KD/FC Fixed Deposit : Commercial Bank of Kuwait
Name of the Organization : Commercial Bank of Kuwait
Type of Facility : KD/FC Fixed Deposit
Country : Kuwait
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Website : http://www.cbk.com/en/retail-banking/index.cfm?c=182
KD/FC Fixed Deposit
What is it?:
It is a deposit of a fixed amount of money for a fixed period of time at a fixed interest rate.
Related : CBK Apply For Consumer Loan : www.statusin.org/5893.html
Who Qualifies?:
Any customer.
Why is the product used?:
To invest money.
Features
1. Minimum of KD 5000/- with no maximum
2. Range of maturity:
** From 1 month to 24 months.
** 1, 2, 3 weeks with a minimum of KD 25,000/-. For amount exceeding KD 250,000/- dealing room approval is needed.
3. Customer receives a non-negotiable certificate of deposit.
4. Interest paid upon maturity.
5. Fixed interest rate upon maturity.
6. Account can be opened by individuals, joint, private or public sectors.
7. Renewal facilities are available upon customer’s.
8. Terms and Conditions Apply.
Benefits:
** Profitable investment.
** Optional investment periods.
** Confirmation of deposit.
** Customer unaffected by interest fluctuations.
** The deposit can be blocked as collateral without the loss of interest.
Flexible renewal options:
** Renew principal plus interest
** Renew principal and credit interest to another account
** Renew principal plus interest and increase
** Reduce principal and renew.
Available for all investors.
FC Fixed Deposit:
What is it?:
It is a deposit of a fixed amount of money for a fixed period of time at a fixed interest rate.
Who Qualifies?:
Any customer.
Why is the product used?:
To invest money.
Features:
Available in US-$, GBP-£, EUR-€, JY-¥, and other major currencies.
A minimum of US$ 5,000/- or GBP-£ 5,000/- with no maximum; For minimum of other currencies refer to FD rates sheet.
Range of maturity period :
** From 1 month to 12 months.
** 1, 2, 3 weeks with a minimum equivalent of KD 25,000/-. For amount exceeding equivalent of KD 250,000/- dealing room approval is needed.
Customer receives a non-negotiable certificate of deposit.
** Interest paid upon maturity.
** If closed before maturity date, no interest will be paid.
** Fixed interest rate upon maturity.
** Account can be opened by individuals, joint, private or public sectors.
** Renewal facilities are available upon customer’s instructions.
** The bank reserves the right to accept or refuse premature cancellation of deposit.
** Terms and Conditions Apply.
Benefits:
** Profitable investment.
** Optional investment periods.
** Confirmation of deposit.
** Customer unaffected by interest fluctuations.
** The deposit can be blocked as collateral without the loss of interest.
Flexible renewal options:
** Renew principal plus interest.
** Renew principal and credit interest to another account.
** Renew principal plus interest and increase.
** Reduce principal and renew.
Available for all investors.
About Us :
Commercial Bank of Kuwait is one of the largest financial institutions in Kuwait with a strong and growing corporate and retail banking franchise providing innovative financial and investment solutions to its ever growing customer base.
Established on 19th June 1960, Commercial Bank is the second oldest Bank in Kuwait. From retail banking to mega project finance, CBK is mobilizing its substantial capital base and decades of expertise to assume a cutting edge role in Kuwait economy.