For one-year deposits of AED 100,000 Lloyds TSB Dubai now offers a record rate of 5% to all UAE residents - the highest interest available in the country.
This announcement comes just after Lloyds TSB Dubai published its annual results on the back of numerous customer services initiatives such as pioneering the payment of interest to current account customers and dramatically halving credit card interest rates.
Lloyds TSB Regional Manager Giles Cunningham said, blockquote>"We continue to be at the forefront of product and service innovation in the UAE banking sector. Customers still do not get the best value or transparency when compared with other markets, and we are determined to introduce more products which will bring retail and business banking in the Emirates in line with the rest of the world."
The Lloyds TSB fixed term deposit ensures security and flexibility with an excellent guaranteed return.
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Lloyds TSB Dubai pushes interest to 5% for Fixed Deposits
- United Arab Emirates: Sunday, April 23 - 2006 at 15:14
- PRESS RELEASE
The only AAA credit rated bank in Dubai has continually been passing on the benefits of the base rate increase to customers opening fixed deposits.
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The main branch of Lloyds TSB is in Jumeirah, housed in a custom built landmark building, located on Al Wasl Road opposite Safa Park. The bank also has Customer Service Centres located at the Arabian Ranches, Healthcare City and Green Community. Lloyds TSB Dubai employs over 200 people providing a full range of financial services including: Personal Banking, Commercial Banking, Corporate Banking, Offshore Banking, Private Banking, Treasury Services and Trade Finance Services. In addition to market leading auto and home loans, credit cards, personal and commercial loans, current and savings accounts, and fixed term deposits, Lloyds TSB Dubai also offers easy accessibility to telephone banking and secure internet banking 24 hours a day, 7 days a week.For Further Information Please Contact:
John Hobday
Citigate / Incepta Middle East
Telephone: 04 332 8832
Manash Bhuyan
Citigate / Incepta Middle East
Telephone: 04 332 8832
Kirsty MacPherson
Lloyds TSB Bank
Telephone: 04 302 3307
Alexandra Lau
Lloyds TSB Bank
Telephone: 04 302 3357
Lloyds TSB Dubai is a branch of Lloyds TSB Group, one of the world's largest and most respected banking groups. Lloyds TSB employs over 70,000 people in more than 20 countries worldwide. Lloyds TSB has been a leading bank in Dubai for over 30 years and was awarded its banking licence by the UAE Central Bank in 1977.
Posted by Lara Lynn Golden, News EditorSunday, April 23 - 2006 at 15:14 UAE local time (GMT+4)
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