| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Ahli Bank - Ultra Savings Account
|
Minimum Balance: QAR 10,000 | Annual Fee: QAR 0 | Internet Banking: No | Features: Savings Account, No Salary Transfer, Life Insurance |
Provides a combination of a savings account paying a competitive interest rate and accidental life insurance cover
Features & Benefits:
Features & Benefits:
- Earn a competitive interest rate on balances above QAR
- 10,000 for every month the balance is held, subject to a
- maximum balance of QAR 2M
- Free accidental life insurance cover up to double your
- account balance up to maximum of QAR 300,000
- Only available in QAR
- Can be opened for minors and joint accounts
- Secure and instant access to your account with an Ahlibank Debit Card
- Overdraft facility is available for up to 90% of your balance held in Ultra Savings Account
- Above 18 years of age at the time of application
- For minors, their legal guardian can open an account
- Valid Qatar ID Card and Passport with valid resident permit for Expatriates
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
