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Save for the future, but enjoy the interest now. Spend it on all the good things you deserve.

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Save for the future, but enjoy the interest now. Spend it on all the good things you deserve.

Make your savings get you instant cash

Deposit and get instant interest

Features

Apply today and enjoy the benefits that come with being a valued Standard Chartered Bank Client.

Flexible tenure

Choose from a minimum tenure of 1 month to a maximum of 12 months. T&Cs apply.

Overdraft facility

Overdraft facility that gives you instant access to cash. T&Cs Apply

Convenient Banking

Free 24-hour banking. Online banking and mobile banking allows you to manage your money and complete transactions anywhere in the world at anytime.

Additional Features


  • Flexible deposit tenures from 1 to 12 months on regular Fixed Deposits; Upfront Fixed Deposit available for 6 and 12 months only

  • Interest rates for AED and USD regular Fixed Deposits available at Branches on Fresh Funds

 
1 month
3 months
6 months
12 months
AED 0.10% p.a. 0.15% p.a. 0.25% p.a. 0.50% p.a.
USD 0.10% p.a. 0.15% p.a. 0.25% p.a. 0.50% p.a.

  • Interest rates for AED and USD regular Fixed Deposits on existing funds:

 
1 month
3 months
6 months
12 months
AED 0.10% p.a. 0.15% p.a. 0.25% p.a. 0.50% p.a.
USD 0.10% p.a. 0.15% p.a. 0.25% p.a. 0.50% p.a.
  • The above Interest rates applicable on regular Fixed Deposits are indicative & subject to change at the sole discretion of Standard Chartered Bank UAE. Once the Fixed Deposit is booked the rate is confirmed for the tenure.
  • Interest Rates on Upfront Fixed Deposit available on request at our branches
  • For regular Fixed Deposits opened online, the interest rates may differ from above indicative rates. The final rate can only be confirmed once the Fixed Deposit has been booked online.
  • Foreign currencies available for regular Fixed Deposits: GBP and USD.
  • Preferential interest rates as well as booking of regular Fixed Deposits in other foreign currencies are subject to approval.
  • Maximise your returns on a regular Fixed Deposit by reinvesting the principal or both the principal and interest at maturity.
  • Enjoy the freedom of banking 24 hours a day, 7 days a week, from wherever you are in the world. You can choose from any of the latest automated banking services:
    • Online Banking
    • Phone Banking
    • SC Mobile Banking
    • ATMs at convenient locations
    • Cash and cheque deposit machines at all branches in the UAE

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Eligibility & Documents

Eligibility

  • Nationality: UAE Nationals, Resident & Non Resident individuals
  • Age requirement: Minimum 18 years old

Minimum Documentation Requirements

  • For Residents: Passport, Emirates ID & Resident Visa
  • For Non Residents: Passport, Bank Statements & Address proof

Terms & Conditions

  • Minimum Deposit Amount is AED 25,000 or equivalent in foreign currency
  • ‘Fresh Funds’ are defined as funds deposited in the last 30 days of Fixed Deposit Booking
  • On early withdrawal, the interest payable will be paid at the Original Fixed Deposit Rate (i.e. the rate labelled “Interest Rate % p.a.” on your Fixed Deposit Confirmation) less 2% (two percentage points) per annum. If, after subtracting the 2% (two percentage points), the interest rate payable is equal to or less than 0% (zero percentage points), no interest will be paid and only the principal amount will be returned.
  • In case you have been paid any interest prior to early withdrawal, excess interest paid will be subject to a penalty of 2% (two percentage points), which will be deducted from the principal amount.
  • In case of a Upfront Fixed Deposit being uplifted prior to completion of the minimum tenor as applicable for the product (i.e.1 month or 30 days), no interest will be paid out and any interest paid will be deducted from the principal amount.
  • Partial withdrawal of the Fixed Deposit and/or the Upfront Fixed Deposit are not available.
  • For any renewals, automatic or not, please note that we retain the right to not offer the same interest pay out frequency as per your initial tenor. You will however be notified where this is applicable.
  • More details on applicable interest rates are available by contacting us at one of our branches or by using phone banking.
  • Please click here for the Arabic version of the terms and conditions