ila News

Manama, Bahrain: ila Bank, Bahrain’s digital, mobile‑only bank powered by Bank ABC, has announced the launch of Savings+, a new high‑yield savings account offering customers a straightforward way to earn monthly interest while retaining full control over their money.

Savings+ expands ila Bank’s savings offering, providing customers with an additional option to earn competitive returns. Available in Bahraini Dinars (BHD) and US Dollars (USD), the account can be opened instantly through the ila Bank app. Each Savings+ account is issued with its own IBAN, enabling customers to move funds in and out of the account with ease. Funds can be transferred via Fawri, while BenefitPay supports sending and receiving money directly from the account, allowing for efficient and seamless fund movement.

To start earning interest, customers must maintain a minimum balance of BHD 3,000 or USD 8,000 in their Savings+ account. ila Premium customers earn an annual interest rate of 2.50%, while ila Classic customers earn 2.30%, with interest paid monthly.

Commenting on the launch, Nada Tarada, Head of Business and Customer at ila Bank, said:

“Savings+ reflects our continued commitment to instilling positive financial habits while offering a diverse range of simple, relevant, and rewarding banking solutions . We recognize that customers have different saving goals, and Savings+ adds a flexible option for those who want to earn monthly returns while maintaining easy access to their funds. It delivers clarity, control, and convenience - all through the ila Bank app.”

The introduction of Savings+ underscores ila Bank’s commitment to delivering digital‑first banking solutions built around clarity, flexibility, and everyday financial needs, while giving customers greater choice in how they save and grow their money.