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National Bank of Kuwait review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

National Bank of Kuwait suits savers in Kuwait who want easy access to their money rather than the highest rate on the site. The savings account costs KWD 0 a month, pays 0.062% on a variable basis and allows unlimited withdrawals, so the appeal is convenience rather than yield.

Key facts

Best for
A Kuwaiti easy-access savings account with KWD 0 in monthly fees and free withdrawals.
Headline rate
0.063%↗
Rate type
Variable↗
Term
12 to 60 months↗
Minimum deposit
KWD 100 to KWD 500↗
Access terms
Unlimited withdrawals, interest credited twice a year, no notice period, no ongoing minimum balance↗
Monthly fee
KWD 0↗
Account kind
Easy access↗
Legal entity
National Bank of Kuwait↗
Headquarters
Kuwait↗
Founded
1952↗
Support channels
Phone, Help-centre↗
Pricing model
No monthly fee
Official website
nbk.com

Loans

APR
12%↗
Loan amount
KWD 25,000↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Age from 21 up to 75 years; minimum salary KD 400; salary transfer not required↗
Loan types
Personal, Car, Secured, Business↗
Use cases
Home-improvement↗
Features
Rewards

Credit cards

Annual fee
KWD 30↗
Currency conversion fee
3% to 5%↗
Rewards type
Points↗
Perks
NBK Rewards Program, Instant discounts, Flexible payment, NBK Secure Shopping, Minimum card limit KD 250↗
Card kind
Credit↗
Audience
Students, Kids

Debit cards

Card type
Debit↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXLinkedIn

Pros and cons

Pros

  • Access is simple: the easy access account allows unlimited withdrawals, with interest credited on a set cycle through the year.
  • The consumer loan runs KWD 25,000 over 12 to 60 with free early repayment, and a salary transfer is not required.
  • The Classic credit card collects points through the NBK Rewards Program, alongside instant discounts and secure shopping perks.
  • Borrowing goes direct from the bank as a direct lender, covering personal, car and secured credit.

Cons

  • Interest is the weak point: 0.062% against a site median of 3%.
  • Support runs on phone and help centre only.
  • The Classic credit card carries an annual fee of KWD 30 and charges 3% to 5% on currency conversion.
National Bank of Kuwait

Ready to try National Bank of Kuwait?

Scored 9.3 / 10 by SumCue.

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Who it suits

  • Kuwaiti savers who want their money reachable at any time and do not chase top rates.
  • Borrowers funding home improvement, since the loan is aimed at home improvement and repays early without charge.
  • Households wanting a debit card for students and children, as the debit range is aimed at student and kids.

Who should look elsewhere

  • Rate chasers: Wise pays 3.29% and bunq 3.01%.
  • Anyone after a fixed term: the savings rate is variable, while Finteres works across 0% to 36%.

How National Bank of Kuwait compares

Where National Bank of Kuwait is available

Available
Bahrain, Egypt, Iraq, Kuwait, Lebanon, Saudi Arabia, United Arab Emirates
Licence in Kuwait
Central Bank of Kuwait, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What interest rate does the savings account pay?+

The savings account pays 0.062% on a variable basis, with interest credited on a set cycle rather than on demand. That return is thin for a savings market, and the account ranks 451 of 488 brands on headline rate.

Is there any monthly fee on the account?+

No monthly charge applies: fees come to KWD 0, and the account runs on a no monthly fee basis. There is also no ongoing minimum balance to hold, so the balance can move without triggering a charge.

Can I withdraw money whenever I want?+

Yes. The account is easy access, withdrawals are unlimited and there is no notice period, so money can be taken out as the need arises. Interest is credited on the bank's own cycle rather than at each withdrawal.

How much do I need to open the account?+

The opening deposit runs KWD 100 to KWD 500, which sits above the site median of €0.88. After that first deposit the balance can be topped up or drawn down freely, with no ongoing minimum.

Who regulates the bank?+

The banking business trades as National Bank of Kuwait, is headquartered in Kuwait and has been operating since 1952. It is regulated by the Central Bank of Kuwait, the central bank for that market.

What does the consumer loan offer?+

The consumer loan is a direct lender product covering personal, car and secured borrowing of KWD 25,000 over 12 to 60. Early repayment is free, a salary transfer is not required, and a minimum salary and adult age apply. The named use is home improvement.

What does the credit card cost to hold?+

The Classic card is a credit card with an annual fee of KWD 30 and an APR of 12%. Spending earns points in the NBK Rewards Program, and foreign currency conversion is charged at 3% to 5%.

How do I get help with the account?+

Help is offered through phone and help centre, which covers a phone line and a help centre. That suits people who prefer to speak to someone or read published answers rather than message a chat team.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Deposit protection.

National Bank of Kuwait

National Bank of Kuwait

A Kuwaiti easy-access savings account with KWD 0 in monthly fees and free withdrawals.

9.3/10See alternatives