·
Salary Saving Accounts
A creative service helps employees
to save money.
It is a saving book, being opened without
a minimum balance for opening and being supplied
by a periodic transfer from the
current account of the client, and the deserved
interests on the account balance will be added three monthly to compute interests
on it for client in the next period. It is not possible to draw from it during
the first year, except for the exceptional cases.
Advantages of subscription:
- It is possible to pre-assign a specific amount of income for saving.
- Through standing transfer orders,
it is possible to temporarily cancel / modify / stop/ the standing
transfer order at any time.
- The bank is not charging commission on preparation or execution the standing transfer orders.
- The interest being added every 3 months to compute additional interest on it for client in the next period.
- It is possible to have a temporary overdraft under the guarantee
of the account and with low interest rate
- In addition to many other advantages…..
Conditions of the service:
- The salary of the customer should
transfer monthly to his account in the bank through his employer
- In case the customer draws from his
account before 12 months of the account opening, he will lose the deserved interests
of that three months.