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Dubai Bank Launches New Investment Product For HNWIs

by Carla Jonhson, Investors Offshore.com

24 November 2008


Dubai Bank, a Dubai Group company, has announced the launch of high-yielding investment product called ‘Value Bouquet’ specifically for its wealth management clients.

Value Bouquet promises Dubai Bank's Wealth Management clients profit rates of up to 6.25% per annum.

Two plans are available to maximise returns according to Mohammad Amiri, Head of Retail Banking at Dubai Bank. He explained the first plan offers a choice of three investment windows: “A one-month term deposit of AED500,000 (USD136,500) will generate a 5% profit rate, while three and six months term deposits will yield 5.25% and 5.50%, respectively.”

“The second plan is for a minimum period of one year. Two investment options are offered under the one-year term plan. A profit rate of 5.75% will accrue to investors with less than AED5m, while 6.25% profit is offered to investors with AED5m and above in investments.”

Mohammad Amiri concluded: "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."


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