Benefits

  • Customer benefits from higher interest rate by opening the deposit for a longer tenor

  • Interest is paid monthly, therefore customer does not have to wait until maturity to receive interest

  • Secured deposit and interest amount is guaranteed if deposit is held until maturity

  • Interest rate is fixed for the entire tenor

  • Competitive rate of interest depending on tenor and deposit amount

  • The higher the deposit amount and longer the tenor, higher the interest rate

  • On maturity the deposit is renewed automatically at the prevailing rate of interest

  • No restriction on maximum deposit amount

Features

  • Terms Available – 3 months, 6 months, and 12 months

  • Interest is calculated on a daily basis

  • Interest is paid on a monthly basis

  • The principal amount of the deposit is locked in until maturity

  • If deposit is broken before maturity, all monthly interest amounts that was paid shall be deducted from the principal amount

  • The term of the deposit cannot be changed until maturity

  • Available in KWD

Opening deposit

  • KD 5,000.

Terms & conditions

Tools & Calculators

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