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FAQs

What is a Call Account?

A UNB Call Account is a deposit account that allows you to save money over a short period of time, while earning interest on it.

What is the interest structure?

We offer a simple interest rate (without any compounding facility) as follows:

Months123456789
Interest rate
(per annum)
1.5%1.6%1.65%1.7%1.75%1.8%1.85%1.9%1.95%


Months101112131415161718
Interest rate
(per annum)
2%2.1%2.2%2.3%2.4%2.5%2.6%2.7%6%

These interest rates are percentage per annum. The effective interest rate is 2.25% per annum.

What is an Accelerating Rate Deposit?

Accelerating Rate Deposit is a deposit with step-up rates that applies monthly (calendar month) to an account linked to the deposit.

Can I make a partial withdrawal on my deposit?

No. You can make a full withdrawal; however, you’ll be charged an early withdrawal fee for premature withdrawal.

Can I make my deposit in any currency?

No, the Accelerating Rate Deposit is available in AED only.

Can I open the account in any currency?

Yes, the Call Account is available in local and any major foreign currencies.

Can I take out an overdraft against my deposit?

Yes. Contact us and we will explain how this works.

Can I make a partial withdrawal on my deposit?

No, you aren't able to make a partial withdrawal from your Fixed Deposit.

Can I make my deposit in any currency?

Your Fixed Deposit account can be in AED or any other major currency.

Can I take out an overdraft against my deposit?

Yes. You can apply for an overdraft facility on your fixed deposit. Some maximum facility limits apply, depending on the currency of your account. Apply by calling our Call Centre, or by visiting a branch near you.

What is the interest structure?

We’ll confirm the interest on your deposit when you apply for a Fixed Deposit account. You can contact your branch for more information at any time.

What is the minimum and maximum amount I need to make a deposit?

You need to deposit at least AED 50,000, but there is no maximum limit.

When do I start earning interest and how do I collect it?

Your deposit starts accruing interest on day one. We pay you your interest at term maturity.

Can I make my deposit in any currency?

No, you need to make your deposit in UAE Dirhams.

What are the minimum and maximum deposit amounts?

The minimum amount you can use to open your Deposit is AED 50,000. There is no maximum amount.

When do I start earning interest and how do I collect it?

Interest is credited in advance to your current or savings account linked to your Interest in Advance Deposit at the time of booking the deposit.

Is my principal guaranteed?

Yes. If you close your deposit account prematurely on the calendar month of entry into the scheme, you will receive your principal amount without interest.