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Deposit interest rates hit rock bottom
By JT - Jul 09,2016 - Last updated at Jul 09,2016
AMMAN — The Central Bank of Jordan (CBJ) figures revealed that the interest rate on deposits, extended by licensed banks operating in the Kingdom, are at the lowest level in more than five years.
Customers who have a savings account or a call deposit receive less than 1 per cent in interest, while those who have a time deposit account, held for a specific duration, may get an interest rate of 3.2 per cent, according to the CBJ figures.
The CBJ data also showed that the credit interest rate offered to the best clients was 8.39 per cent at the end of May 2016.
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