Certificates of Deposit
Not ready to invest in stocks and bonds? Keep your mind at ease and build your savings through a certificate of deposit, with higher returns to save for whatever the future holds for you.
Benefits:
- Starting balance of 5,000 JOD
- Flexibility to pick the currency of your deposit
- Monthly, quarterly or annually paid interest
- Renewal of deposit on maturity
Managing your Certificate of Deposit:
Take control of your finances and deposit by using the Bank al Etihad mobile app, where you can check your certificate of deposit’s earned interest and total interest at maturity. You can also open, renew or close your deposit.
Remember, you cannot withdraw or break your certificate of deposit prior to its maturity date.
Certificate of Deposit vs. Term Deposit:
A certificate of deposit is an investment tied down with pre-set maturity dates that are usually long term and cannot be withdrawn before the maturity date. A term deposit is a short term investment with lower interest rates than a certificate of deposit but with the flexibility of accessing your money should you need it.
It is important to understand the ins and outs of your certificate of deposit, so please make sure you read the Terms & Conditions before you apply or get in touch to know more.
