Certificate of Deposit
Key Benefits
Direct access to deposited funds
Ability to obtain a Visa Electron card
Ability to obtain credit facilities
Sending and receiving remittances
Extra Benefits
The certificates of deposit product is considered one of the most distinctive in the banking sector because it is characterized by clarity and convenience. A certificate of deposit is a security issued at a nominal value in exchange for customer deposits and is issued in different values and terms (short and medium terms) and is not recoverable.Our bank provides a certificate of deposit with the following characteristics:
| Issuance Domination | IQD 1,000,000 (one million Iraqi dinars) |
| Maturity Date | One year after the date of issuance |
| Customers allowed | existing clients or new potential clients |
| The interest rate on certificate of deposit | 7.5% Annually |
| Partial liquidation of the certificate of deposit | not possible |
| Borrowing against the CD | Available at an interest rate of 3% |
