Savings Account

About

You like balance - you like to save money on one hand and enjoy spending it on the other.

If you want to grow your earnings in the most convenient way possible, then we have the right account for you.

The NBK Savings Account offers a practical way to earn interest on your savings on a yearly basis, whilst maintaining your ability to withdraw and transfer money.

Who is it for?

To open an NBK Savings Account, you must be 18 years old and above.

What do I get?

1. Free Visa debit card

2. Access to over 650,000 ATM machines globally

3. Free NBK Online Banking

4. 24/7 access to NBK Call Center through 1801801

What makes it special?

• SMS Service - Subscription available upon request
• Unlimited Withdrawals - Make as many withdrawals as you like
• Competitive Interest Rates - Earn money back on your savings

How do I get it?

• The required opening amount for the NBK Savings Account is KD 500 or more for new customers; KD 100 or more for existing NBK customers
• No ongoing minimum balance is required

Interest rates

The interest rate on the NBK Savings Account is: 0.0625% per annum.

FAQs

1. How is the interest calculated?

   Interest is calculated monthly and credited to your account twice a year on the 31st of May and the 30th of November. The minimum balance to be eligible for interest is KD 500 (interest is calculated based on the minimum balance in the account during the month).

2. Can I open this account in other currencies?

   No, this account is available in KD only.

3. What happens if I stop using my account?

   If there is no activity on the account for 1 year, the account will go into a dormant status. If there is no activity on the account for 5 years or more, the account will go to unclaimed status.
   
   A KD 2 monthly fee will be charged to dormant and unclaimed accounts. You may visit any branch and reactivate your dormant and unclaimed account – a fee of KD 5 will be charged for all reactivations.

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