Fixed Deposit Account
Save for a fixed period of time, earn high returns, and build your future.
Flexible Tenures, Higher Returns
A simple investment Fixed Deposit Account that offers safety, liquidity, and flexibility. Earn higher guaranteed returns based on the tenure that suits you, with no exposure to market risks.
Easy Application Process
Create a Fixed Deposit Account in less 1 minute!
- Log into the Mbank UAE App.
- Click on “Fixed Deposit Account”.
- Select the deposit amount and tenure.
- Set your payout plan and you are done!
If you don’t have an account with Mbank yet, scan the QR code to download the Mbank UAE app and get started!
Key Features
Attractive Interest Rates
Flexible Tenure
Easy Booking & Withdrawal
Automatic Renewal
Eligibility
- Must be a UAE Resident.
- Must be 18 years and above.
- Must hold a Current or Savings Account with Mbank.
- Must maintain a minimum balance of AED 5,000 in the Fixed Deposit Account.
All the answers. Right here.
Get all the answers you need to frequently asked questions.
-
What are the currencies available to apply for a Fixed Deposit?
Only the AED currency is available to apply for a Fixed Deposit.
-
What is the minimum amount required to apply for a Fixed Deposit?
The minimum amount required to apply for a Fixed Deposit is AED 5,000.
-
Can I apply for a Fixed Deposit without having a Current or Savings Account?
You must have an existing Mbank Current or Savings Account to apply for a Fixed Deposit.
-
What are the interest rates and fees applicable on my Fixed Deposit?
Kindly check the schedule of Fees and Charges and Key Facts Statement on our website and the Mbank UAE App, or contact us on 600571111 for more details.
-
Can I withdraw my funds before the term is completed?
Yes, you can withdraw your funds early. However, the interest payment on premature withdrawal of fixed deposits will be charged at 1% p.a., less than the interest rate that is applicable for the actual tenor and will be payable for the actual number of days the fixed deposit was maintained.