| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
CBK - Kuwaiti Dinar Saving Account
|
Minimum Balance: KWD 100 | Annual Fee: KWD 0 | Internet Banking: No | Features: No Salary Transfer |
At Commercial Bank of Kuwait we have a range of saving accounts which will satisfy your financial needs, they are available in multi currencies and have many outstanding features along with our famous Najma account, where you can have a daily chance of winning KWD 7,000
An interest earnings account with a fixed interest rate.
Eligibility:
An interest earnings account with a fixed interest rate.
Eligibility:
- Any individual customer.
- Minimum deposit to open account is KD 100/- with no maximum.
- Fixed interest rate will be accrued on a minimum monthly balance.
- Interest will be paid monthly
- No interest will be paid if the balance drops below KD 1000/-
- Salary may be credited to the account .
- The account entitles the customer to an ATM (Starlink) card, together with the privilege of applying for a consumer loan and access to other products.
- Convenient investments even for small amounts.
- The customer is unaffected by interest rate fluctuations.
- Interest will be paid semi-annually; May and November.
- The account can be blocked as collateral.
- Unlimited number of withdrawals and deposits .
- Standing instruction facilities are available.
** 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.
