Business | Banking

Dubai Bank launches new product for top investors

'Value Bouquet' promises to offer very competitive profit rates for its high networth clients to maximise returns under two plans

  • Staff Report
  • Published: 00:04 November 24, 2008
  • Gulf News

Dubai: Dubai Bank has announced the launch of Value Bouquet, a high-yielding investment product for its Wealth Management clients.

Value Bouquet promises to offer very competitive profit rates of up to 6.25 per cent per annum. According to the bank, the new product "gives more value" to high net worth investors with at least Dh500,000.

"We are excited about the launch of Value Bouquet. Considering the current global investment climate, we have recognised the need to for investors to get better returns on their money," said Mohammad Amiri, Head of Retail Banking, Dubai Bank.

With Value Bouquet, investors can maximise their returns under two plans, Amiri says.

The first plan provides a choice of three investment windows. A one-month term deposit of Dh500,000 will generate a 5 per cent profit rate, while three months and six months term deposits will yield 5.25 per cent and 5.50 per cent as profits, respectively. The second plan is for a minimum period of a year. Two investment options are offered under the one year term plan.

A profit rate of 5.75 per cent will accrue for investors with less than Dh5 million, while 6.25 per cent profit is offered to investors with Dh5 million and above in investments. Amiri adds that Dubai Bank's Wealth Management offering has an excellent blend of personalised banking and Sharia compliant holistic advice on both investment and deposit solutions.

The bank boasts a team of experienced investment advisers supporting customers across a range of banking needs.

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