Baiduri Bank has introduced a new savings account – the Baiduri Prime Saver in its efforts to promote financial discipline while empowering customers to achieve their long-term retirement goals.
The Baiduri Prime Saver offers unique features designed to help instil savings discipline. These include an attractive interest rate of 2.5 per cent per annum, and up to four withdrawals per year with a cap on withdrawal intervals and amount.
In addition, an account holder will not receive a debit card and no outward online transfer is allowed from the account to discourage non-emergency withdrawals.
“Our primary goal is to nurture a culture of savings, complemented by the benefit of receiving competitive interest rates,” said Baiduri Bank’s Deputy Chief Executive Officer of Consumer Banking Manuel Bulens.
He elaborated through Baiduri Prime Saver, the bank hopes to provide a product that will help the customers achieve their long-term savings goals.
Those who sign up for Baiduri Prime Saver savings account from now until March 30 will enjoy an additional 0.3 per cent per annum. interest rate until December 31.
The promotional interest rate applies to daily account balance from BND2,000 and up to maximum of BND250,000.
Customers will be required to make a minimum deposit of BND2,000 to open a Baiduri Prime Saver account.
