| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Internationa Bank of Qatar - Young Saver Account
|
Minimum Balance: QAR 100 | Annual Fee: QAR 0 | Internet Banking: No | Features: Savings Account, No Salary Transfer |
Save for their future
ibq Young Saver account is a savings account especially designed for youth below the age of 18.
The Young Saver account offers a range of superior features that grows with you.
Features & Benefits:
Features & Benefits:
- Opening balance of QAR 100
- 1.25%* annual interest rate
- Free quarterly statements
- Instant MasterCard debit card for cash withdrawals and payments anywhere in the world (issued to parent or guardian)
- Regular saving option through a freestanding order
- Special welcome gift
- Annual birthday gift
** 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.
