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·        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