UAE - Mubasher: Investors in the UAE have injected AED 15.25 billion in short-term deposits from three to six months in August, according to the Emirates News Agency (WAM).

The short-term deposits have attracted many investors seeking to achieve returns in a short period of time, as their interest rates are equal to that of a one-year term deposit, as shown by the latest statistics of the Central Bank of the UAE (CBUAE).

The balance of deposits from three to six months amounted to around AED 723.85 billion, accounting for about 74.8% of the total deposit balance at the CBUAE. 

The cumulative balance of three-month term deposits reached AED 559.25 billion in August, up 4.3% or AED 8.25 billion when compared to AED 551 billion in July.

As for six-month term deposits, the cumulative balance rose by 4.4% to AED 164.6 billion in August, compared to AED 157.6 billion in July.