Flexible time periods
6 months – 5 years
No pre-encashment fees
Free of charge
Overdraft facility
For emergencies
No pre-encashment fee
Simply choose the number of units you need and they will be encashed to your Bank Account absolutely free of charge. 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.
Funds when you need them
Enjoy an overdraft facility of a maximum of 95% of the total value of your AED Deposit and 90% of your USD deposit.
A unique & flexible Deposit Account
The Unfixed Deposit Account is unique in the region. If you need funds for an emergency, units can be deposited to your account. Your balance will continue to earn interest at the agreed rate.
Fund withdrawal flexibility
Withdraw your funds in units of AED 1,000 (or any major currency equivalent) in times of emergencies. Your remaining balance will still gain 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
AED 10,000 or USD 2,500
Other requirements
A Current or Savings Account with Mashreq is mandatory
Age
21 years and above
You will need
A valid passport with a residence visa page for all expatriates.
A valid Emirates ID
And finally, Fill in the application form.
Terms & Conditions, click here.
Are you ready to apply?
Still got questions?
- The minimum amount is AED 10,000 or equivalent in USD
- Unfixed Deposit can be invested in AED and USD.
- No. The customer must have a Current or Savings account with Mashreq Bank
You may also be interested in
Fixed Deposit Account
A flexible Deposit Account that offer attractive rates of interest you would expect and the freedom to draw on your funds at any time.
Flexible time periods ranging from 7 days to 1 year
Free secured credit card/overdraft
Withdraw your Fixed Deposit at any time
Step-Up Saver Account
Step up your savings with higher returns combined with flexibility and convenience. Enjoy interest rates of up to 2.00%* per month. *Rates are subject to change
Accelerating interest month on month
Low premature withdrawal charges
Instant set up through Mashreq Online