Term Deposit

About

Do you have extra money that you want to save in a safe place? NBK Term Deposit is all you need to earn interest over a determined period of time on your funds. 

Who is it for?

• To open an NBK Term Deposit Account, you must be 18 years old and above
• Account may be opened by an Individual or several Individuals

What Do I Get?

1. Start saving your money and earn interest every 1 month, 3 months, 6 months or annually 

2. Account can be opened in Lebanese Pounds or in any major foreign currency

3. Preferential interest rates compared to the super account

4. Advantage to get other products or services 

What makes it special?

• Guaranteed attractive interest rates – With the trust and security of banking with NBK
• Automatic renewal – Term Deposit is renewed at the end of each term unless you ask otherwise
• Stable interest rate – Once you have opened the account, the interest rate quoted at that time will be locked in for the duration of the tenor chosen (unless early breakage occurs)

How Do I Get It?

• Minimum opening balance is $5,000 or its equivalent
• Visit any NBK Branch in Lebanon or Kuwait to open the NBK Term Deposit

FAQs

1. How is interest calculated?

   Interest is calculated based on the time period and the amount of the deposit.

2. What are the interest rates for foreign currency deposits?

   Please refer to our rate table.

3. How do I change my NBK Term Deposit?

   Any instructions given from you related to your deposit, like closing it or amending the amount and/or period, should be through NBK Lebanon at 01759700, or by visiting the nearest branch and must be done 48 hours before maturity date.

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