Best certificate of deposit in Jordan (May 2021)

Best certificate of deposit in Jordan (May 2021)

May 13, 2021 by AmwalCom

It is worth considering saving your money as certificates of deposits instead of fixed deposits. This is because the profit obtained is lower for the latter assuming the same deposited amount. However, keep in mind that the terms of the certificates of deposit are stricter than those of the fixed deposits.

For example, you can bond the fixed deposits for a term period of a minimum of 1 month. On the other hand, term periods are usually much longer for the certificate of deposits. You can also break the fixed deposit before its maturity date by paying a penalty fee. This is not an option though for the certificate of deposits.

You can compare between fixed deposit and the certificate of deposit in this video.

Take into consideration not all banks in Jordan provide the certificate of deposits option. And those which do have different terms.

We have made the comparison for you and below you can find the best certificate of deposit offers in Jordan assuming a term period of 1 year (remember that this can go up to 3 years in some banks):

1- BLOM Bank:

  • Interest: 3.75%
  • Min. Deposit Amount: 5,000 JDs
  • Certificate can be bonded for 3 years at 4% interest

2- Capital Bank:

  • Interest: 3.75% for amounts > 10,000JDs
  • Interest: 3.5% for amounts < 10,000 JDs

3- Bank Al-Etihad:

  • Interest: 3.65%
  • Min. Deposit Amount: 5,000 JDs

4- Jordan Commercial Bank:

  • Interest: 3.5%
  • Min. Deposit Amount: 3,000 JDs
  • Certificate can be bonded for 3 years at 4.25% interest

5- Housing Bank:

  • Interest: 3
  • Certificate can be bonded for 2 years at 3.5% interest.
**All offers are subject to the banks' terms and conditions
**This article is not supported by any party

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