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which banks offer the highest interest rates for short-term cash deposits?

vjared's picture
By vjared - Posted on May 8th, 2009
Tagged:  

I am mainly interested in a fixed deposit account for 6 months maximum.

Thank you.

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demmers's picture
An E-Saver account with
Submitted by demmers on 8 May 2009 - 2:16pm.

An E-Saver account with HSBC.... pays 3.5%

barrym's picture
ADCB is now offering 5%
Submitted by barrym on 8 May 2009 - 4:48pm.

ADCB is now offering 5% annual interest rate (It was 7% a month ago)

johnniew's picture
demmers, isn't HSBC giving
Submitted by johnniew on 8 May 2009 - 7:31pm.

demmers, isn't HSBC giving 5%??

demmers's picture
check your statements my
Submitted by demmers on 8 May 2009 - 8:15pm.

check your statements my dear johnniew. You are in for a big surprise... IT WAS 5%!! But no more! Sad

kavalas's picture
i know of a case where a
Submitted by kavalas on 8 May 2009 - 9:26pm.

i know of a case where a company uses HSBC with a business account. A person resigned and was due 20,000 AED for leaving - gratuity or whatever its called, some accrued payments, unused holidays, etc.
HSBC transferred 20,000 USD into his account instead of AED from the company account.
The guy left the UAE on next day flight. Nobody knows anything about him since that poitn. The company is still trying to convince HSBC to return the difference back to their account.

Incredible, yea?

fujimoto's picture
Mashreq Bank is offering a
Submitted by fujimoto on 23 May 2009 - 1:14pm.

Mashreq Bank is offering a yearly 5.5% interest on their Easy Saver accounts. (You can also get saving certificates from them worth 1,000 dirhams. These certificates bear no interest but offer you a chance to win a million dirhams every month.)