Al-Rasheed calculates a higher interest rate for owners of high assets



Date added: 30/05/2017 - 18:33

Economy News _ Baghdad:

Al-Rasheed Bank announced on Tuesday that higher interest rates will be calculated for high net worth holders in all branches.

"The board of directors of the bank approved today, a study to increase the interest rate on savings account balances amounting to (50) million Iraqi dinars and above," the bank said in a statement.

"The interest is up to (5%) and comes in order to increase deposits and invest surplus and attract the largest number of customers, noting that the bank earlier decided to cancel the requirement of the definition of the profile and the geographical area to open a savings account."

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