Al-Rafidain Bank announces the increase in interest on deposits: rewarding financial returns

Al-Rafidain Bank announces the increase in interest on deposits: rewarding financial returns

2021.07.21 – 10:17

Al-Rafidain Bank announces the increase in interest on deposits - rewarding financial returnspeople – Baghdad

Rafidain Bank announced, on Wednesday, raising interest rates on deposits in its accounts to encourage citizens to deposit their money.

And the bank’s media office said in a statement that “Nass” received a copy of it (July 21, 2021), that “the opening of saving and current accounts for citizens is in the bank’s branches in order to deposit their money in the bank instead of hoarding it in homes and obtaining rewarding financial returns.”

The bank confirmed, “increasing the interest rate on deposits for a period of six months to become 4.5 percent, as well as increasing the interest rate on fixed deposits for a period of one year to reach 5.5 percent.”

The statement added, “The interest rate on deposits for two years was increased to 6.5 percent.”

nasnews.com