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[size=36]Rafidain raises the interest of saving accounts for depositors their money[/size]
Economie| 10:09 - 17/04/2021
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Baghdad - Mawazine News
Al-Rafidain Bank announced, on Saturday, that the interest rate for citizens' saving accounts will be raised to 4.5 percent.
The bank’s media office said in a statement that Mawazine News received a copy of, that “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 4.5 percent".
The statement added: "The bank also decided to increase the interest rate on deposits for a period of six months to become 4.5 percent, and to increase the interest rate on fixed deposits for a year to 5.5 percent, in addition to increasing the interest rate on deposits for two years to become 6.5 percent."
He pointed out that "the bank decided to pay interest for fixed deposits to be granted in advance, provided that the citizen undertakes not to break it 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." Ended 29 / A 43
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