Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Select Bank

Min Salary

Interest/Profit Rate

Monthly Fee

Minimum Balance

Other Filters

CLEAR

Arab Bank Fixed Deposit account

Min Balance to Maintain

BHD 1000

Currency Account

Yes

BHD 1000

Minimum Balance

Yes

Currency Account

Hide Explore

National Bank of Bahrain Call account

Min Balance to Maintain

BHD 5000

Currency Account

Yes

BHD 5000

Minimum Balance

Yes

Currency Account

Hide Explore

Bank of Bahrain and Kuwait Fixed Deposit account

Min Balance to Maintain

BHD 3000

Currency Account

Yes

BHD 3000

Minimum Balance

Yes

Currency Account

Hide Explore

HSBC Bahrain Term deposit account

Min Balance to Maintain

BHD 1000

Currency Account

Yes

BHD 1000

Minimum Balance

Yes

Currency Account

Hide Explore

State Bank of India (Bahrain) Recurring deposit

Min Balance to Maintain

BHD 10

Currency Account

Yes

BHD 10

Minimum Balance

Yes

Currency Account

Hide Explore

Deposit account

A deposit account is usually known as Fixed Deposit is an account where you can deposit your funds and gain a decent rate of interest when compared to that of a savings account. If you have funds in a savings account that might not be utilized by you immediately and if you are not convinced with the rate of interest provided by a savings account, then deposit account is an amicable option to get switched to.

Benefits of a deposit account

  • Deposit accounts are a safe mode of investment when compared to others, which are risky though they provide high returns.
  • With deposit accounts, you can have flexibility in receiving the interest during the time of maturity, monthly, yearly etc.,
  • Easy withdrawal is also one of the of the benefits of a deposit account. You can withdraw the money you have deposited at any point of time depending upon your need but some banks charge a small fee on the withdrawal.
  • Competitive interest rates are also one of the added benefits of a deposit account.

Features of a deposit account

  • The tenure of the banks can vary from a period of 1 week to 5 years.
  • Most banks provide the opportunity to auto-renew the deposit.
  • Deposit account can be handled in multiple currencies in most of the banks in Bahrain
  • Loans are offered against the deposit account.

Eligibility criteria

  • Minimum balance required usually ranges from BHD 10 or multiples of BHD 10 to BHD 3000.
  • The account can be opened for a minor as well by his parent or guardian.
  • Both Bahrain residents and expats are allowed to have a deposit account.
  • Usually, a person with age of 21 and above is eligible to open a deposit account.

Documents required

  • Valid CPR/ Smartcard.
  • Valid Passport.