Features & Benefits

• Fixed Deposit can be opened in any currency of your choice.
• Deposits are accepted for a minimum of 1 month, and a maximum as tenor agreed with the Bank
• Both residents and non-residents are able to open an account.
• Minors under the age of 21 and individuals with limited legal capacity may open an account and a guardian must be present at each transaction.
• Individuals requiring a thumb print impression to operate the account may also open an Fixed Deposit account,
• It is required to deposit a minimum  of AED 50,000 (or equivalent currency) and thereafter in multiples of AED 10,000. The maximum deposit amount is AED 1,000,000. Customers may transfer funds from existing NBQ accounts, or from other local or international banks.
• Interest paid at maturity
• Preferential exchange rates can be given for larger sums deposited. Customers are able to apply for an overdraft or loan facility up to an agreed percentage of the sum deposited

Fee and charges

Each withdrawal penalty will apply

Interest Rates for Fixed Deposits (AED & USD)

Documents Required

• Valid copy of passport and Emirates ID
• Copy of valid residency visa for expatriates
• Complete an application form and provide other identification documents as requested by the bank

Terms and Conditions for Individuals and Sole Proprietor Establishments

Key Facts Statement