Middle Eastern Banks and What Rates They Offer in Fixed Deposits in 2023

Fixed deposits are a popular investment option for many people even in the Middle East region. They offer a safe and secure way to invest money and earn interest. In this article, we will take a look at some of the top Middle Eastern banks and the rates they offer in fixed deposits in 2023.


Turkish Banks

Akbank is one of the largest banks in Turkey and offers a range of fixed deposit options. The bank offers a minimum deposit of TRY 1,000 with a term of 1 month to 1 year. The interest rates range from 1.25% to 3.50% depending on the term of the deposit.

Garanti BBVA is another popular bank in Turkey that offers fixed deposit options. The bank offers a minimum deposit of TRY 1,000 with a term of 1 month to 1 year. The interest rates range from 1.25% to 3.50% depending on the term of the deposit.


Iranian Banks

Bank Melli Iran is the largest bank in Iran and offers a range of fixed deposit options. The bank offers a minimum deposit of IRR 10,000,000 with a term of 1 month to 1 year. The interest rates range from 10% to 20% depending on the term of the deposit.

Bank Mellat is another popular bank in Iran that offers fixed deposit options. The bank offers a minimum deposit of IRR 10,000,000 with a term of 1 month to 1 year. The interest rates range from 10% to 20% depending on the term of the deposit.


Emirati Banks

Emirates NBD is one of the largest banks in the UAE and offers a range of fixed deposit options. The bank offers a minimum deposit of AED 10,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 1.50% depending on the term of the deposit.

Abu Dhabi Commercial Bank is another popular bank in the UAE that offers fixed deposit options. The bank offers a minimum deposit of AED 10,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 1.50% depending on the term of the deposit.


Saudi Arabian Banks

Al Rajhi Bank is one of the largest banks in Saudi Arabia and offers a range of fixed deposit options. The bank offers a minimum deposit of SAR 10,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.

National Bank is another popular bank in Saudi Arabia that offers fixed deposit options. The bank offers a minimum deposit of SAR 10,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.


Qatari Banks

Qatar National Bank is the largest bank in Qatar and offers a range of fixed deposit options. The bank offers a minimum deposit of QAR 10,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 1.50% depending on the term of the deposit.

Commercial Bank of Qatar is another popular bank in Qatar that offers fixed deposit options. The bank offers a minimum deposit of QAR 10,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 1.50% depending on the term of the deposit.


Kuwaiti Banks

National Bank of Kuwait is the largest bank in Kuwait and offers a range of fixed deposit options. The bank offers a minimum deposit of KWD 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.

Kuwait Finance House (KFH) is a pioneer in Islamic finance or Shari'a compliant banking. The interest rates offered by KFH on fixed deposits range from 0.50% to 4.500% depending on the term of the deposit.

Gulf Bank is another popular bank in Kuwait that offers fixed deposit options. The bank offers a minimum deposit of KWD 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.


Bahraini Banks

Ahli United Bank is one of the largest banks in Bahrain and offers a range of fixed deposit options. The bank offers a minimum deposit of BHD 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 1.50% depending on the term of the deposit.

National Bank of Bahrain is another popular bank in Bahrain that offers fixed deposit options. The bank offers a minimum deposit of BHD 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 1.50% depending on the term of the deposit.


Omani Banks

Bank Muscat is the largest bank in Oman and offers a range of fixed deposit options. The bank offers a minimum deposit of OMR 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.

National Bank of Oman (NBO). NBO offers a range of fixed deposit options with a minimum deposit of OMR 1,000 for a period of 1 month to 1 year. The interest rates offered by NBO range from 1.5% to 3.5% depending on the deposit amount and the duration of the deposit.

Bank Dhofar is another popular bank in Oman that offers fixed deposit options. The bank offers a minimum deposit of OMR 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.


Jordanian Banks

Arab Bank is one of the largest banks in Jordan and offers a range of fixed deposit options. The bank offers a minimum deposit of JOD 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.

Housing Bank for Trade and Finance is another popular bank in Jordan that offers fixed deposit options. The bank offers a minimum deposit of JOD 1,000 with a term of 1 month to 1 year. The interest rates range from 0.50% to 2.00% depending on the term of the deposit.


Egyptian Banks

National Bank of Egypt is the largest bank in Egypt and offers a range of fixed deposit options. The bank offers a minimum deposit of EGP 10,000 with a term of 1 month to 1 year. The interest rates range from 10% to 20% depending on the term of the deposit.

Banque Misr is another popular bank in Egypt that offers fixed deposit options. The bank offers a minimum deposit of EGP 10,000 with a term of 1 month to 1 year. The interest rates range from 10% to 20% depending on the term of the deposit.


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