Rafidain Bank raises interest rates of deposits for clients
Rafidain Bank announced the lifting of the benefits of citizens’ savings accounts prices.
Press office of the bank said in a statement received “Economy News” that the bank has decided to raise the fixed deposit interest for more than two years and $ 50 million and above to become a 7 percent instead of 6 percent.
And that in terms of a dollar coin and decides to raise interest rates to 3 percent deposit of $ million and above and the addition of one-half percent to become 3.5 percent if the amount of $ 5 million and above.
The statement noted that the deposits of the Iraqis in Iran turned into Toman and the ratio of interest in Iraq, which is the equivalent of 5 percent to 20 percent in Iran, according to their currency, similar to foreign banks.
The statement said that the general benefits of private bank savings accounts amounting to 4 percent, and with respect to fixed deposits for a period of six months, amounting to 5 percent either fixed deposit for a year amounts to 5.5 percent of their benefits.
He pointed out that the benefits of short-term credit for a year of 9 percent and the medium term, any more than a year and up to two years of 10 percent either long-term benefits of credit amounts to 11 percent.
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