ABN AMRO launches 'Deposit Plus' - a fixed deposit with unmatched returns of 23.5 per cent over 5 years

This high yield deposit is designed to give customers a unique combination of high returns, ready liquidity and total security.

During the announcement of this highly anticipated fixed deposit, Burhan Khan, Head Consumer Banking, UAE said: "We are delighted to bring another innovation to the market, a deposit product that offers an unbeatable value proposition. "Deposit Plus" is no ordinary deposit, it is designed to maximise yields with rates that are amongst the highest in the UAE." Customers have the choice to deposit funds for a period of 1 to 5 years, with an option to use the interest earning every quarter.

What makes this deposit exclusive is the option of instant liquidity from day 1 by way of a pre-approved overdraft of up to 90% of the value of the deposit. Additionally partial withdrawals from the deposit are also possible, while the balance amount continues to earn interest as per agreed terms. Available in two currencies, AED & USD, Deposit Plus offers the peace of mind that the money is deposited with an international bank like ABN AMRO.

Mr Khan added, "ABN AMRO in the UAE will consistently bring to the market products like "Deposit Plus" which will not only meet and exceed the expectations of customers but will offer distinctive and exciting features & benefits."