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CORPORATE DEPOSITS

For businesses with surplus cash which is not being fully utilised, Gulf Finance offers a range of deposit options at attractive fixed interest rates. We offer leading rates of interest supported by the comfort of dealing with a ‘BB’ rated financial institution*.

Our deposits are specifically designed with small businesses in mind with a minimum deposit amount of AED 1 million and a maximum amount of AED 10 million. Available deposit tenors range from 6 months to 24 months. The larger the deposit and the longer the deposit tenor, the higher the rate of interest. To keep account operation as simple as possible, deposits can automatically rollover on maturity for the same period as the maturing deposit, although the interest rate applicable may be different.

Our deposits come in two forms, Standard and Flexible. The Standard Deposit pays a high rate of interest but no early withdrawal is permitted during the deposit period. For customers wanting the ability to withdraw the deposit early, our Flexi Fixed Deposit allows full or partial withdrawal after half way through the deposit. The table below shows the indicative rates of interest payable.

Standard Fixed Term Deposit

 

Deposit Duration

Deposit Amount (AED 000's)

6 Months

12 Months

18 Months

24 Months

1,000 to 2,000 2.625% 4.625% 4.750% 4.875%
2,001 to 4,000 2.750% 4.750% 4.875% 5.000%
4,001 to 6,000 3.000% 5.000% 5.125% 5.250%
6,001 to 8,000 3.125% 5.125% 5.250% 5.375%
8,001 to 10,000 3.250% 5.250% 5.375% 5.500%

Flexi Fixed Term Deposit

 

Deposit Duration

Deposit Amount (AED 000's)

6 Months

12 Months

18 Months

24 Months

1,000 to 2,000 N/A 3.375% 3.500% 3.625%
2,001 to 4,000 N/A 3.500% 3.625% 3.750%
4,001 to 6,000 N/A 3.750% 3.875% 4.000%
6,001 to 8,000 N/A 3.875% 4.000% 4.125%
8,001 to 10,000 N/A 4.000% 4.125% 4.250%

For current rates and to find out more about how you can make your money work harder through a Gulf Finance deposit, please give us a call.

*Capital Intelligence credit rating report, August 2009.