Unfixed Deposits

The Unfixed Deposit Account from Mashreq is the first of account of this type in the region. It is one deposit, made up of many internal units of AED 1000.  If you need funds for an emergency, you can choose the number of units that you require and these will be encashed and deposited to your account.  The balance of your deposit will continue to earn interest at the agreed rate. 

Demonstrating our ongoing commitment to customer focused innovation, this account gives you attractive rates of interest and complete flexibility to witdraw your money at any time. 

With the Unfixed Deposit from Mashreq you can

• Make investments starting at AED 10,000 in AED and US$ 2,500
• Get flexible time periods ranging from six months to five years
• Get higher interest rates with the flexibility to withdraw funds in units of AED 1,000 or US$250 when needed.  The interest paid on early withdrawals will be 2% less than the regular rate
• Get a Gold Credit Card with no annual fees for the first year
• Get an overdraft facility of up to 95% of the value for your AED deposits and 90% of your US$ deposits.
• Get overdraft rates at 2% above deposit rate if tenor less than 2 years and 1% above deposit rate for more than or equal to 2 years