NBQ Fixed Deposits:
National Bank of Umm Al Qaiwain (NBQ) is a bank in UAE that offers retail and commercial banking solutions to its customers. Among their deposit offerings they have NBQ Time Deposits that offer attractive interest rates.
NBQ FDs have the flexibility to suit your financial goals. The customers can choose their maturity period, rollover facility to renew deposit at maturity or adding a lump sum amount when it is due for renewal.
NBQ Fixed Deposits: Benefits & features
NBQ fixed deposits, which come in regular FD and USD FD variants, have the following features and benefits:
NBQ Fixed Deposits
- Attractive rate of return
- Option to open accounts in all major currencies like AED, USD, Euro and GBP
- Automatic renewal facility
- At renewal, addition of lump sum amounts
NBQ USD Fixed Deposits
- High returns that are guaranteed
- Minimum amount USD 5,000, maximum USD 250,000
- Personal Loan / Overdraft /Credit Card facilities available against Fixed Deposits
NBQ Fixed Deposits: Eligibility criteria
UAE nationals, resident expatriates and non-residents above 21 years can open FD accounts with NBQ. However, terms and conditions vary from time to time.
What is a Fixed Deposit?
A fixed deposit is a traditional term deposit with a bank. The funds are locked in for a fixed term or tenor and the depositor earns interest for depositing the funds with the bank. This is considered a safe investment avenue for depositors who desire a regular return without putting their surplus funds at risk. Fixed deposits pay the promised interest rate as agreed during start of term, and the returns are not linked to market fluctuations.
About National Bank of Umm Al Qaiwain (NBQ)
NBQ (The National Bank of Umm Al Qaiwain PSC) was established 23 years ago in UAE. After a change of name from the National Bank of Umm Al Qaiwain 10 years ago, the bank repositioned itself as a modern, technology driven bank poised to offer the latest banking products and services. The bank’s largest promoter and shareholder is the Government of Umm Al Qaiwain.
NBQ now has 30 branches including electronic banking units spread across UAE. The bank has specialized products and services to suit every individual’s or business’ needs--from trade and treasury services to special savings schemes for children.
NBQ strives at leveraging technology to serve its customers better. In 2010, NBQ upgraded its IT Data Center to use cutting-edge technology to support its banking services.
Other products offered by NBQ are: