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Intro
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!
features
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

1

ila Classic

1 Month

3 Months

6 Months

1 Year

BHD 1,000 - 50,000

2.00%

2.80%

3.30%

4.00%

BHD 50,001 - 100,000

2.80%

3.30%

3.50%

4.20%

BHD 100,001 - 500,000

3.60%

4.00%

4.20%

4.80%

BHD 500,001 - 1,000,000*

3.80%

4.20%

4.50%

5.00%

2

ila Premium

1 Month

3 Months

6 Months

1 Year

BHD 1,000 - 50,000

2.20%

3.00%

3.50%

4.20%

BHD 50,001 - 100,000

3.00%

3.50%

3.70%

4.40%

BHD 100,001 - 500,000

3.80%

4.20%

4.40%

5.00%

BHD 500,001 - 1,000,000*

3.90%

4.40%

4.70%

5.20%

Rates are quoted on per annum basis and are effective September 2022. Subject to change based on market condition.

*For any amount over BHD & USD 1 Million, Please call us on +973 17 123 456.

Rates for Fixed Deposit in USD

3

ila Classic

1 Month

3 Months

6 Months

1 Year

USD 2,500 - 150,000

2.00%

2.80%

3.30%

4.00%

USD 150,001 - 250,000

2.80%

3.30%

3.50%

4.20%

USD 250,001 - 1,250,000*

3.60%

4.00%

4.20%

4.80%

USD 1,250,001 - 2,500,000

3.80%

4.20%

4.50%

5.00%

4

ila Premium

1 Month

3 Months

6 Months

1 Year

USD 2,500 - 150,000

2.20%

3.00%

3.50%

4.20%

USD 150,001 - 250,000

3.00%

3.50%

3.70%

4.40%

USD 250,001 - 1,250,000*

3.80%

4.20%

4.40%

5.00%

USD 1,250,001 - 2,500,000

3.90%

4.40%

4.70%

5.20%

Rates are quoted on per annum basis and are effective September 2022. Subject to change based on market condition.

*For any amount over BHD & USD 1 Million, Please call us on +973 17 123 456.

Benefits EN
• Open a Fixed Deposit easily from the ila Bank app.
• Lock your savings and reach you 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 EN
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 to
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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