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Term Deposit


Whether you’re saving for a few months or years, term deposits are a popular way to invest your hard-earned cash. Feel confident knowing the fixed rate of return on your savings with our Credit Bank of Iraq Term Deposit. It’s simple, safe and reliable, offering a return over flexible period.

Who is it for?

To open an Credit Bank of Iraq Term Deposit Account, you must be 18 years old and above.

What Do I Get?

  1. Get competitive interest rates on your savings – Credit Bank of Iraq provides an interest calculator to help you calculate the interest you will earn

  2. Enjoy the convenience of CBI Online Banking for viewing and managing your account

  3. Get a Credit Bank of Iraq Debit Card against your Credit Bank of Iraq Term Deposit.

What makes it special?

  • Guaranteed attractive interest rates – With the trusted and secured CBI services 
  • Once you have opened the account, the interest rate quoted at that time will be locked in for the duration of the tenor chosen (unless early breakage occurs).
  • Ability to open the term deposit in different currencies 

How do I get it?

You can open the term deposit with different maturity periods: 3 months, 6 months or one year.

Interest rates

All interest rates are subject to change. Please refer to our bank tariff.


  1. How is interest calculated?

    Interest is calculated based on the time period and the amount of the deposit.

  2. What are the interest rates for foreign currency deposits?

    Please refer to our rate table.

  3. How do I change my Credit Bank of Iraq Term Deposit?

    Any instructions given from you related to your deposit, like closing it or amending the amount and/or period, should be through Credit Bank of Iraq by calling or visiting the nearest branch and must be done 48 hours before maturity date.