Deposits

How to access deposits Term Deposit Certificate of Deposit

A new and easy way to invest in term deposits and certificates of deposit!

Enjoy financial security by having a term deposit or certificate of deposit that allows you to invest your money for a rainy day. Pick the option that suits your financial goals and watch your money grow with time.

You can now top-up your balance or break a deposit according to your needs with a few taps. We’ve also added options that enable you to control the deposit and the certificate of deposit by the end of the time period.

Start now!

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From the Home page tap "Deposits"

You will then be directed to a menu where you can pick between “Term deposits” and “Certificate of Deposit”.
From there you can also view your existing term deposits and certificate of deposits.

Term Deposit

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Tap on the "+ New Term Deposit" button

After tapping on this button, you will be directed to “Open a term deposit” screen, where you will see a list of options you can choose from.

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Choose the term deposit type that suits you

After tapping on one of the options, you will be taken directly to a screen containing the terms and conditions for the product you have chosen.

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After reviewing all the terms and conditions related to the product of your choice. Accept terms and continue button will be activated immediately. Tap on it to continue

Then you will go directly to the “Source Account” screen.

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Choose the account from which you want to withdraw the deposit amount

You will then be directed to the “Select currency” screen, which contains a list of various currencies.

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Choose the currency of the deposit you want

You will then be directed to enter amount you want to invest, keeping in mind that the minimum deposit is 5,000 JOD or the equivalent in USD, GBP and Euro.

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Enter the amount you want to deposit, then click the Continue button

Then you will go directly to the “Renewal options” screen, which contains several options, from which you can choose what suits you best.

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Choose what suits you from the list.

You will then proceed directly to the “Review deposit” screen, which contains all the details of your term deposit.

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Click the Create a deposit button

You will be directed to the “Transaction completion” screen.

Certificate of Deposit

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Click on the “New Certificate of Deposit” button

After tapping on this button, you will go directly to “Open a certificate of deposit” screen, where you will be presented with a list of products that you can choose from.

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Choose the type of certificate you want.

After tapping on one of the options, you will be directed to a screen containing the terms and conditions for the product you have chosen.

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After reviewing all the terms and conditions related to the product of your choice, Accept terms and continue button will be activated immediately. Tap on it to continue.

Then you will go directly to the “Source account” screen.

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Choose the account from which you want to withdraw the Certificate of Deposit amount.

You will then go directly to the “Select currency” screen, which contains a list of different currencies.

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Choose the deposit currency you want.

You will then be directed to the “Enter amount” screen, where you can enter the amount you want to deposit, bearing in mind that the minimum deposit is 5,000 JOD or the equivalent in USD, GBP and Euro.

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Enter the amount you want to deposit, then click the Continue button

Then you will go directly to the “Renewal options” screen, which contains several options, from which you can choose what suits you best.

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Choose what suits you from the list.

You will then proceed directly to the “Review deposit” screen, which contains all the details of the deposit.

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Click the Create deposit button

You will then move directly to the “Transaction completion” screen.

Read the FAQ’s

Is it possible to replenish the term deposit?

Yes! You can always replenish the deposit by following these steps:

Tap on More button on the main options bar. Then you will be presented with a menu with several options.
Choose Deposits from the list You will then be taken to a screen with a menu where you can switch between Term deposits and Certificates, and you can view a record of all the Term deposits and Certificates you have.
From the Term Deposit Registry, tap on the deposit you want to replenish. You will be directed to the View deposit screen, which contains your deposit information, and has two options: Liquidate deposit or + Top-up.
Tap on the Top-up button You will then be directed to the Enter amount screen, where the Continue button will be activated after entering the amount you want to feed the deposit with.
Tap on Continue. You will be taken to the Review Deposit screen that contains your deposit information after replenishing your deposit.
Tap on the Top-up deposit button. You will then be taken to the successful completion of the process screen, where you can share the available information with your contacts and through social media.

Can a certificate of deposit be broken?

No! You cannot break the certificate of deposit using the application, but you can do so by visiting one of the branches.

Can a certificate of deposit be replenished?

No. A certificate of deposit cannot be replenished.

Can the term of the deposit be changed?

No! You cannot change the term of the deposit through the application, but you can do so by visiting one of our branches.

Are there any fines for breaking the deposit partially or completely?

Yes. Fines shall be imposed for partial or total breakage of the deposit, according to the terms and conditions of the bank.

How interest rate is calculated?

It depends on different factors such as the period, product, amount and some other factors, and it is an annual interest rate.

Published:

10 September 2020

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