Last Updated on 09 December 2025
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Mashreq Fixed Deposit Account
Fixed Deposit Account
Features
- Tenure options range from 1 month to 2 years.
- Offers competitive interest rates for higher returns than regular savings accounts.
- Available in multiple currencies: AED, USD, EUR, and GBP.
- Can be opened and managed entirely through online banking or the mobile app.
- Requires a minimum deposit of 2,500 in any supported currency.
- Minors can open a Fixed Deposit with a guardian.
- Existing Mashreq customers can open the deposit instantly and paper-free.
- Allows early withdrawal, with interest adjusted based on the bank’s early withdrawal rules.
- The minimum deposit requirement is AED 2,500 / USD 2,500 / GBP 2,500 / EUR 2,500, and for all other currencies, it is the equivalent of AED 10,000.
- AED FD rates: Start at 0.92% (1 Month) and go up to 1.71% (1 Year) and 1.60% (2 Years).
- USD FD rates: Start at 1.05% (1 Month) and go up to 1.81% (1 Year) and 1.70% (2 Years).
- GBP FD rates: Start at 1.15% (1 Month) and go up to 2.01% (1 Year) and 1.93% (2 Years).
- EUR FD rates: Start at 0.43% (1 Month) and go up to 1.23% (1 Year) and 1.21% (2 Years).
- Note: Fixed Deposit interest rates are updated weekly by Mashreq and may change anytime. The confirmed rate will be provided at booking. Rates are quoted as Annual Equivalent Rates (AER), with interest accruing daily, and once booked, the rate stays fixed for the full tenure.
Main Benefits
- Guaranteed returns — you know in advance what interest rate you’ll earn over the deposit term, providing stability and predictability.
- Low risk and minimal exposure to market fluctuations — your funds are safe and not linked to volatile markets.
- Flexibility to choose from short‑term to medium‑term tenures (1 month up to 2 years), matching the deposit to your savings goals.
- Option to use multiple currencies (AED, USD, EUR, GBP), offering flexibility for international dealings or future planning.
- Ease of access — you can open and manage the deposit online or via mobile banking if you already have a Mashreq account, with no paperwork or branch visits needed.
- Accessibility for minors (with a guardian), allowing early savings for younger account holders.
Frequently Asked Questions
Q. What currencies are supported for the Fixed Deposit?
A. AED, USD, EUR, and GBP.
Q. What is the minimum amount required to open a Fixed Deposit?
A. The minimum is 2,500 in the selected currency AED, USD, EUR or GBP.
Q. Can a minor open a Fixed Deposit account?
A. Yes — a minor can apply with a guardian involved.
Q. Do I need an existing Mashreq account to open the deposit?
A. Yes — you need an active Mashreq Current or Savings Account.
Q. What is the range of tenure options for a Fixed Deposit?
A. You can choose from 1 month up to 2 years, depending on your savings goals.
Q. Can I withdraw my funds before the maturity date?
A. Yes — early withdrawal is allowed, but interest is recalculated at 2% below the original applicable rate. If the completed‑tenure rate was 2% or less, no interest is paid.
Q. Is the interest rate fixed or variable?
A. The interest rate is fixed for the chosen tenure, giving you predictable returns.
Q. Can I partially withdraw my Fixed Deposit?
A. No — Fixed Deposits must be withdrawn as a full amount. Early withdrawal of part of the deposit is not allowed.
Q. What happens at maturity?
A. At maturity, the principal along with the earned interest is paid out. You can choose to withdraw the amount or roll it over into a new Fixed Deposit.
Q. Is there an option for auto-renewal?
A. Yes — you can set your deposit to automatically renew for the same tenure at the prevailing interest rate unless you choose otherwise.
Q. How is interest paid?
A. Interest can be credited to your Mashreq account monthly, quarterly, or at maturity, based on the deposit type selected.
Q. Can I manage my Fixed Deposit online?
A. Yes — you can open, view, and manage your Fixed Deposit through Mashreq Online Banking or the Mobile App without visiting a branch.
Mashreq
Mashreq Bank is a private sector bank established in 1967. It was started by Al-Ghurair Group and it also known as largest private sector bank. Mashreq Bank provides both retail and commercial services to their customers.
Mashreq provides a wide range of products and services that suits the needs of every customer. It works with an aim to provide their customers best banking experience and establish a good customer bank relationship. Mashreq Bank has marked its presence globally by starting their operations at regions like Bahrain, Egypt, Kuwait, Qatar. It also has branches in New York, Mumbai(India), London and Honk Kong.
Get in touch with Mashreq Customer Care