Excellence is making the right investments!
If you’re looking for investments that guarantee rich returns without the risk, Bank Sohar has designed just the right investment vehicle for you; the Al Mumayaz Term Deposit Account.
As a zero-risk, high-return investment plan, Bank Sohar’s Term Deposit Accounts offer you the option to invest in a choice of currencies - Omani Riyals, US Dollars, Sterling Pounds, Euros and the Japanese Yen, at different tenors to suit your requirements. The account can be opened individually and jointly by residents of Oman and Omani non-residents including individual businessmen, business and commercial establishments, corporate organizations, institutions, government and semi-government organizations and charitable trusts.
Unique Features and Benefits
- Minimum opening deposit amount as low as OMR 1,000/-
- Opportunity to earn higher returns at 0% risk
- Standing order facility for payment of interest and principal amount
- Free-of-cost transfers of funds to various other accounts within Bank Sohar
- Power of Attorney facility for account operation by third parties
- Loan against deposits to meet ultra short term requirements
With a Term Deposit Account at Bank Sohar, you have the option to choose the investment tenure that suits your requirement as well as your interest payment plan; whether monthly, quarterly, half-yearly, yearly or on date-of-maturity. All this goes to ensure that you enjoy the benefits of an investment account designed around your needs in more ways than one.