| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
International Bank of Qatar - Super Savings Account
|
Minimum Balance: QAR 50,000 | Annual Fee: QAR 0 | Internet Banking: No | Features: Multiple Currencies |
Let your money work for you
ibq Super Savings account with free life insurance is a great way to get more for your money. You can now choose to save in any of the following the currencies: QAR, GBP, USD and EURO. The account offers a range of benefits including flexibility of withdrawals and free life insurance up to QAR 1,000,000.
Features & Benefits:
ibq Super Savings account with free life insurance is a great way to get more for your money. You can now choose to save in any of the following the currencies: QAR, GBP, USD and EURO. The account offers a range of benefits including flexibility of withdrawals and free life insurance up to QAR 1,000,000.
Features & Benefits:
- A debit card allowing you to withdraw cash and make payments
- Interest rates on the account as follows: 0.15%* p.a. interest rate for EURO, 0.50% for GBP and 1% for USD and 1.25% for QAR accounts
- Minimum balance of QAR/EUR/GDP/USD 10,000 to open or maintain the account
- To earn interest, a minimum balance of 50,000 QAR or 10,000 USD, EURO or GBP is required
- Complimentary life insurance of QAR 1,000,000 cover for accidental death and QAR 100,000 cover for natural death, for higher balances
- One free withdrawal each month without loss of interest
** 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.
