| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Commercial Bank of Qatar - Young Saver Account
|
Minimum Balance: QAR 0 | Annual Fee: QAR 0 | Internet Banking: No | Features: No Salary Transfer |
With CBQ straightforward Young Saver Account you can plan for your children’s future.
Features & Benefits:
You need to hold or be applying for a valid Resident Permit and the child you are opening the account for needs to be less than 18 years of age.
Features & Benefits:
- Free to make deposits whenever you like and backed up by support and guidance, you’ll be encouraging your child to save and learn about the value of money and how to stay on top of their finances.
- No charge when you open a Young Saver Account.
- Deposits can be made by post, via electronic transfer, over the counter or through selected ATMs
- Currency options: Qatari Riyals.
You need to hold or be applying for a valid Resident Permit and the child you are opening the account for needs to be less than 18 years of age.
** 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.
