Grow your savings with ABK’s ‘simpler banking’ strategy

Al-Ahli Bank of Kuwait (ABK) recently launched its Savings and Deposits campaign, giving clients a variety of deposit and savings accounts to choose from.

Short and long ‘term deposits’, offer customers the opportunity to grow their savings at market leading rates. Customers have the flexibility to save from one month to three years, with interest credited directly to their account every month or upon maturity. In addition ABK offers loans against these deposits, with the option of opening the account in KD or in other major currencies.

ABK also offers the Al-Manal - Daily Interest Savings Account, I-SAVE Youth and Bedayati Kids Savings accounts, thus offering a variety of savings products for all age segments, allowing customers to ‘Save More with Less’.

ABK’s Savings accounts offer flexible tiered interest rates calculated on a daily, monthly or half yearly basis, tailored to the clients’ needs. Savings can start with an opening balance of KD 100 with unlimited deposits and withdrawals. Customers who opt for this option also receive a free debit card with the new ‘Quick Read’ feature and SMS alert service. Moreover; ABK’s Al-Manal savings account provides unique flexible options; as it pays like a fixed deposit but works as a savings account, giving customers the opportunity to ‘Spend and Save’ at the same time, growing savings with full access to funds. The opening balance for the Al-Manal account is KD 5,000, offering competitive interest rates, unlimited deposits with no penalty on withdrawals and tiered interest rates where the higher the daily balance, the higher the interest, along with SMS alert services.

Additionally, ABK account holders have 24/7 access to their accounts with ABK’s simple, fast and secure e-banking channels.

With the launch of this new campaign ABK aims to encourage the public to have financial discipline and long-term savings and investment plans while making banking ‘simpler’ to encourage savings.