Floating Medium term Time Deposit in USD “MyTD”

Floating Medium term Time Deposit in USD “MyTD”

Floating MyTD is a medium-term saving TD that provides you with monthly, quarterly or semiannual interest payments, while benefiting from the floating interest rate that will maximize your return.

Benefits:

  • Floating competitive interest rates throughout the TD duration
  • Ability to issue several TDs with different amounts, as there are no restrictions on the maximum number or amount of TDs
  • Automatic renewal is available, if requested
  • Ability to obtain information on your TDs by subscribing to QNB ALAHLI Electronic banking services
  • Offered to individual and corporate clients
  • Ability to break the TD after 6 months from its issuance date according to the announced breaking schedule

Features:

  • Available in USD only
  • Time Deposit tenor is 2 years
  • Interest Payment Frequency: Monthly, Quarterly & Semi-Annually
  • Minimum Issuance Balance is USD1,000 for individuals and USD5,000 for corporate clients
  • Client must have a valid current, checking, or savings account at the bank in USD

Terms and conditions apply