It is an account that enables the client to receive the benefits of his savings .It also gives the client the freedom to deposit and withdraw money at any time .The account can be opened in Iraqi dinar or Us dollar or both at the same time.
Note that the interest rate on the savings account in Iraqi dinars is (0.25%) and the interest rate on the savings account in Us dollars is (0%).
The conditions of saving account according to both the Central Bank of Iraq and the Commercial Bank of Iraq:
- The currency of Interest paid only in the Iraqi dinar.
- The interest is paid twice a year.
- Obtaining an ATM card in the Iraqi Dinar only
- Identity Cards.
- Other identification if any.
- For withdrawing process, it should be done by the customer in person.