Call Deposit Account
Our Call Deposit Account (Instant Access Savings Account) is an ideal solution for those who require both access to their funds and a return on their deposits. If you are an existing client holding funds in a Current Account, you may wish to invest in a Call Deposit Account.
| Account Name: | Call Deposit Account (Instant Access Savings Account) | |||
|---|---|---|---|---|
| Currencies Available: | GBP | USD | EUR | KWD |
| Minimum Balance: | £5,000 | $7,500 | €7,500 | 2,500 dinars |
| Interest Rate: | Please contact us for the most up-to-date rates. | |||
| How is interest on my account calculated? | Interest is accrued daily and payable at the end of June and December. | |||
| Can Kuwait Finance House PLC change the interest rate? | Yes, the interest rate that applies to your Call Deposit Account is variable. This means it can increase or decrease at any time. If the Call Deposit interest rate decreases, we will contact you before the change takes place. If the Call Deposit rate increases, this change will be applied to your account automatically, and we may not contact you. |
|||
| Can I make withdrawals? | Yes, daily withdrawals are permitted free of charge, subject to maintaining the minimum balance requirements. | |||
| Can I make additional payments into my Call Deposit Account? | Yes, funds can be added to your Call Deposit Account at any time. | |||
| Can I cancel my Call Deposit Account? | Yes, you can cancel a Call Deposit Account. To do this, funds are simply transferred from your Call Deposit Account back into your Current Account. | |||
Further details can be found in the Call Deposit Account Summary Box (GBP), Call Deposit Account Summary Box (USD), Call Deposit Account Summary Box (EUR), Call Deposit Account Summary Box (KWD) and Tariff of Charges page.
• You must already have a Current Account with Kuwait Finance House PLC to open a Call Deposit Account
• You must be 18 years old or above
• We serve clients who reside in the Gulf Cooperation Council regions and most Middle East & North Africa countries, or clients who reside outside these regions and have an association with these regions, such as a business or source of wealth
• A minimum balance of £5,000, $7,500, €7,500 or 2,500 Kuwaiti dinars is required to earn interest
Please note: We also offer Corporate Deposit Accounts for business clients. For more information, please contact us.
• Earning with Flexibility: Earn interest on your deposits while enjoying the flexibility to access your funds when you need them
• Convenient Access: Manage your account and perform transactions with ease via our online banking platform
• Currency Options: Choose to hold your funds in Sterling, US Dollars, Euros, or Kuwaiti Dinars to align with your financial preferences
• Tailored Support: Our dedicated Relationship Managers are on hand to provide personalised service and understand your unique banking needs
• Easy Setup: Call Deposit Accounts can be set up quickly and easily by contacting your dedicated Relationship Manager
• Secure Investment: Your funds are held securely, with protection up to £85,000 through the Financial Services Compensation Scheme
Vulnerable customers
At Kuwait Finance House PLC, we understand that vulnerability can come in various forms—be it health, financial, situational, or capability-related challenges. We are here to ensure that every client, especially those who are vulnerable, receives fair treatment, clear communication, and tailored support to manage their finances effectively.
If you need additional support for whatever reason, please do let us know, so we can ensure your personal needs and circumstances are taken into consideration. Get in touch on the telephone number or email address below, or visit us at our London branch.
Protecting your money
Your eligible deposits held by a UK establishment of Kuwait Finance House PLC are protected up to a total of £85,000
by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
Any deposits you hold above the limit are unlikely to be covered.
Please click here FSCS Leaflet: How FSCS protects your money for further information or visit www.fscs.org.uk
You can also refer to our FSCS Information Sheet for more details.
How to apply
To apply for a Call Deposit Account, you will need to have a Current Account with Kuwait Finance House PLC. For more information on opening a Current Account with Kuwait Finance House PLC, click here.
How can I open an Account ?
Please call us at +44 (0) 20 7487 6500, email at info.kfhplc@kfh.com, or visit our London branch at 35 Portman Square, London, W1H 6LR. For more information click on the Contact Us button below.
