Savings & Deposits Account

Make the most of your funds

Short and long-term solutions for your surplus cash.

Minimum deposit amount

Profits are paid at maturity

Flexible deposit

Free online banking

Highlights

Minimum deposit amount
Profits are paid at maturity
Flexible deposit
Free online banking

Overview

Whether for short or long term, your surplus business cash should be working for you. CBD's My Business Saving Account is available in AED and other currencies including USD, GBP, EUR, JPY, and CNY.

Top features

Minimum Deposit Amount

Minimum deposit amount

Invest with minimum deposit amount of AED 10,000 with no maximum deposit limit for investment.

Profit Rates

Profits are paid at maturity

Flexible deposit tenures

Flexible deposit

Flexible deposit terms starting from 1 month

Free mobile,online banking

Free online banking

Free online banking account enquiry service, with the option to upgrade to a comprehensive interactive online banking service

Features and benefits

  • Feature-rich business bank account

  • No account maintenance fees providing a minimum monthly balance of just AED 25,000 is maintained

  • Available as both conventional and Islamic Savings Account with competitive interest/profit  rates

  • Interest/profit rates are paid out on a semi-annual basis based on minimum monthly balance over the last six months

  • Choice of six account currency denominations

  • Branch-based client relationship management

  • Access to Business Banking Zones and fast-track Business Banking tellers

  • Free online banking account enquiry service, with the option to upgrade to a comprehensive interactive online banking service

  • Free mobile banking service

  • Free SMS transaction alerts

  • Dedicated Business Banking call centre

  • Dedicated self-service phone banking

  • Competitive rates on money transfers, remittances and foreign currency exchange

  • Preferential pricing on a range of additional business banking and insurance products and services

  • Optional WPS salary processing service

  • Access to website-based business advisory services and business planning toolkits through Resource Centre

See more

Eligibility criteria

Savings & Deposits Accounts Criteria
Annual turnover Applicable for all type of companies with annual sales turnover up to AED 250 million.

Fees and Charges

List of chargesRequirements / Charges
CurrencyAED, USD, GBP, EURO, JPY, CNY
Minimum monthly average balanceAED 25,000 or equivalent in foreign currency
Monthly service charge for not maintaining average balanceAED 250
Standing OrdersPer Instruction
SetupAED 50
ExecutionAED 15
Failure due to insufficient fundsAED 50
AmendmentAED 15
Incoming remittancesPer Transaction
Local within UAEAED 1
International

AED 20
USD 10
EURO 10

Outgoing remittances Per Transaction

ManualElectronic
Local within UAEAED 50AED 40
International outside UAEAED 100AED 75
Within CBD - account to account transferAED 60Free
Managers Cheques/Demand DraftManualElectronic
Managers Cheques - per chequeAED 15AED 15
Demand Drafts - per chequeAED 15AED 15
Stopped demand draft/managers chequeAED 50AED 50
SMS Fees and Charges
Setup2 months free service from registration date
Starting from third month
5 messages free per month
Above 5 messages
AED 0.20 per message
Cash deposit
Over the counter - Teller transactions*

AED 25 per transaction


AED 250 per transaction for deposit transaction over AED 250,000 

Through cash deposit machine
Free
Cash withdrawal
Over the counter - Teller transactions
Up to 10 Free withdrawals per month. Each additional withdrawal AED 10 per transaction
CBD ATMFree
CBD i-Business (Business Online Banking Services)My Business Savings Account
First time set up charges for enquiry only customerFree
Monthly service charge for enquiry only customerFree
First time set up charges for transactor customerAED 400
Monthly service charge for transactor customerAED 200
Hard token chargesFirst 2 Tokens are free, each additional Token AED 100
Soft token chargesFirst 2 Tokens are free, each additional Token AED 75 per Token
Training supportFirst site visit is free
AED 250 for subsequent visit for Dubai and Sharjah regions
AED 400 for all other subsequent visit for all other regions

* Additional teller transactions will be charged once monthly quota limits are exceeded
** All fees and charges are applicable for 5% VAT

Relevant links

Disclaimer

All fees and charges mentioned are subject to change from time to time at the sole discretion of Commercial Bank of Dubai without prior notification. Charges for services not indicated in this List of Fees and Charges are available on request. Additional expenses, e.g. postage, cable, courier, fax, legal fees, etc. will be charged

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Warning

If the account balance is below the Minimum balance thresholds, then the corresponding breach of Minimum balance charges will apply. For complete product details and warnings, please refer to the Key Facts Statement document.

Our goal at CBD is to ensure that everyone has access to affordable banking solutions to help improve financial capability, promote savings, and build assets and wealth in the months and years to come.

To ensure you are not charged a monthly service fee on your account, please ensure you maintain a minimum monthly average balance of AED 5,000. This is waived if you transfer your salary to CBD or if you have a loan/finance with the bank.

Download CBD App - and open an account in minutes.

Access your financial future from the palm of your hand.

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