Benefits

• Business Savings account with a competitive interest rate
• Facility to issue checks and make payments
• Incentive for saving money in the account
• Anytime access to funds when required by the business
• Free standing order can be set up to transfer money to the savings account on a monthly basis
• Available in KD and other major currencies

Features

• Tiered interest rate applies. The higher the balance in the account, the higher the interest rate derived
• Interest is calculated on the daily balance and added to the account monthly
• Provides a check book facility to issue checks
• Minimum account opening balance is KD 10,000
• Maintain a minimum balance of KD 10,000 to earn interest
• No limit on deposit amount
• Only three debit transactions are allowed during a month or no interest is received
• Account can be blocked to be used as collateral for loans

Opening Deposit

• KD 10,000

Charges

• Tiered interest. The higher the balance kept in the account, the higher the interest rate
• Minimum maintenance balance is KD 100 (KD 2 will be charged if balance falls below KD 100)