·
Al-Bra'aem (Children)
Saving Account:
A new service that
aims at implanting the habit of saving into our future generations and assist parents
prepare for prospective needs of their children.
This service was
specially prepared to suit minors in accordance with the following
privileges:
§
Possibility of opening
the account in Yemeni Riyal or any other major currency
§
The account
is opened,
and the saving book is issued in the name of the minor and bearing his/her
photograph
§
The account is managed
either by the father or mother of the minor in accordance with a birth certificate or a familial ID
§
The minor starts managing
the account up on attaining the legal age
§
A minimum opening balance
of YR5000
§
Interests are calculated
monthly on the basis of the lowest balance during the month and credited to the account semi-annually. (at the end of June and December of each year)
§ Annual return rate is currently 13%
Requirements for opening the account:
§
Two photographs for
the minor and his guardian
§
Family Card or Birth
Certificate of the Minor