Features
The Care Account allows you to grant funds to any person or charitable organization, with no restrictions on age or family relationships. Pick the savings plan that suits you best, and once the conditions are met; your selected beneficiary (Donee) will receive the grant.
Wide Range of Deposit Products
Choose from a wide range of products available in both local or foreign currency, including Savings Accounts, Current Accounts, Time Deposits and Certificates of Deposit.Customizable Interest Transfer for Care Account Holders
The donor can choose whether the interest earned on the account, Time Deposits, or Certificates of Deposit is transferred to their own account or the Donee’s account, providing full control over how the funds are managed.Flexible Granting Options
You can grant funds to any person of your choice, regardless of whether there is a familial or legal relationship between the Donor and the Donee, providing greater flexibility in the grant.
More features
Charitable Giving Option
In addition to granting funds to individuals, Donors can choose a charitable organization to receive their donation, offering a meaningful way to give back to the community.Cancellation Flexibility
Donors can fully or partially cancel the Conditional Grant (Care Account) at any time without requiring the consent of the Donee or their heirs, ensuring complete control remains with the donor.Products Flexible Saving Solutions with the Care Account
Requirements Eligibility Criteria
The Donor has two options for transferring the funds to the Donee:
- When the Donee reaches a certain age.
- Upon the Donor's death.
The Care Account cannot:
- Issue debit or credit cards.
- Invest in mutual funds (Osool, Thabat, and Aman).
- Set up standing instructions or direct debit (such as bill payments).
- Issue a cheque book for a current account.
- Be jointly open with another person.
Offers Expect more from life!
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