·        Monthly Return Saving Account

Are you looking for a monthly return on your funds?

Are you seeking a flexible method to replenish your bank balances and savings without affecting the monthly returns derived therefrom?

Do you know the difference between the "Fixed Deposit and Saving Account"?

Here is CAC Bank Monthly Return Saving Service:

Identification of the Service:

It is a saving Account that accords the customer the opportunity of procuring a monthly return on his savings and, at the same time, the ability to draw and deposit amounts in a flexible manner.

Conditions for having the Service:

§         The minimum level of the account balance is YR500.000 or US$3.000;

§         The maximum level of the account balance is YR10.000.000 or US$50.000;

§         In the event of drop of this balance below the prescribed limit, the Bank shall impose a fine at 1% of the account balance with regard to the month in which the balance has so dropped. The fine is deducted after crediting the customer's account with the interests due.

Characteristics and Advantages of the Service:

§         Crediting the current account of the customer with the interests due on his balance on monthly basis.

§         The possibility of free use of the permanent transfer orders to consolidate the balance of the Account.

§         The possibility of adding the monthly interests to the balance of the saving account to procure a return that exceeds any other saving accounts.

§         The possibility of procuring temporary loans on the guarantee of the account at low interest.

§         Drawing and depositing through any Branch of the Bank.

§         Receiving a free Intelligent CacCard, which enables the customer to perform all his purchases through any sale point in the Republic.

§         Interests are calculated on the least balance during the month.

§         Possibility to transfer the interests due to replenish the CacCard.

§         Competitive interest rates.