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
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):
With the new and recent regulations issued by the Central Bank in Jordan regarding the savings acc... Read more