Top Banks for fixed deposits – March 2021

Mar 4, 2021 by AmwalCom

Fixed deposits are considered as one of the safest and easiest methods for investment as the return is higher than that of the savings account but less than that of the certificates of deposit.
Earnings depend on the amount deposited and the term period. The higher the amount and the longer the period, the higher the earnings.
In this article, we present the top banks with the highest interest rates for deposits for amounts up to 50,000 JDs and for a year term period.

1- Bank Al Etihad

• Yearly Interest rate: 3.5%
• This rate remains fixed on all amounts
  

2- Société Générale

• Yearly Interest rate: 3.25%

3- Safwa Islamic Bank

• Profit rate of 3.22% distributed in the fourth quarter of 2020

4- BLOM

• Yearly Interest Rate: 3% for amounts between 25,000 and 100,000 JDs
• Yearly Interest Rate: 2.5% for amounts between 5,000 and 25,000 JDs
  

5- Jordan Commercial Bank

• Yearly Interest rate: 2.625%

6- Jordan Kuwait Bank

• Yearly Interest Rate: 2.5%

7- Arab Jordan Investment Bank (AJIB)

• Yearly Interest Rate: 2.4% for amounts between 20,000 and 70,000 JDs
• Yearly Interest Rate: 2.15% for amounts between 5,000 and 20,000 JDs
  

**To understand the difference between fixed deposits and the certificates of deposit you can watch the following video: https://fb.watch/3-np18nrtS/  
**All offers are subject to the banks’ terms and conditions
** Data was collected through the different customer care centers of the listed banks
** Article is not sponsored by any entity