Al-Rasheed Bank announces the payment of interest on fixed deposits with a quarterly return every three months.
Al-Rasheed Bank announces the payment of interest on fixed deposits with a quarterly return every three months.
9-14-2026
Al-Rasheed Bank announced on Monday that it has adopted the payment of interest on fixed deposits for the private sector (individuals) with a quarterly return every three months, with the annual interest to be divided into four periods, according to the term of the deposit. The bank explained in a statement that the interest rate is determined according to the term of the deposit, while the amount of interest due is deposited into the customer’s current or savings account, with the possibility of depositing the interest into the customer’s Mastercard in the future.
The bank also noted that if the deposit is withdrawn in whole or in part at the customer’s request, all interest paid to him will be refunded and deducted from the original amount of the deposit.
This procedure is within the controls of the fixed deposit product with quarterly returns, which allows customers to benefit from the returns periodically during the deposit period.
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