| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Mashreq Basic Savings Account
|
Minimum Balance: QAR 0 | Annual Fee: QAR 0 | Internet Banking: No | Features: Savings Account, No Salary Transfer |
The Basic Savings Account from Mashreq gives you the freedom to conduct your banking transactions at no cost, while earning a return on your deposit.
Mashreq Basic Savings Account Features:
Mashreq Basic Savings Account Features:
- Transactional flexibility and savings benefits with a single account
- Rate of return of 0.25%
- No account fees
- A free VISA Debit Chip Card that can be used to withdraw cash at over 400,000 ATM's and make purchases at over 14 million retail outlets around the world
- Salaam Rewards
** 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.
