Top 6 Term Deposits in March 2021 | Faydety

Top 6 Term Deposits in March 2021

Top 6 Term Deposits in March 2021

The annual deposit is considered the best solution if you need to save your money for a short period

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 March 2021:

 

1- Bank Audi 

 

Duration: one year

Interest Rate: 8.00%

 

 2- Attijariwafa Bank

 

Duration: one year

Interest Rate: 7.00%

 

3- BLOM Bank

 

Duration: one year

Interest Rate: 6.25%    

      

There is no limit to the amount deposited in the TDs

 

4- Crédit Agricole

 

Duration: one year

Interest Rate: 6.00%

         

5- Arab African International Bank 

 

Duration: one year

Interest Rate: 5.50%    

      

6- Arab Bank

 

Duration: one year

Interest Rate: 5.50%