Al Mazyona Interest Savings Account
Grow your savings faster with the Al Mazyona Step-Up Interest Account – where the more you save, the higher your interest rate grows!
Flat Interest Savings Account:
If your balance changes over time, this account ensures you earn a consistent interest rate regardless of the amount you maintain.
|
Balance (OMR) |
Rate (%) |
0 and above
|
0.1
|
Step-Up Interest Savings Account (Effective from 1 April 2025):
If you’re planning to grow your savings over time, this account provides you with higher interest rates as your balance increases.
|
Average Monthly Balance (OMR) |
Rate (%) |
3,000-4,999
|
0.25
|
5,000-9,999
|
0.5
|
10,000-29,999
|
0.75
|
30,000-99,999
|
1
|
100,000-249,999
|
1.25
|
250,000-499,999
|
1.75
|
500,000-999,999
|
2.25
|
1,000,000-ABOVE
|
3
|
* Customers under Al Mazyona Step Up Savings Account with an average balance lower than OMR 3,000 will not receive any interest, however they can opt for a Al Mazyona Flat Interest Rate Account to earn a fixed interest rate of 0.1% per annum.
* Premier customers (Private Banking, Asalah Priority Banking & Al Jawhar Privilege Banking) will enjoy an additional 0.25% premium on the corresponding slab rate.
Other Currencies:
|
Currency |
Rate (%) |
USD
|
0.25
|
GBP
|
0
|
EUR
|
0
|
AED
|
0.25
|
SAR
|
0.25
|
QAR
|
0.25
|
BHD
|
0.25 |
KWD
|
0.25 |
General Terms:
- For Step-Up Interest Account, the interest is accrued based on daily closing balance, averaged for the month, and multiplied by eligible slab rate.
- For the Flat Interest Account the rate is 0.1% per annum and is credited to your account on a monthly basis where interest is accrued on the average monthly balance in your account each month.
- Interest rates will published in the Bank’s website and subject to change from time to time.
To view the full Terms & Conditions,
click here.
