A current account for individuals and corporates that offers an interest rate of up to 3% p.a.

BMI Bank today announced the launch of “One Account,” a unique account that combines the flexibility of a current account while offering customers the benefit of higher returns currently offered by fixed deposits. One Account, which is available in Bahraini Dinars only, offers interest that is paid on an Average Monthly Balance (AMB) and is higher than the interest paid on minimum balances. In addition, the account offers customers a wider array of channels to ease their transactions and includes a cheque book, ATM/Debit Card, Net Banking access and free monthly statements among other features. The account can be opened by individuals as well as corporates.

Announcing the launch of One Account, Andrew Bainbridge, Chief Executive Officer of BMI said:

“Our latest offering is yet another step forward in our constant endeavor to keep our products relevant to our customers’ requirements. One Account is a smarter alternative for customers who wish to better manage their money and gives interest on current accounts. It enables our customers to maintain surplus balances on their current accounts and earn interest whilst reducing the burden of transferring money between accounts to improve their returns. At BMI, we believe that this makes life simpler and easier for our customers – which is what customers say they want from their bank.”