(MENAFN- Khaleej Times) United Arab Bank (UAB), the UAE's fastest growing bank, has launched another market leading product, Flexi Deposits.
This programme will be available to all retail customers who bring in new-to-bank deposits between October 29 and December 19. The minimum subscription amount is Dh50,000 and customers can enjoy up to 5.25 per cent interest rate - the highest rate available in the market today.
Tom Smith, executive vice-president and group head of retail banking, added: "We are very pleased with the overwhelming response we have got so far to this product. In addition to offering the highest interest rate on any deposit programme over 18 months, there are no penalties for early redemption of funds and to top it all, no hidden fees or linkages to any volatile market instruments."
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