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AL-MAWARID Bank and Allianz SNA create a new Bancassurance partnership for the Retirement and Education Saving plans
Saving Accounts

Financial security is one of your concerns, and one of the best ways to make your money more valuable is saving through an interest-earning deposit account.

AL-MAWARID Bank offers three types of deposit accounts that help you achieve your saving goals:

Easy Save
This account allows you to access your savings when you need them while earning interest and having no restrictions on deposits or withdrawals.

• Opening Balance: USD 700 (or equivalent)
• Age: 18 & above
• Interest Maturity: Semi-annually
• Account Movement: Anytime
• Passbook: Free
• Transaction Fee: First 6 transactions for free each month

Capital Save
This account allows you to earn a higher interest, while offering flexible term periods to suit your financial needs.

• Opening Balance: USD 1000 (or equivalent)
• Age: 18 & above
• Interest Maturity: 1 month, 3, 6 or 12 months
• Account Movement: At maturity
• Passbook: Free
• Transaction Fee: Free

Deal Account
With its high interest rate and long maturity period reaching 36 months, the Deal Account is the best deal for the best return! Also, you can enjoy a credit facility of up to 90% of the total deposit amount.

• Currency: USD
• Opening Balance: USD 25,000
• Age: 18 & above
• Interest Maturity: 3, 6, 12, 24 or 36 months
• Account Movement: At maturity
• Transaction Fee: Free