The BDL Progressive Rate Savings Account
What is it ?
The progressive-rate BDL savings account is an account that allows you to invest your savings in complete safety and derive added value through advantageous remuneration indexed to theimportance of your investment.
Features
The progressive rate BDL savings account allows you to :
Remuneration
The BDL progressive savings account allows you to benefit from a progressive return based on the amount of your investment according to the following thresholds:
| Amount | Annual pay rate |
|---|---|
| from 1 DA to 500 000.00 DZD | 2.50% |
| From 500 000.00DA à 10 000 000.00DZD | 3.00% |
| from 10 000 000.00DA à 50 000 000.00DZD | 3.50% |
| From 50 000 000.00 DZD and more | 3.80% |
Eligibility
Any natural person, including a minor, adult resident or not, can subscribe to the BDL progressive rate savings account.
FAQ
The opening of a progressive savings account is to be carried out at branch level, by any natural person.
For the opening of a progressive savings account for a minor, the opening formalities can be completed by his legal representative.
Withdrawals are made by the latter on the basis of presentation of the booklet and a valid official identity document.
The minor child, from his majority, is the only one authorized to make withdrawals or any other person authorized by him.
Withdrawals are made by the latter on the basis of presentation of the booklet and a valid official identity document.
The minor child, from his majority, is the only one authorized to make withdrawals or any other person authorized by him.
The holder of a progressive savings account can give power of attorney to a third party to make withdrawals.
The amount of the payment at the opening of a progressive savings account cannot be less than 5,000.00 dinars, and the supply of the account can be ensured by:
1. Payments made in cash;
2. Receipt of bank or postal transfers;
3. Cashing cheques or bills.
1. Payments made in cash;
2. Receipt of bank or postal transfers;
3. Cashing cheques or bills.
Operations on the progressive savings account must not be backed by acts of commerce or commercial transactions.
Withdrawals made in cash at the Agency counter, where the savings account is opened, are made by means of the counter cheque (savings account) by the holder himself or by his representative.
Withdrawals outside the BDL domiciliation branch are exclusively authorized in favor of the account holder up to the limits, in amount and frequency, set by the Bank on the basis of the mandatory presentation of the savings account.
Withdrawals outside the BDL domiciliation branch are exclusively authorized in favor of the account holder up to the limits, in amount and frequency, set by the Bank on the basis of the mandatory presentation of the savings account.
The renewal of the savings account can be renewed in the following cases:
1. The use of all the pages of this booklet;
2. The deterioration of the savings account.
1. The use of all the pages of this booklet;
2. The deterioration of the savings account.
When an Agency is notified of the loss or theft of a savings account, it must have the representative or the holder of the savings account, as the case may be , should sign a declaration. It will then issue a new savings account.