Al-Watani Offers Innovative Savings Solutions
National Bank of Kuwait continues to develop its innovative banking solutions to help customers achieve their financial goals and promote a savings culture, through a comprehensive suite of solutions designed to meet diverse needs, whether they are short- and medium-term objectives or long-term plans requiring wealth accumulation and asset growth.
Electronic Savings is a 100% digital savings account that customers can open and manage entirely electronically via the NBK Mobile app. It allows users to set up a personalized savings plan and track their progress toward achieving their financial goals step by step.
Upon opening the account, customers can choose a savings plan duration ranging from one month to five years, with a target amount starting at 200 Kuwaiti dinars and reaching up to 5,000 dinars, providing significant flexibility to meet various short- and medium-term objectives.
The account offers an Auto Saver service, which automatically transfers fixed amounts at regular intervals to the savings account, and a Save the Change service, which rounds up the value of purchases made at point-of-sale terminals or online and transfers the difference directly to the account. Additionally, the Tap to Save feature enables customers to transfer a pre-set amount to their savings account with a single tap through the NBK Mobile app.
The account also provides flexible reward options, allowing customers to choose between receiving monthly interest with competitive returns or accumulating loyalty points in the Electronic Savings account upon achieving their savings goal within the specified timeframe. These points can be redeemed for electronic vouchers from a variety of brands.
For long-term goals, the account allows customers to set savings targets ranging from 5,000 to 50,000 Kuwaiti dinars through a savings plan spanning five to 15 years. A fixed monthly amount is deducted via a standing order from the primary account to the fixed savings account, helping customers adhere to a regular savings plan and achieve their future objectives in a structured manner.
The account is suitable for long-term goals such as preparing for a future home purchase, financing children’s university education, establishing a personal business, planning for a more comfortable and secure retirement, and building long-term wealth through consistent savings and guaranteed returns.
