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Fixed Term Deposit


With our Fixed Term Deposit, you can invest your funds with the assurance of knowing the exact amount of interest you will accumulate. Choose the length of your term and prepare to earn interest at a fixed rate.

Summary Box

Account name: Fixed Term Deposit
Currencies available: KWD, GBP, USD and EUR
What is the interest rate? View Interest rate information or download the Fixed Term Summary Box.
Can I withdraw money? Funds on a Fixed Term Deposit are not available for withdrawal until the maturity date of the deposit.
Can I make additional payments into my account? Once the Fixed Term Deposit is opened you cannot add any further funds to this however you can open additional Fixed Term Deposit accounts.
What happens when my Fixed Term Deposit matures? At the maturity of your Fixed Term Deposit, your deposit account will be closed and your funds and interest paid to your Current or Watani Super Account unless you have instructed us to reinvest some or all of your funds.
Can I cancel my Fixed Term Deposit? No, when you open a Fixed Term Deposit the cancellation period of 14 days does not apply.
Information about Tax: Interest will be paid without the deduction of tax Individuals who are UK tax payers may have to pay tax on any interest received that exceeds their Personal Saving Allowance Further information on Personal Saving Allowance can be found at https://www.gov.uk/apply-tax-free-interest-on-savings


  • You will need to be over 18 years old, and residing or with direct linkage with NBK Group Core countries: Kuwait, Saudi Arabia, United Arab Emirates, Bahrain, Egypt, Lebanon, and Iraq
  • You will need to have a NBKI Current Account
  • NBKI is no longer able to provide you with Current and Savings Accounts if you live in a country in the European Union (The EU currently consists of: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden) or European Economic Area (The EEA includes EU countries and also Iceland, Liechtenstein and Norway).

What Do I Need?

All what we require is that your existing Current Account is valid and your account information is up to date.

What Do I Get?

  • Fixed Term Deposit confirmation
  • Ability to track and manage your savings online
  • Direct customer support through your dedicated Relationship Manager. We are available to assist you in person or by phone Monday to Friday (excluding UK bank holidays) between 9:30 and 16:00 UK time
  • You can also reach out to us through your Relationship Manager in NBK Branches outside of the UK

What Makes it Special?

  • Earn a competitive fixed interest rate if you lock your money for 3, 6 or 12 months
  • Interest is calculated on your balance and paid monthly to your Fixed Term Deposit account at maturity unless you specify you want it credited to your same currency Current or Watani Super Account.
  • You can open a Fixed Term Deposit in KWD, GBP, USD and EUR
  • Available as sole or joint account, you can add joint account members to your accounts with NBKI
  • Authorise another person to operate the account for you under a Third Party Mandate

Terms and Conditions

Please read our Terms and Conditions and Tariff of charges for additional information on your rights and responsibilities when using the NBKI Fixed Term Deposit Account

Important Information

Online Banking is only available to NBKI Current Account holders and if you’re registered to use this services. Terms and Conditions apply. To maintain a quality service, we may monitor or record calls. Call charges may apply.