Term Deposits
Enjoy financial security by having a term deposit that allows you to invest your money for a short-term goal or a rainy day.
Benefits:
- Starting balance of 5,000 JOD
- Short term commitment
- Monthly, quarterly or annually paid interest
- Automatic renewal after maturity date
Managing your Term Deposit:
Take control of your finances and term deposit by using the Bank al Etihad mobile app, where you can check your term deposit’s earned interest and total interest at maturity. You can also open, renew or close a term deposit using the app.
Remember, if you withdraw your term deposit ahead of its maturity date you will pay a penalty according to the terms of your term deposit.
Term Deposit vs. Certificate of Deposit:
The biggest advantage of a term deposit is the short term commitment, which makes it a perfect and secure investment if you’re aiming for extra cash in a short period of time. You will be paid a certain amount of interest for the duration of the term deposit which you can check using our term deposit calculator.
Meanwhile, a certificate of deposit is for long term investment goals with higher interest rates and a longer maturity date.
It is important to understand the ins and outs of a term deposit so, please make sure you read the Terms & Conditions before you apply or get in touch to know more.
