Emirates NBD, a UAE-based financial group, has launched Jersey Offshore Deposits, a flexible multi-currency fixed-deposit product to offer international access, tax efficiencies and confidentiality. The offering is targeted at affluent and high net worth customers in the UAE.
Available in a range of international currencies, including the US dollar, UK pound, euro and the UAE dirham, the product is available in tenors ranging from one month to three years. The minimum deposit is $25,000, GBP25,000, EUR25,000 or AED100,000.
Suvo Sarkar, executive vice president and general manager of retail banking at Emirates NBD, said: “Meeting the needs of our clients here in the UAE and across the world remains our highest priority at Emirates NBD. We are therefore extremely pleased to extend our deposit offerings through the introduction of Jersey Offshore Deposits, offering our customers attractive returns, peace of mind, flexibility and convenience.”