Royal Bank of Scotland launches fixed deposit and investment account in UAE

Rewarding customers the more they save, the account offers an exceptional rate of return of up to 6% for up to six months as well as a gold coin for all new customers. Investors also have the flexibility to access their deposit whenever needed.

The account is aimed at residents of the UAE looking for a safe and guaranteed return on their investment. A minimum investment of Dhs400,000 guarantees a 4% rate of return and a gift of a four gram gold coin, Dhs500,000 guarantees a 5% rate of return and a five gram gold coin, while savers with a minimum Dhs600,000 investment are guaranteed a 6% rate of return and a six gram gold coin and the product offering will continue until 30 November 2008.

RBS Royal Preferred Banking's enhanced product capabilities ensure residents in the UAE have access to investment products that are tailored to their financial needs - a highly rewarding rate, choice of rates relative to their deposit amount and flexibility to access their investment.

Commenting on the product launch Shahid Khan Niazi, Senior Vice President and Head of RBS Royal Preferred Banking and Business Banking, said:

"RBS Royal Preferred Banking is proud to offer a leading Fixed Deposit and Investment Account in the UAE. We know that residents and existing RBS customers desire more than just an everyday saving account: they want choice, flexibility and a guaranteed return for their investment. At RBS Royal Preferred Banking we can offer all of this, as well as a gold coin; our way of welcoming them to the service."

In a region where traditional rates of return on savings have been low, RBS Royal Preferred Banking offers UAE residents guaranteed returns well above the UAE Central Bank interest rate, a golden opportunity for them to save.

"RBS is committed to making it happen for residents in the UAE. As the economy has grown, the affluent and mass-affluent markets have grown too, and they are eager to find good returns on their investments. That is why RBS Royal Preferred Banking is the choice for many residents looking for the best investment solution,"

added Karim Beg, Head of Consumer Finance and Marketing.