Unfixed Deposit Account Mashreq Bank
Minimum Deposit
AED 10,000
Choice Of Terms
6 months to 5 years
Profit Rate
0.26%
The Unfixed Deposit from Mashreq is a truly unique account of this type in the region. The amount deposited is divided into internal units of AED 1,000. If you need funds for an emergency, you can choose the number of units that you require and these will be encashed and deposited to your account. The balance of your deposit will continue to earn interest at the agreed rate.
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Features
- Get flexible time periods ranging from six months to five years.
- Get the flexibility to withdraw funds in units of AED 1,000 or US$ 250 when needed.
- No pre-encashment fee.
- Get an overdraft facility of up to 95% of the value for your AED deposits and 90% of your US$ deposits.
Eligibility
- Investments start at AED 10,000 in AED and US$ 2,500 for a minimum tenor of six months.
- Current or Savings account with Mashreq is mandatory.
Documents required
- Application form.
- Passport/Labor Card in original for id verification.
- Existing Mashreq customers can invest on MashreqOnline.