Posted on January 23, 2018

Doha Bank continues to build on its reputation for offering the highest rates of return with the launch of a new premium fixed deposit scheme. The new scheme offers attractive returns for long-term deposits at a fixed rate of interest assuring customers of a guaranteed return on their money with compounded interests.

The latest in a series of high-interest fixed-rate deposit scheme for Doha Bank depositors, Al Jana 7 offers customers who set aside a sum of QAR 500,000 (or equivalent in USD or KWD) or more for a minimum of 2 years, a premium rate of interest that is substantially higher than what is normally available in the market.

Customers can choose from deposit tenures ranging from 2 to 5 years for their Al Jana 7 term deposits. The interest is fixed at a pre-determined rate – thus ensuring depositors are protected against the uncertainty of rate changes. Customer enjoys the benefit of interest being paid or capitalized every 6 months. Due to the longer term nature of the deposits, customers are assured of high returns on their savings, making Al Jana deposits one of the best and safest forms of relatively long term investments.

“Al Jana Series 7 allows customers to earn a stable return on their savings,” said Dr. R. Seetharaman, CEO of Doha Bank. “With Al Jana 7, customers have the flexibility of depositing in USD, QAR and KWD as per their preference, making it the perfect investment vehicle for those looking for guaranteed high rates of return till maturity. We expect demand for Al Jana 7, which is a limited-time offer, to be as strong as for the previous occasions,” he added. With interest rates that range from 3.50% to 3.75% for deposits in Qatari Riyal, Al Jana 7 offers compounded returns of 18.75% for a five-year deposit, 10.95% for a 3-year deposit and 7% for 2 years.

If that isn’t enough, a further value-added benefit awaits Al Jana 7 depositors in the form of a free VISA Infinite credit card with a limit of up to 90% of the Al Jana deposit amount with a maximum limit of QAR 500,000 and up to 2.5 million Doha Miles to enjoy free travel and hotel booking around the world. Al Jana 7 depositors can also avail of an exclusive loan from Doha Bank that gives them access to funds up to 90% of the value of their deposit at a preferential rate.

To learn more about Al Jana Series 7 or apply for the service, visit http://dohabank.qa/

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