Unfixed Deposit

A unique Deposit Account

Allows partial withdrawals

Flexible time periods

6 months – 5 years

Partial withdrawals

Flexibility of withdrawing partial amount

Easy booking

Through Mashreq Online or Mashreq Mobile

Partial withdrawals

Simply choose the amount (in units of AED 1,000 or USD 250) you need without encashing your entire deposit. Your remaining balance continues to earn interest.

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.

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 If you need funds for an emergency, units can be withdrawn from the deposit and credited to your linked account.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.
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. Your remaining balance will still earn interest.
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
Customers who already hold an active Current or Savings Account with Mashreq
Age
Must be 18 years old and above. A minor (below the age of 18) can apply along with a guardian.

You will need

Absolutely no paperwork! Simply open the deposit account through Mashreq Online/Mashreq Mobile

Are you ready to apply?

Transparency

Terms & Conditions
Key Facts Statement
Deposit Rates

Still got questions?

The currencies available to apply for an Unfixed Deposit are AED & USD

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The minimum amount required to apply for an Unfixed Deposit is AED 10,000 or USD 3,000

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A minor can apply for an Unfixed Deposit along with a guardian.

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You must have an existing Mashreq Current or Savings Account to apply for an Unfixed Deposit.

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Interest rate Premature Withdrawal Rate
Please check on Mashreq Online/Mashreq Mobile or contact us on +9714 424 4444

Premature penalty of 2% will be applied on the partial withdrawal amount, while the remaining balance will continue to earn interest at the original/agreed rate.


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