Deposit account
Deposit account:
The deposit account gives you fixed interest calculated after the end of the deposit period and according to the client’s request, either monthly/quarterly/semi-annual/yearly, and the client can invest his money in a safe way with the possibility of withdrawing partially or completely at any time.
Beneficiaries of the service?
Wealth owners and individuals who have financial savings and wish to employ them and benefit from the returns.
Advantages :
- Obtaining returns and profits on a regular and periodic basis.
- Reduce the decline in monetary value by increasing the return.
- Investing money in safe and income-generating activities.
- Open the account without fees.
- Internet Banking Services.
- Mobile banking services (NBY Mobile, SMS Banking).
- Obtaining banking facilities against the security of the deposit.
- Withdrawals via secured credit cards.
- You can choose from currencies and time periods.
- The rate of return is estimated at (15%) annually for the Yemeni riyal.
- The possibility of investing as an individual or as a company or institution.
- Get cumulative benefits.
- The ability to withdraw the deposit amount partially or completely at any time.
Minimum amount to open an account:
The minimum amount to open the account is 500,000 Yemeni riyals or its equivalent in other accepted currencies.
Terms and Conditions :
Opening a current account.
The deposit amount starts from 500,000 Yemeni riyals.
Individuals over 18 years of age.
Individuals, whether citizens or residents.
deposit break:
Terms of deposit break:
In the event that the customer wants to break his deposit with the bank, he must submit a (request to break the deposit) to any of the bank’s branches, and the bank will break the deposit and immediately return the specified amount to the customer’s current account.
When can the deposit be broken?
The customer can break the deposit before the expiry of the specified period.
The customer loses the interest on the amount withdrawn from the deposit only.
