Benefits
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Competitive rate of interest depending on tenor and deposit amount
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Secured deposit and interest is guaranteed on maturity
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Interest rate is fixed for the entire tenor
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The higher the deposit amount and longer the tenor, higher the interest rate
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On maturity the deposit is renewed automatically at prevailing rate of interest
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No restriction on maximum deposit amount
Features
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Terms Available – from 1 week up to 1 year, 18 months, and 24 months
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Interest is calculated on maturity
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Interest is paid on a maturity
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The principal amount of the deposit is locked in until maturity
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If deposit is withdrawn before maturity, no interest will be paid
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The term of the deposit cannot be changed until maturity
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Available in KWD and other major international currencies
Opening deposit
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KD 5,000 / USD 10,000 / EUR 25,000