Schedule of Charges for Deposits, Mashreq Millionaire and Investments
Term Deposits
| Fixed Deposits | Un-fixed Deposits | |
|---|---|---|
| Minimum Amount | AED 10,000 | AED 10,000 |
| Maximum Amount | No limit | No limit |
| Tenor | 7 days to 5 years | 6 months to 5 years |
| Premature Withdrawal Rate | Rate of actual tenor, less 2% | Rate of actual tenor, less 2% |
| Partial Withdrawal | Not allowed | Allowed in units of AED 1,000 & USD 250 |
| Overdraft Against Fixed Deposit | 2.5% above deposit rate | 2.5% above deposit rate |
MashreqMillionaire
| Issuance Fee | AED 35 / waived for Mashreq Gold Customers |
| Pre-enchashment Fee within 90 days of issuance | 2.5% (AED 25 per certificate) |
Investments*
| Subscription / Redemption | Front end and/or back end fees, if any, on our capital guaranteed/non-capital guaranteed funds are variable and subject to the investment vehicle and/or type |
| Borrowing against Investment | Interest charges for borrowing against investments are subject to market conditions and depend on the customer’s banking relationship with us |
* For terms and conditions, please refer to product-offer document.
