Top 6 Term Deposits in January 2021

Top 6 Term Deposits in January 2021

The Highest Term of Deposits at the beginning of 2021

TDS are saving instruments that are offered by most banks, whereby you deposit a certain sum of money with the bank with a period of less than one year, and they pay you an agreed upon interest rate.

 

If you are looking for a way to invest your money in a short period of time, Deposits /TDs are the best choice for you. A deposit’s duration ranges from one month to one year, and it always has a fixed interest rate, unlike the Certificate of Deposit which consists of 3 types of interest.

 

What do I need to apply for a Saving Deposit?

 

Generally, you only need two things:

  • Know Your Client “KYC” form
  • An account opening form to open your account

 

Here are the top 6 annual Term Deposits with the highest interest rate in January 2021

 

1- BLOM Bank

 

Duration: one year

Interest Rate: 6.25%          



 

2- Crédit Agricole

 

Duration: one year

Interest Rate: 5.75%



 

3- Arab African International Bank 

 

Duration: one year

Interest Rate: 5.50%          

 

Have you ever buy a TD?


 

 4- Attijariwafa Bank

 

Duration: one year

Interest Rate: 5.25%

 

5- Alex Bank

 

Duration: one year

Interest Rate: 5.25%



 

6- Arab Bank

 

Duration: one year

Interest Rate: 5.25%