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Enjoy best competitive interest rates with BankDhofar long term deposit account
July 8, 2020 | 4:09 PM
by Times News Service
Photo: Supplied
 
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Muscat: As part of its endeavour to provide the best banking experience for customers and fulfil their needs, BankDhofar provides the chance for customers to secure their future through long term deposit account.

The account ensures peace of mind for customers when it comes to fulfilling their retirement dream, or achieving their childhood dreams for higher education, with the best competitive interest rate in the Sultanate.

Dr Tariq Taha, Chief Retail Banking Officer noted, "At BankDhofar, we are eager to provide our customers with the best services, products and financial solutions. Keeping in mind that financial plan for future is essential, we are providing our customers with long term deposit account, through which they may save a monthly amount for a specific period and get an increased amount rate after the deposit period. Customers may save to fulfil their retirement dream with the retirement plan or their children higher education dream with the education plan."

With the long term deposit account, customers may save a monthly amount for a specific deposit period and enjoy additional credit facilities. Customers may go for the education plan, to save for the children's higher education, and benefit from the interest rate of up to 5.5 per cent. For example, if a customer saves OMR 50 for 18 years, the amount will be more than OMR 18,000 at the end of the period and the customer will get interest amount of more than OMR 7,000.



For the retirement plan, customers may save a minimum monthly amount of OMR 25 for up to 10 years, and benefit from the additional amount on their savings at an interest rate of up to 4.7 per cent.

For example, if a customer starts saving a monthly amount of OMR 50 for 5 years, the amount will be more than OMR 3300 at the end of the period and the customer will get interest amount of more than OMR 320.



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