Investing money and increase earnings are the main objective to all businesses. CBK call accounts are made for this purpose and are available in foreign and local currencies, so, seize the opportunity and invest with CBK today.

KD Call Account

Name of Product:

KD Call Account

What is it?

An interest earnings account.

Who Qualifies?

Business customers.

Why is the product used?

To invest money.

Features:

  •  Available to Companies and Individuals.
  • Available to Companies and Individuals.
  • Available in KD and all Major Foreign Currencies (FCYs).
  • Minimum amount of KD5, 000/- (USD15, 000, EUR 15,000, GBP10, 000) is required to open the account.
  • Interest rate reviewed on weekly basis, accrued daily and paid monthly.
  • No interest will be paid if balance drops below KD5, 000/- during the day.
  • Statement can be provided either daily, weekly, monthly, or yearly.
  • StarLink Card is issued for ATM and POS use with daily ATM withdrawal limit of KD1000/-
  • A commission of 2 KD will be deducted if average monthly balance drops below 5000 KD

 (for non individual accounts)

Benefits:

  • Convenient investment for large amounts.
  • Opportunity to increase earnings.
  • Profitable short- term investment
  • Customer still earns full interest in spite notice period of withdrawal required.
  • Special interest rates could be given for prime customer.


FC Call Account

Name of Product:

FC Call Account

What is it?

An interest earnings account.

Who Qualifies?

Business customers.

Why is the product used?

To invest money.

Features:

  • Minimum deposit equivalent to KD 5000/- with no maximum.
  • Available in major currencies; US-$, GBP-£, EUR-€, JY-¥, For others Dealing Room approval is needed.
  • Weekly interest rate changes depending on the market trend.
  • A minimum of 24 hours notice is required prior to withdrawal.
  • Interest paid quarterly, i.e March, June, September, December.
  • Available to all investors.
  • According to customer's instructions, statements are sent weekly, fortnightly or monthly.
  • 1% commission is charged on cash withdrawals if cash is of the same currency as the account.
  • ¼ % commission is charged as exchange compensation for external transfers made from the account in the same currency of the account.
  • ⅛ % commission is charged as exchange compensation for local transfers made from the account in the same currency.
  • A commission equivalent to 2 KD will be deducted if average monthly balance drops below amount equivalent to 5000 KD(for non individual accounts)

Benefits:

  •    Convenient investment for large amounts.
  •    Flexibility of investment in various currencies, interest rate changes.
  •    Opportunity to increase earnings.
  •    Profitable short term investment.
  •   Customer still earns full interest, in spite of short notice period of withdrawal required.
  •   Special interest rates could be given for prime customers.