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Time Deposit

Whether you are looking for a short-term investment or a long-term one, you will find what you need with MIDBANK time deposits

BENEFITS:

 

  • Time deposit is offered for a fixed period of time (starting from one week and up to one year), where a fixed amount is deposited with a fixed interest rate and maturity date

  • Time deposits are available to individuals and corporate customers

  • Interest is deposited to any of the customer’s accounts

  • Automatic renewal is optional upon customer’s request

  • It allows you to withdraw a part of the deposit during validity when needed without penalties to the remaining value, which continues with the same interest rate until maturity date

  • Interest is earned at maturity for time deposits starting one week and up to one year

  • You can borrow up to 90% of the deposit