| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
BiSB Savings Account
|
Minimum Balance: BHD 20 | Annual Fee: BHD 0 | Internet Banking: No | Features: Phone Banking, No Salary Transfer |
BisB’s Savings Account is designed specifically to meet the requirements of customers who authorize the Bank to invest their cash deposits. Customers can deposit or withdraw money at any time they wish. Profit is calculated on monthly average balances and credited to the customer account at half yearly at the rate declared by the Bank. The Bank’s profit sharing rate makes this account the best of its kind in the market.
BiSB Savings Account Features:
BiSB Savings Account Features:
- ATM card
- Interest rate starting from 0.25%
- Statement of account every 6 months.
- Phone Banking and Internet Banking services for transfers between accounts payments and more.
- Domestic and overseas money transfer service.
- For all accounts monthly internal transfer in favour of charitable societies free of charge.
- Standing order (Fixed monthly transfers).
- Possibility of opening the account in different branches.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
