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jb4388

Warka Bank Interest

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Looking at my Warka account it showed interested credited to my account 28/06/2018 .

 

If it were only 1:1 .... I could live off of it for next year and quit my day job. Lol

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mine is in my account too but only half the rate that they have posted on their website. I got 1.25% on iqd for 6 months and .05% on usd

 

Did you get their posted rates?

Edited by NMP2017
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Their IQD interest rates went from 7% to 6% to 3%, now minus fees. The USD rates were always extremely low to incentivize banking investments to be in IQD.

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So when WARKA opens up the deposits and the withdraws again, if they are international, will I not be able to transfer the IQD to another international bank in dinars, then exchange it in that country. Would I get the IQD interest in that scenario?

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6 hours ago, jcfrag said:

So when WARKA opens up the deposits and the withdraws again, if they are international, will I not be able to transfer the IQD to another international bank in dinars, then exchange it in that country. Would I get the IQD interest in that scenario?

That is my plan...Singapore or Hong Kong preferably 

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In addition to no interest received.  Anyone else having problems opening or printing their reports.

 

I've had my account since 25/01/2010, not had any issues with interest received, personal checks, credit card or password resets.

 

Can only hope the time has come on this investment.   

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Its great to hear that interest is being paid (at least on paper). I have an account but its been to hard to maintain an active password. Can anyone tell me what the rate is that is being paid out?

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Steelwire, Warka paid me right at 1.3 % on my account. That's a mighty big drop from years gone by....

 

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1.3 %  that is a huge drop from where it once was, but I'm pleased to see that there is interest still being paid. I always new that the 7% would one day come to an end. Thanks for getting back to me I'm going to sleep a little better knowing interest has been paid. I could be wrong but feel that if Warka were planning on closing their doors they wouldn't bother with the interest. It may not mean a thing but in my mind it reassures me they will be around..... Here's to hoping I'm right.

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10 hours ago, screwball said:

Thank goodness just manage to reset my warka online password and check my balance much to my surprise it has grown by 4 million....LOL...

Its been at least 2 years since I've been connected. I would have to check my records to make sure. I wasn't getting anywhere with them last time I tried.

Screwball, Did you have any difficulty in getting your password or having problems communicating with Warka?

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7 hours ago, Steelwire said:

Its been at least 2 years since I've been connected. I would have to check my records to make sure. I wasn't getting anywhere with them last time I tried.

Screwball, Did you have any difficulty in getting your password or having problems communicating with Warka?

I have been trying for months....most emails have been bouncing back, but this time they got through and onky took a few days

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3 hours ago, screwball said:

I have been trying for months....most emails have been bouncing back, but this time they got through and onky took a few days

Thanks so much for your response. I'll probably see what i can do and try contacting them .

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Interest paid on my IQD and USD accounts today. 1.25% on IQD and .5% on USD for 6 months since Dec2018...

Now we just need to see news that we can withdraw from our accounts again! smile.png , or buy CD's, or get a Mastercard smile.png

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Well the bank is still functioning. Hope we can get a new IQD rate, fly over and withdraw......

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