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Al Rasheed Bank grants special interest for fixed deposits

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Al Rasheed Bank grants special interest for fixed deposits

Rasheed Bank  2020-12-14 23:00

Shafaq News /
Al-Rasheed Bank announced, on Tuesday, that it will grant interest at a rate of (7%) to fixed deposits.

The media office stated in a statement received by Shafaq News that "the specified period for these deposits is two and a half years."

He added that "citizens, individuals, companies, associations and other sectors can open the aforementioned deposit accounts and obtain interest at our bank branches spread in the governorates of Iraq."

Governmental banks seek to invest the hoarded money with citizens, which, according to the Central Bank, is estimated at more than 77% of the money circulating in the market.

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