Finance determines interest rates and fixed deposits for withdrawals and deposits
Al-Rafidain Bank, affiliated to the Ministry of Finance, announced the interest rates and fixed deposits for citizens’ accounts for the year 2022, in an effort to raise the economic and living standard of the citizen.
A statement by the ministry, which the agency {Euphrates News} received a copy of, stated that “the interest rate for savings accounts has been determined to be 4% over a year, and the fixed deposit rate has been determined to be at an interest rate of 4.5% for a period of six months and the interest rate is 5% for a year.”
He pointed out that “the interest period for calculating fixed deposits over two years has been determined at 5.5% for less than 50 million dinars and 6% for more than 50 million dinars.”
The Ministry of Finance pointed out, “The bank continues with withdrawals and deposits in all its branches spread throughout the governorates, and all citizens can review the bank for the purpose of benefiting from these services.”
