Unfixed Deposit

A unique Deposit Account

Allows partial withdrawals

Flexible time periods

6 months – 5 years

Allow partial withdrawals

Access your funds without breaking the full deposit

Easy booking & withdrawal

Through Mashreq Online or Mashreq Mobile

Flexible tenures

You can enjoy flexible tenures which range from six months to five years. This ensures that one tenure will suit your financial needs.

Available in foreign currency

Unfixed Deposits can be booked not just in AED, but in USD too. Competitive interest rates available.

Allow partial withdrawals

Choose the amount you need (in multiples of AED 1,000 or USD 250) and it will be credited to your account, while the remaining balance continues to earn interest at the agreed rate. Interest on the withdrawn amount will be subject to premature withdrawal terms as per the Schedule of Charges

A unique & flexible Deposit Account
The Unfixed Deposit Account is unique in the region. If you need funds for an emergency, units can be withdrawn from the deposit and credited to your linked account. The balance in the deposit will continue to earn interest at the agreed rate, Interest on withdrawn amount will be subject to premature withdrawal terms as per the Schedule of Charges
Existing Mashreq customers can invest through Mashreq Online/Mashreq Mobile at their convenience
Using Online/Mashreq Mobile is quick & simple
Fund withdrawal flexibility
Withdraw your funds in units of AED 1,000 (or USD 250) in times of emergencies, Interest will continue to be earned at the agreed rate on the remaining balance in case of partial withdrawal, while a 2% reduction in interest applies to the withdrawn portion or full withdrawal—where no interest is paid if the earned amount is 2% or less.
Free Online, Mobile & Telebanking access
It’s good to know there are several methods to access funds wherever you are in the world.

Eligibility

Minimum investment
2,500 AED or USD
Mashreq Account
Mashreq Gold customers who already hold an active Current or Savings Account with Mashreq Bank
Age
Must be 18 years old and above. A minor (below the age of 18) can apply along with a guardian.

You will need

A valid passport with a residence visa page for all expatriates.
A valid Emirates ID
Absolutely no paperwork! Simply open the deposit account through Mashreq Online/Mashreq Mobile
Terms & Conditions, click here

Are you ready to apply?

Transparency

Terms & Conditions
Key Facts Statement
Schedule Of Charges
Deposit Rates

Still got questions?

The currencies available to apply for an Unfixed Deposit are AED & USD
The minimum amount required to apply for an Unfixed Deposit is 2,500 AED or USD 
A minor can apply for an Unfixed Deposit along with a guardian.
You must have an existing Mashreq Current or Savings Account to apply for an Unfixed Deposit.
Interest rate Premature Withdrawal Rate
Please check on Mashreq Online/Mashreq Mobile or contact us on +9714 424 4444

Choose the amount you need (in multiples of AED 1,000 or USD 250) and it will be credited to your account, while the remaining balance continues to earn interest at the agreed rate. Interest on the withdrawn amount will be subject to premature withdrawal terms as per the Schedule of Charges

Download Mashreq’s Mobile App