Step-up 9 Plus Fixed Deposit Account provides the highest interest rate to customers within a short period of time and instant rewards based on the deposit amount.
Key Benefit
• High intertest rate up to 9.9%p.a for a 9-month deposit
• Instant reward Limitation
• Minimum Placement: US$ 1,000 per certificate
• Maximum Placement: US$ 500,000 per certificate Tenor
• 9 months Interest Rate
Rate 2.60% p.a. for 1st – 2nd Month
Rate 3.70% p.a. for 3rd – 4th Month
Rate 5.10% p.a. for 5th – 8th Month
Rate 9.90% p.a. for 9th Month
Instant Reward
$1,000 - $9,999: Xiaomi Redmi Bud3 Lite
$10,000 - $49,999: Amazfit GTS 2 Mini
$50,000 - $199,999: JBL Boombox 2
$200,000 - $349,999: iPad Mini
$350,000 - $449,999: iPhone 13 Pro
$450,000 - $500,000: Macbook Pro 13”
Additional Benefit
1. Credit line limit up to 90% of total FD amount under “Step-up 9 Plus” with the interest rate of 8% p.a.
2. Free Annual Fee for Gold Debit Card
3. Free cheque book
4. Free Payroll facility for company
5. Free charge of Inward remittance
6. Wave cable charge for outward remittance
Requirement
Minimum Age: Applicant :16 years at the time of application
Administration Document:
1. Complete Application Form
2. National ID or Passport for individual
3. Company related document for company
Term & Condition for Step-up Plus Promotion
1. The campaign applies to both existing and new customers who open the new Fixed Deposits in USD Currency accounts with the minimum deposit USD 1,000 and Maximum deposit USD 500,000 for a 9-month period. Customers are able to open multiple Step-up 9 Plus Accounts.
2. The promotion applies for all customers who open the step up 9 plus, fixed deposit at branch or through CAB mobile app or internet banking.
3. The gift will be given based on the Fixed Deposit amount that followed the promotion criteria within the campaign from 01st March 2022 to 31st May 2022.
4. The customers will receive the gift within 7 business days from the date of Fixed Deposit certificate given by CAB Bank.
5. The customer cannot request to change the gift or exchange into cash.
6. The bank reserves the right to deduct the value of the instant reward if the account is withdrawn before 9-month term.
7. CAB reserves the rights to terminate this campaign or vary, delete or add on any terms and conditions without prior notice.
Please contact CAB via 023 980 000 for more information.