| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Barwa Bank - Jeelkum Savings Account
|
Minimum Balance: QAR 10,000 | Annual Fee: QAR 0 | Internet Banking: No | Features: Islamic Banking, Savings Account, No Salary Transfer, Islamic Finance |
Barwa Bank has launched the Jeelkum High Profit Savings Account to help safeguard and plan for the prosperity of our future generation. You can make a single investment up to 2 million QAR or invest monthly from your salary to build a future fund. Create a safety net for a child or teach your kids about the importance of saving with an account that historically has offered one of the highest profit rates in Qatar!
Features & Benefits:
Features & Benefits:
- Super Savings Account for Kids
- A savings account which pays highest profit rate in the market
- A super savings account that provides ready access to account
- Easy deposits and cash withdrawals
- Expected profit rate is 2.0% p.a
- Initial Deposit: QAR 10,000
- High Profit paid on monthly basis
** 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.
