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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Al-Rafidain Bank raises the interest for savings accounts to 5 percent and fixed deposits to 7

chouchou
chouchou
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Al-Rafidain Bank raises the interest for savings accounts to 5 percent and fixed deposits to 7 Empty Al-Rafidain Bank raises the interest for savings accounts to 5 percent and fixed deposits to 7

Post by chouchou Mon 18 Jan 2021, 7:40 am

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Al-Rafidain Bank announced, on Monday, to raise the interest rate for citizens’ saving accounts to 5 percent and fixed deposits to 7 percent.

The bank’s media office said in a statement, which Al-Iktissad News received a copy of, “Based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate on savings accounts to 5 percent. After it was 4 percent, the bank also decided to increase the interest rate on deposits for a period of six months to become 5 percent and increase the interest rate on fixed deposits for a year to be 6 percent in addition to increasing the interest rate on deposits for two years to become 7 percent.

The bank added, “It also decided to pay interest for fixed deposits to be granted in advance, provided that the citizen pledges not to break and withdraw it, otherwise the interest granted will be deducted from the principal amount of the deposit, and this will be the basis for the comparison between the deposit and the savings account and the customer.” In the coming days. ”


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