MUSCAT: BankDhofar continues to demonstrate its commitment to providing exceptional value to customers through its High Yield Savings Account, offering highly competitive interest rates of up to 4% per annum. This account is designed to meet the evolving financial needs of individuals across Oman, providing an attractive savings solution while maintaining seamless banking convenience. By combining strong returns with flexibility, BankDhofar reinforces its position as a leading provider of customer-focused financial services within the Sultanate.
Available to both Omani nationals and expatriates, the High Yield Savings Account allows account holders to maximize returns on their savings without restricting access to funds. Interest is calculated daily on the end-of-day balance and credited at the start of each month, making it suitable for both short- and long-term financial goals. This approach ensures that customers can efficiently grow their wealth while enjoying full control over their funds.
The account functions as a fully operational banking account, enabling customers to carry out everyday transactions via BankDhofar’s mobile app, internet banking, and extensive branch network. Customers benefit from 24/7 access to their funds through ATMs and CDMs, and receive a debit card upon account opening. Integration with the mobile app allows users to monitor balances, manage transactions, and control their debit card securely and conveniently, ensuring a modern and user-friendly banking experience.
Chief Retail Banking Officer Amjad Iqbal Al Lawati emphasized that the High Yield Savings Account reflects BankDhofar’s long-term commitment to providing practical and rewarding financial solutions. To open the account, Omanis must provide their Civil ID, while expatriates need a passport, resident ID, and proof of address. Additional documentation may be requested for verification purposes. This account exemplifies the bank’s dedication to customer-centric services that cater to the diverse needs of the Omani community.
