CAC Bank customers can invest and gain huge and guaranteed returns benefiting from our competitive interest rates; the investment can be set by placing a fixed balance with a specific period of time and specified rate, and the interests deposited to the customer account on the maturity date of the deposit.
- Gaining high interests according to the approved pricing, and depositedevery (3, 6, 12) months as per the customer request.
- Opening a current account without a minimum balance used to deposit the interests periodically.
- You can transfer from your deposit account to your current account without over limiting the deposit amount.
- Customer can acquire loans or credit facilities secured by the deposit.
- Deposits are subject to the guarantee of the “Banking Deposit Guarantee Corporation” and the Bank is considered as one of its founding members.
Terms and Documents required to obtain the service:
- Customer should be over the legal age (18 years old).
- Providing the original personal identifications (valid electronic ID).
- Foreigners should provide passport copy, residence card, and official letter from the employer.
- Filling the deposit opening application form.
- The minimum balance required to fix a deposit is YER 500,000 or USD 5,000 or equivalent in any other currencies.
- The Customer should open a current account and fix the deposit, the current account can be in local currency or any approved foreign currencies.