Notice Account

About

If you are looking for attractive returns on your deposit with the option of partial withdrawal, the NBK Notice Account is all what you need. The account is a new savings product tailored for NBK's Premium and Business Banking Customers giving them the opportunity to deposit in the account at any time as well as the ability to make a partial withdrawal by submitting a withdrawal notice. The notice period is based on the type of the NBK Notice Account you open at the branch (35 days, 65 days or 95 days).

Who is this for?

This account is especially designed for Premium and Business Banking Customers.

What Do I Get?

1. You can deposit in the account at any time

2. Attractive interest rates compared to normal savings accounts

3. The ability to withdraw the chosen amount upon submitting a notice

What makes it special?

You have the flexibility to deposit any time, withdraw with a notice and at the same time enjoy attractive interest rates.

How do I get it?

• Visit an NBK branch to open the account. 
• The minimum amount to open the account is KD 5,000
• Submit a written notice of minimum 35 days before making any withdrawal or closing the account 
• Nominate an account, where the withdrawn amount and interest earned need to be credited to

Interest rates

• 35 Days-Notice Account: 3.7500%
• 65 Days-Notice Account: 3.8750%
• 95 Days-Notice Account: 4.0000%

No fees applied on the account.

Tell Me More

In case you request to make a partial withdrawal or close the account without submitting a notice, then you will lose the interest on the total balance for that period of interest payment.

FAQs

1. When can I deposit in the account?

   At any time through your branch or NBK Online Banking.

2. What is the minimum notice period to withdraw the funds?

   35 days, and the funds will be transferred automatically to the settlement account as selected at time of opening the account.

3. How many withdrawal notices can I place?

   3 active notices at any time.

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