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Melli Deposits represents high interest earning deposits available to customers. To qualify for Melli deposit high yield rates, the customer has to ensure that the minimum amount deposited in these time deposits are equal to or more than AED 10,000 or US $ 10,000.
The interest rates for Melli Deposits are as follows:
| MELLI DEPOSIT |
(minimum time deposit amount of AED 10,000 or US $ 3,000) |
|
|
|
DURATION |
INTEREST P.A. |
|
| 0 TO 1 MONTH |
4.75 % |
|
| 1 TO 3 MONTHS |
5.25 % |
|
| 3 TO 6 MONTHS |
5.50 % |
|
| 6 TO 9 MONTHS |
5.75 % |
|
| 9 MONTHS TO 1 YEAR |
6.50 % |
|
| 1 YEAR TO 2 YEARS |
7.00 % |
|
| 2 YEARS TO 3 YEARS |
7.25% |
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