At Commercial Bank of Kuwait we have a range of saving accounts which  will satisfy your financial needs, they are available in multi currencies and have many outstanding features along with our famous Najma account, where you can have a daily chance of winning KWD 7,000  

KD Saving Account

What is it?

An interest earnings account with a fixed interest rate.

Who Qualifies?

Any individual customer.

Why is the product used?

To invest money

Features

  • Minimum deposit to open account is KD 100/- with no maximum.
  • Fixed interest rate will be accrued on a minimum monthly balance.
  • Interest will be paid monthly
  • No interest will be paid if the balance drops below KD 1000/-
  • Salary may be credited to the account .
  • The account entitles the customer to an ATM (Starlink) card, together with the privilege of applying for a consumer loan and access to other products.

Benefits

  • Convenient investments even for small amounts.
  • The customer is unaffected by interest rate fluctuations.
  • Interest will be paid semi-annually; May and November.
  • The account can be blocked as collateral.
  • Unlimited number of withdrawals and deposits .
  • Standing instruction facilities are available.

FC Saving Account

What is it?

A foreign currency interest earnings account with a fixed interest rate.

Who Qualifies?

Any individual customer.

Why is the product used?

To invest money.

Features

  • Available in all major currencies.
  • Minimum deposit to open the account is equivalent to KD 100/- with no maximum.
  • Fixed interest rate will be specified by the bank from time to time.
  • Interest accrued on the min. monthly balance & payable monthly.
  • Statements are sent quarterly.
  • 1% commission is charged on cash withdrawals if the cash is of the same currency as the account.
  • 1/4% commission is charged as an exchange compensation for external transfers made from the account in the same currency.
  • 1/8% commission is charged as an exchange compensation for local transfers made from the account in the same currency.
  • The account entitles the customer to get an ATM (Starlink) card.

Benefits

  • Convenient investments even for small amounts.
  • The customer is unaffected by interest rate fluctuations.
  • The account can be blocked as collateral.
  • Unlimited number of withdrawals and deposits .
  • Standing instruction facilities are available.

KD Commercial Star Account

What is it?

The Commercial Star Account is a tiered rate product.

Who Qualifies?

Individuals and Corporates.

Why is the product used?

To invest money.

Features

  • The interest is calculated on a daily basis and paid at the end of the month.
  • The limit of cash withdrawal through ATM is KD 1000/- per day.
  • Different interest rate is accrued on tiers of balance on a monthly basis.  
    • Up to KD 5,000/000
    • From KD 5,000/001 to KD 25,000/000
    • From KD 25,000/001 to KD 50,000/000
    • Above KD 50,000/000
  • The customer receives a statement on a monthly basis.
  • Interest is calculated on deposit, on the next working day after the deposit is  made.
  • If the balance drops below KD 250/- at any day during the month, the interest will be calculated at the default rate, i.e. 0.25%,    for the whole month.
  •  No interest will be calculated or paid if the average balance  during the month drops below KD 250/-
  • If the account is closed, the interest rate will be calculated using the  default rate,i.e. 0.25% for the period from the first day of the current  month till the previous day of closure.
  • There is no monthly limit to the number of ATM (Starlink) transactions.
  •  No more than three counter transfers to cover current account, and if more than three transfer transactions occur then the interest will be  calculated based on the default rate of 0.25%.
  • Interest rates will be adjusted as per the market on a monthly basis.
  • A commission of 2 KD will be deducted if average monthly balance drops below 250 KD (for non individual accounts)

Benefits

  • The customer is provided with a liquid savings product that offers a high rate of interest.
  • The limit of cash withdrawal through ATM is KD 990/- per day.
  • Interest will be calculated on a daily basis and paid monthly.
  • Customer segments can be an individual, company or establishment.
  • Customer will receive a monthly statement.
  • Account can be blocked as collateral.

KD Privilege Account

What is it?

The privilege account is addressed to customers who have large balances.

Who Qualifies?

Individuals and Corporates.

Why is the product used?

To invest money.

Features

  • High interest rate.
  • Account may be opened by individuals and corporates. The following services shall be made available on all related accounts free of charge (chequebooks, standing instructions, travelers cheques, exchange compensation).
  • Account statement will be issued on a monthly basis.
  • The initial deposit amount required is KD 5000/- .
  • No chequebook will be issued on this account.
  • Different interest rate is accrued on tiers of balance on monthly basis.
    • Up to KD 5,000/000
    • From KD 5,000/001 to KD 50,000/000
    • From KD 50,000/001 to KD 250,000/000
    • Above KD 250,000/000
  • Interest is calculated daily and paid to the account on the last day of the month. If the balance drops below KD 5000/- on any day of the month, interest will  be paid at the rate of - 0.25% for the entire month.
  •  If the average daily balance drops below KD 5000/-, no interest will be paid 
  • When the account is closed, the interest rate will be calculated using the default rate, i.e. 0.25% for the period from the first day of the current month till the   previous day of closure.
  • Four debit transactions regardless of the type of transaction are permitted on  the account per month, default rate of 0.25% will be paid throughout the month,if more than four transactions are conducted.
  • A commission of 2 KD will be deducted if average monthly balance drops below 5000 K   (for non individual accounts)

KD Salary Account

What is it?

The account is addressed to public/private sector's employees who desire to keep a banking relationship without any investment.

Who Qualifies?

Government/Company/Establishment employees.

Why is the product used?

Maintain an account for salary purpose

Features

  • Available to Individuals, and in KD only.
  • Minimum amount of KD100/- to open account.
  • Interest Free Account.
  • Statement on request only.
  • StarLink Card is issued for ATM and POS use with daily ATM withdrawal limit of KD1000/-.

KD Al Najma Account


Al Najma awards are now brighter and bigger than ever

With the revamped Al Najma account, all your dreams will be turned to reality. On top of offering the highest daily prize in Kuwait for KD 7,000, now our Mega prize draws got bigger to reach KD 250,000.

The new prizes scheme for AlNajma account

Daily draw to win KD 7000 Quarterly draws to win great prizes that would start from KD 100,000 to KD 250,000

1ST QUARTER

KD 100 000

2ND QUARTER

KD 150 000

3RD QUARTER

KD 200 000

4TH QUARTER

KD 250 000

The winner of the Mega Draw of KD 200,000 for the 3rd Quarter 2016 is Kholood Saleh AlAjmi.

With Al Najma you have more chance to win greater prizes

·         Each KD 25 kept in your account gives you one chance to win

·         Each KD 25 kept in your account for one week will give you a chance to enter the daily draw.

·         Each KD 25 kept in your account for 3 months will give you chance to enter the quarterly draw.

Additional features

·         ATM card

·         Issue a credit card against your account

·         Obtain all CBK banking services

You deserve to win! Open an account now with just KD 500 and you will enter all draws.

Read more about Al Najma winners.