BANKING SERVICES
A type of savings account for which its natural or legal owner receives interest at a higher rate than other accounts. This account allows the deposit of a certain amount during a specific period and does not allow withdrawals. Nevertheless, the depositor can disburse the amount before it becomes due based on the request. In this case, the banks give interest less than what was agreed upon.
The Economy Bank for Investment and Finance was established in 1999 with a capital of (200) million Iraqi dinars to contribute to economic development by revitalizing the productive, agricultural, commercial and industrial sectors through the practice of commercial and investment banking and financing activities under the supervision and control of the Central Bank of Iraq through its branches and offices, which exceeded (75) branches and offices inside Iraq.
