BankDhofar Launches Multi-Currency Deposits to Encourage Saving Culture in Oman

BankDhofar is pleased to introduce a range of deposit options that will redefine saving experience within customers and provide opportunities to grow their wealth.

Fixed Deposit also called as Term Deposit: For those looking to secure their savings, BankDhofar offers an alluring Fixed Deposit scheme. With an impressive interest rate of 5% per annum, customers can enjoy both peace of mind and substantial returns on their investments. You have the option of getting the interest as an additional income credited to your account or let it get added to the principal and compound your growth.

US Dollar Deposit: In an ever-globalizing world, the Bank’s US Dollar Deposit option is tailored for those holding USD. For deposits of USD 50,000 or more, we offer an attractive interest rate of 4.84% per annum. This not only keeps your funds safe but also helps them grow steadily in this global currency.

Recurring Deposit: BankDhofar recognizes the value of commitment, and our Recurring Deposit option is designed to reward customers. With a three-year commitment, customers can enjoy an impressive 5% interest rate. This is a flexible and accessible way to achieve your savings goals while also reaping the benefits of consistent investment and compounding interest.

Children’s Recurring Deposit: With the aim of saving for the children’s future and education; BankDhofar is pleased to launch of the Recurring Deposit Account for Children. This initiative encourages parents to save for their children’s education journey and get an exceptional up to 5% p.a. interest, as well as flexible tenors ranging from 6 months till the child reaches 18 years.

High Yield Savings Account: For those who prefer liquidity without sacrificing returns, our High Yield Savings Account is the ideal choice. Offering a generous 4% interest per annum for balances, it provides the flexibility to access your funds whenever you need them, all while enjoying an impressive interest rate.

BankDhofar is focused on its customer’s financial wellbeing. Those encouraging interest rates meet the diverse needs of customers who are looking for security, flexibility, or high returns. BankDhofar is dedicated to empower the customers with wealth generation options.