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"Convenience, flexibility and value-added benefits are the key features of our product innovation process," explains Simon Clements, Senior General Manager, Retail Banking Group.
"We understand our customers' need for products that yield high returns while simultaneously offering easy liquidity. We are delighted to introduce the 'Flexi Deposit' Account which already has the distinction of being the first such deposit account to be offered by any bank in Kuwait."
The 'Flexi Deposit' Account allows customers one withdrawal of up to 30% of the initial principal amount without losing on interest or breaking the deposit. Customers can also similarly add up to 30% of the principle amount during the term of the deposit. Deposits are accepted in Kuwaiti Dinar with a minimum deposit amount of KD5000. Interest is paid on maturity of the term which ranges from three, six or twelve months duration.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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