Accounts
Demand Deposit Account
The Demand Deposit Account from BBAC is the ideal solution for savers who are looking to invest their surplus capital in a secure investment with guaranteed high returns.
WHAT DO YOU NEED TO KNOW ABOUT THE Demand DEPOSIT ACCOUNT?
- It is an account into which a certain amount of capital is deposited and locked for a specified term or maturity date at a fixed interest rate
- The account allows the withdrawal of capital, along with the accumulated interest, at the end of the maturity date
- Interest rates vary according to the amount and the term of the deposited capital
- The account is automatically renewable after the maturity date, unless instructed otherwise
- The account is available in Iraqi Dinars, US Dollars and other major currencies
WHAT BENEFITS DOES THE ACCOUNT OFFER?
- A higher interest rate than a regular savings account
- A fixed interest rate for the term of the investment that guarantee a certain return
- A variety of terms and maturity options, starting from one month and up to more than one year
- Online Banking for a convenient access to the account around the clock
WHAT IS THE NEXT STEP?
Visit any of the BBAC branches, where customer service representatives are ready to provide assistance.
