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ila's Fixed Deposit
ila's Fixed Deposit is a new account offered by ila Bank that will enable you to save in BHD or USD and earn competitive interest rates based on the amount and period selected.
You can easily open a Fixed Deposit using the ila Bank app!
What benefits do I get from using the Fixed Deposit account?
Convenience
Open a Fixed Deposit, fund it and choose your preferred period and interest rate, seamlessly through the ila Bank app.
Transparency
Track your 'Fixed Deposit' performance and watch your money grow from anywhere, at anytime from the ila Bank app!
Rates for Fixed Deposit in BHD
 ila Classic | 1 Month | 3 Months | 6 Months | 1 Year |
|---|---|---|---|---|
BHD 500 - 50,000 | 2.05% | 2.85% | 3.35% | 4.50% |
BHD 50,001 - 100,000 | 2.85% | 3.35% | 3.85% | 4.70% |
BHD 100,001 - 500,000 | 3.65% | 4.35% | 4.55% | 5.30% |
BHD 500,001 - 1,000,000 | 4.30% | 4.70% | 5.05% | 5.60% |
 ila Premium | 1 Month | 3 Months | 6 Months | 1 Year |
BHD 500 - 50,000 | 2.25% | 3.05% | 3.55% | 4.70% |
BHD 50,001 - 100,000 | 3.05% | 3.55% | 4.05% | 4.90% |
BHD 100,001 - 500,000 | 3.85% | 4.55% | 4.75% | 5.50% |
BHD 500,001 - 1,000,000 | 4.40% | 4.90% | 5.25% | 6.00% |
Rates are quoted on per annum basis and are effective September 2023. Subject to change based on market condition. | ||||
Rates for Fixed Deposit in USD
 ila Classic | 1 Month | 3 Months | 6 Months | 1 Year |
|---|---|---|---|---|
USD 1,500 - 150,000 | 2.05% | 2.85% | 3.35% | 4.60% |
USD 150,001 - 250,000 | 2.85% | 3.35% | 3.85% | 4.80% |
USD 250,001 - 1,250,000 | 3.65% | 4.35% | 4.65% | 5.40% |
USD 1,250,001 - 2,500,000 | 4.40% | 4.80% | 5.15% | 5.70% |
 ila Premium | 1 Month | 3 Months | 6 Months | 1 Year |
USD 1,500 - 150,000 | 2.25% | 3.05% | 3.55% | 4.80% |
USD 150,001 - 250,000 | 3.05% | 3.55% | 4.05% | 5.00% |
USD 250,001 - 1,250,000 | 3.85% | 4.55% | 4.85% | 5.60% |
USD 1,250,001 - 2,500,000 | 4.50% | 5.00% | 5.35% | 6.00% |
Rates are quoted on per annum basis and are effective September 2023. Subject to change based on market condition. | ||||
• Open a Fixed Deposit easily from the ila Bank app.
• Lock your savings and reach your goals faster!
• Deposit your money and watch it grow while you rest.
• View all available interest rates before creating a Fixed Deposit.
• Track your Fixed Deposit growth as days goes by.
• Automate your Fixed Deposits with our 'Auto Renewal' feature.
Auto Renewal Feature
Worry less about having to create a Fixed Deposit every time it matures.
With our 'Auto Renewal' feature you can renew your Fixed Deposit automatically!
You will have the choice to either auto renew with your deposit amount or the amount along with the interest you earned.
Enable or disable the 'Auto Renewal' setting any time before the maturity of your deposit.
How do I open a Fixed Deposit?
- Tap on the “Savings” tab and then on "Fixed Deposit".
- Select an account to fund your Fixed Deposit (BHD or USD Account).
- Enter the deposit amount and select the deposit period.
- Enable/ disable the 'Auto Renewal' Feature.
- Review your Fixed Deposit and tap "Continue".
That's it! Now you can rest while your money grows with ila's Fixed Deposit.
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