| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Ahli Bank - Term Deposits
|
Minimum Balance: QAR 50,000 | Annual Fee: QAR 0 | Internet Banking: No | Features: Multiple Currencies, Deposit Account |
Provides an attractive return for the time period you choose. Fixed Term Deposits are an investment product with a fixed maturity and fixed interest rate.
Features & Benefits:
Features & Benefits:
- Interest rates vary depending on: amount, time period and currency of the deposit
- Minimum deposit period 1 month
- Available in a range of currencies including; QAR, USD, GBP and Euro
- Available to individuals, minors, joint accounts and companies
- Overdraft facility is available for up to 90% of your balance held in Term Deposits
- Above 18 years of age at the time of application
- For minors, their legal can open an account
- Valid Qatar ID Card and Passport with valid resident permit for Expatriates
** 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.
