CPA – Your Local Bank in Algeria

Because your future is important to us, Crédit Populaire d'Algérie offers a range of savings products to suit your needs.

This range includes two products: the “Housing Savings Book” and the “Bank Savings Book”.

Whether you want to buy a property, secure your and your family's future, finance your favourite projects, or simply prepare for the unexpected, CPA's savings books are designed to meet all your needs.

OUR SAVINGS BOOKS

Bank Savings Book

Build up your savings and protect yourself against life's unforeseen events with the CPA savings account.

With the Bank Savings Book, manage your assets and make your savings plan a success.

What is a Bank Savings Book?

It is an interest-bearing sight deposit offered to private individuals. It is intended for savings and earns interest in accordance with the bank's general terms and conditions.

The Savings Book is associated with a savings account (bank or housing), which automatically records all account transactions.

For whom is it intended?

The Bank Savings Book is open to all natural persons of Algerian nationality.

What are the advantages?

With a Bank Savings Book, your money remains available at all times, and you can also:

• Build up a flexible security fund;
• Manage your savings;
• Invest your money in a safe place;
• Earn interest in due course.

Interest rates

The interest rate is set in accordance with the bank's general terms and conditions.

Are there any limits on the amounts I can earn?

Sums deposited in the Bank Savings Book earn interest at the current variable rate (in accordance with the Bank's General Terms and Conditions) and are settled quarterly.

There is no ceiling on the amount of interest that can be earned.

Can a minor have a savings account?

A savings account can be opened for minors, but requires the assistance of a legal representative to complete the formalities for opening and operating the account. However, the savings account will operate under the sole responsibility of the legal representative until the account holder reaches the age of majority, at which time he or she will become the only person authorised to operate the account. The account holder will therefore be asked to sign a new specimen signature to replace the first one, drawn up in the name of the legal representative.

Housing Savings Book

Buying your own home is a lifelong dream. With the CPA Housing Savings Book, you can save money at your own pace to prepare for your future project, and then apply for a real estate loan at a preferential rate.

The Housing Savings Book stands out from other investment products thanks to the benefits it offers.

HSB/CPA, the solution that opens the door to your home.

What is a Housing Savings Book?

The Crédit Populaire d'Algérie Housing Savings Account to which the book is associated, known by its abbreviation “H.S.B/CPA”, is an investment product designed to encourage savings for housing financing.

For whom is it intended?

This account can be opened by any natural person of Algerian nationality.

What are the advantages?

• An attractive interest rate.
• The possibility of building up savings through regular payments.
• Customers who have been saving with the CPA for at least three years, and who have accumulated interest equal to at least 3.5% of the amount of the loan applied for, can benefit from advantageous rates and terms.

Interest rates

Sums deposited in the “H.S.B CPA” bear interest at the current variable rate (in accordance with the Bank's General Terms and Conditions) with an annual statement.

Can minors have savings accounts?

Minors may be represented by their legal guardians, who act on their behalf until they reach the age of majority. As a result, once they reach the age of majority, the holder of the Bank Savings Account will be the only person authorised to make withdrawals.

In this case, the branch must provide them with a specimen signature and cancel the previous account opened in the name of the legal representative.

Minor holders of an HSB CPA are not entitled to the benefits of real estate loans until they reach the age of majority.