savings
Unfixed Deposit

A unique Deposit Account

Allows partial withdrawals

Flexible time periods

6 months – 5 years

No pre-encashment fees

Free of charge/No penalties

Easy booking & withdrawal

Through Mashreq Online or Mashreq Mobile

No pre-encashment fee

Simply choose the amount (in units of AED 1,000 or USD 250) you need and it will be encashed to your account absolutely free of charge. Your remaining balance continues to earn interest.
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.
flexible

Available in foreign currency

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

interest every month
online banking
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 If you need funds for an emergency, units can be withdrawn from the deposit and credited to your linked account.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.
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
AED 10,000 or USD 2,500
Mashreq Account
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
And finally, Fill in the application form.
Terms & Conditions, click here.

Are you ready to apply?

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 AED 10,000 or USD 3,000
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

No withdrawal permitted before 6 months (partial or full). Premature penalty waived off on any withdrawals post 6 months.


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