Commercial Bank International – eSaver Account
Minimum Salary
AED 0
Annual Return
0%
Minimum Balance Required
AED 0
Features
Dedicated Relationship Manager

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Interest Rates Based on Deposit Amount:

  • Less than AED 300,000: 1.75%
  • AED 300,000 to AED 500,000: 2.50%
  • AED 500,000 to AED 2,000,000: 3.00%
  • AED 2,000,000 to AED 5,000,000: 3.25%
  • AED 5,000,000 to AED 10,000,000: 3.52%
  • AED 10,000,000 and above: 0.55%

Interest rates are calculated based on the daily balance.

Required Documents:

  • For All Applicants:
    • Original passport (valid for at least 1 month before expiry).
    • Valid Emirates ID.
    • Valid visa for expatriates.
    • Proof of address (e.g., bank statement, utility bill, letter of employment, or tenancy agreement).
  • For Non-Residents:
    • Reference letter from your current bank.

Minimum Deposit:

  • AED 10,000 or equivalent to open the account.

Terms and Conditions:

  • New Funds Only: Existing customers can avail this rate only on receipt of new funds.
  • Account Opening: eSaver account can only be opened using Internet Banking.
  • Withdrawals: Limited to one withdrawal per month.
  • Limited Time Offer: This offer is available for a limited time only.
  • Additional Terms: Other terms and conditions may apply.

Calculator Definitions

  1. Amount (Principal):The total sum of money borrowed. This is the initial amount loaned to the borrower.
  2. Rate (%):The annual interest rate applied to the borrowed amount. This rate, also known as the Annual Percentage Rate (APR), will be calculated in this example.
  3. Years (Term):The original duration of the loan or financial product, expressed in years.
  4. Effective Monthly Payment:This is the monthly payment amount that includes the principal, interest, fees, and other costs associated with the loan. This comprehensive payment figure is used to calculate the APR.
  5. Calculated Annual Percentage Rate (%):The APR reflects the annual cost of borrowing, including the interest rate plus any additional fees and costs. This comprehensive rate allows for a more accurate comparison of different financial products with varying interest rates and fee structures. The APR may vary between financial institutions.
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