A Fixed Deposit Account from Mashreq gives you the attractive rates of interest that you expect, with the added flexibility of being able to draw on your funds at any time through an overdraft facility or a secured credit card. You can choose from multiple currencies and durations to find a Fixed deposit that is right for you.
Interest Rate:

  • Premature Withdrawal Rate – Rate of actual tenor, less 2%
  • Overdraft Against Fixed Deposit – 2.5% above deposit rate

Mashreq Fixed Deposit Features:

  • A fixed deposit from Mashreq gives you the benefit of higher returns for savings as per your requirements
  • Make investments starting at AED 10,000 in all major currencies
  • Invest as an individual or as a company, institution, club and government department
  • No Cheque book
  • Initial Deposit – AED 10,000
  • Minimum Balance – AED 10,000
  • No monthly fee
  • Currency Type – AED, USD, GBP, Euro
  • Get flexible time periods ranging from seven days to five years
  • Get a secured credit card up to the value of your deposit or an overdraft of up to 95% of your deposit to meet your emergency needs
  • Book your fixed deposits on line through mashreqonline as an existing customer
  • Withdraw your fixed deposits at any time, the interest paid on early withdrawals will be 2% less than the regular rate
  • Minimum Salary – AED 5000

Mashreq Salaam Rewards

Easily earn points for all retail banking solutions such as Current & Saving Accounts, Fixed and Unfixed Deposits, Home/Car/Personal Loans, Insurance, Investments, ROD/SOD and Mashreq Millionaire certificates and also on Mashreq Credit and Debit cards.

Documents Required:

  • Application form
  • Passport/Labor Card in original for id verification
  • Existing Mashreq customers can invest on MashreqOnline at their convenience
  • Current or Savings account with Mashreq is mandatory