Term Deposit

Account Opening and Eligibility

• A minimum deposit of 1,000,000 IQD is required to open a fixed-term account.
• This product is available exclusively in Iraqi Dinar (IQD).
• An active account required to be eligible for these terms.

Account Features

• Choose between a 6-month or 12-month deposit period to suit your financial goals.
• Earn a fixed annual return of 6% for a 6-month term or 6.5% for a 12-month term.
• Profit is calculated annually and paid out to you every month, providing a consistent income stream.
• Your monthly returns are transferred automatically into your RTB account.
• The interest rate is locked in at the start of your term, ensuring your returns remain stable regardless of market changes.

Fees and Charges

• There are no fees to open your fixed-term deposit account.
• The deposit must remain active until maturity. If the costumer breaks the deposit before maturity, the costumer will not qualify for the campaign incentive, and the standard early withdrawal penalty/interest adjustment will apply, subject to bank policy.
• All standard banking fees for maintaining your associated active RTB account still apply.
• Deposits are subject to the standard Iraqi Deposit Insurance regulations and any applicable government compensation limits.
• RTB reserves the right to amend terms in accordance with regulatory requirements and official bank policies.

Customer Obligations

• Customer must maintain an active RTB bank account throughout the entire duration of the deposit term.
• The deposit must meet the minimum requirement of 1,000,000 IQD.
• You are required to complete all necessary KYC (Know Your Customer) procedures and provide valid documentation as requested by the bank.
• You are expected to keep the funds deposited for the full duration of the selected term (6 or 12 months) to ensure the receipt of the specified monthly profits.
• You must comply with all standard banking terms and conditions, as well as Iraqi Deposit Insurance regulations.