Deposit instruction?

You can change a Fixed Deposit instruction by visiting the nearest Emirates NBD branch or by logging in to Online Banking and placing a request through Fixed Deposit/Goal Recurring Deposit Instruction. For additional funding, deposits will be prematurely closed and rebooked as new Fixed Deposits.

What happens if I break or make a partial withdrawal from my fixed deposit?

If you decide to make a partial withdrawal or foreclose your deposit before the agreed tenure, your interest rate will be affected depending on the type of deposit you hold.

For Fixed Deposit, FlexiDeposit , Steady Saver Deposit or RegulaReturns Deposit, upon early redemption, the interest will be as per the rack rate at the time of setting up the Fixed Deposit and there will be a 1% penalty
For Goal Recurring Deposit or FlexiSweep Deposit, if the withdrawal or closure is within 6 months of opening the deposit, your interest rate will be reduced by 1% on the amount withdrawn. Otherwise, the prevailing standard savings account interest rates will be applicable.

Note that Partial withdrawals are only allowed for Flexi deposits.

What is the minimum amount to open a fixed deposit?

The minimum deposit amount depends on the type of deposit you’re opening.

Fixed Deposits, FlexiDeposits and RegulaReturns Deposits require a minimum of AED 10,000.
Goal Recurring Deposits require a minimum of AED 500 or USD 200.
Steady Saver Deposits require a minimum of AED 1,000, USD 270 or GBP 220.
FlexiSweep Deposits have no minimum deposit requirements.

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