Term Deposit
A Fixed Deposit allows you to deposit your money for a set period of time thereby earning you a higher rate of interest. Deposit of funds can be for a pre-specified period at a fixed interest rate and you can choose from a range of deposit periods from one to twelve months.
- A Term Deposit allows you to deposit your money for a set period of time thereby earning you a higher rate of interest.
- Deposit of funds can be for a pre-specified period at a fixed interest rate.
- Deposit periods range from one month to twelve months (1, 2, 3, 6, 9, 12 months). Customers may choose the maturity dates as required.
- Interest rate is fixed during the deposit period.
- Interest payment is done upon maturity.
- Automatic rollover facility upon maturity for the same period of deposit is available.
- Penalties will be charged for premature withdrawals.
- Minimum deposit is JOD 10,000 or equivalent in a foreign currency