Ahlibank MySaver plan offers a range of benefits

Ahlibank’s new MySaver plan is targeted at people from all income groups, ages and different walks of life to encourage them to secure their future goals by making profitable investments now

MUSCAT: ahlibank not only reserves the necessary foresight for its growing business but also takes a keen interest to look into the betterment of its customers’ future.

The bank has therefore earned a commendable reputation for being a modern bank with various saving plans and rewards on savings. ahlibank’s new MySaver plan is targeted at people from all income groups, ages and different walks of life to encourage them to secure their future goals by making profitable investments now.

The MySaver plan encourages customers to grow their savings steadily and rewards them with regular bonuses over a period of time. The goal-based periodic deposits will encourage customers to seamlessly commit themselves into disciplined savings and earn interest on their savings.

“With the MySaver plan, it doesn’t matter how small or large an amount you are investing per month. With regular bonuses, these amounts accumulate and multiply and over time will ensure that the desired financial goals are met,” said Hanaa Al Hinai, DGM, head of Retail Product Development and Private Banking. “The habit of saving is something we constantly encourage and we are certain that this plan will definitely be well-received by our customers,” Hanaa Al Hinai added.

The MySaver offers a range of benefits including a high-interest rate that is paid monthly, life insurance cover of OMR50,000, auto monthly debit for easy investment and no maturity date. The MySaver plan can start from an as low OMR25 monthly deposit. Also offering flexibility to the plan, customers wishing to increase or decrease the monthly deposit can inform the branch to amend the agreement at any point. Keeping things simple, the plan involves no lengthy procedures; customers can easily open a MySaver account to start sav- ing automatically from their existing ahlibank saving or current account. A customer can open multiple MySaver accounts for different saving goals and for kids’ savings too.

Monthly deposits into MySaver account can be done by standing orders but lump sums amounts can be done via cheque deposit, inward bank remittance and direct cash deposit, ATM transfers also. Customers are not charged any fee for the standing order from his or her ahlibank funding account to the MySaver account.

Offering interests on savings, if the customer has successfully made the monthly deposit, they will earn an interest of 2% p.a. on the total daily available balance and this amount will be paid on a monthly basis. Having a provision for each unforeseen situation, in case customers wish to prematurely exit from the savings plan, they can do so by a simple process that requires them to give a written request to the branch. That way, MySaver ensures immediate availability of funds if and when the need arises.