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Warka Interest Rates Have Dropped


Steelwire
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I was just at Warka's site ..... haven't been there in a while now. I see that they dropped the interest rates for the savings accounts from 7% to now at a 5% rate. 

 

I'm sure I'm not the first to come across this .... just wondering how long or since when did they make this change?

 

Thanks for the help in advance. 

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They dont appear to have dropped their lending rates.

Certainly miss the higher interest rates on savings accounts.

Interestingly the 3 month rate is lower than the floating rate. 

 

 

Credit and Loan Facilities

  1. 25% annually short loans in IQD currency   (3 months)
  2. 25% annually on debited IQD checking accounts     (overdraft)
  3. 25% annually on debited IQD checking accounts  (overdraft)
  4. 25% annually short loans in USD currency   (3 months)

Interest Paid Annually on Savings Accounts

  1. IQD savings accounts     5% per year
  2. USD savings accounts   2% per year

 

Certificate of Deposits (IQD)

  1.  3 months CD     4%
  2.  6 months CD     5.5%
  3.  1 year CD           7%

Certificate of Deposits (USD)

  1. 6 months CD   0 %
  2. 1 year CD          0 %

I  think the new rates have been a recent initiative within the last 2 months 

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  • 2 weeks later...

HI JUST THOUGHT I WOULD UPDATE ON EMAIL TO Warka Bank I FINALLY GOT A RESPONSE FROM ONLINE CUSTOMER SERVICE THEY SENT ME MY NEW PASSWORD MY ACCOUNT HAS BEEN CREDITED WITH INTEREST AND BALANCE WAS CORRECT IT TOOK OVER 6 MONTHS  TO GET ACCESS     

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