Al Jana Fixed Rate Bond Series 6

Al Jana 6 is the latest in a series of High Interest Fixed Rate Bond Deposits created for Doha Bank depositors. If you can set aside more than QAR 100,000 (or equivalent in USD, AED or KWD) for at least 3 years, we will pay you a premium rate of savings interest.


The Al Jana interest rates are detailed below and fixed in advance to assure you of a guaranteed return on your money.

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How does Al Jana work?

Long term deposit periods – A fixed rate bond is a type of long term deposit account set up for a pre-determined period of time. In the case of Al Jana, this is either 3, 4 or 5 years. You choose. During this period, the interest is fixed at a pre-determined rate and is paid to your Al Jana Bond account every 6 months.

Higher Yields – Returns available through on Al Jana 6 are a lot higher than normally available because of the longer term nature of your deposit. And you will have peace of mind that these higher rates of return won’t change. At the end of the Bond term you have selected i.e. 3, 4 or 5 years, your original deposit and the total yields will be paid to you.

Access to your Cash – Your cash will be tied up for the duration you have chosen. However, we will provide you with a Visa Platinum credit card with a limit of up to 80% of your Al Jana deposit amount (up to a maximum card limit of QAR 500k). Alternatively, we will give you a loan up to 85% of the value of your deposit at 1% over the underlying Al Jana interest rate.

Limited Availability, Apply Now – We expect demand for Al Jana 6 to be as strong as for previous releases. As the Al Jana service could be withdrawn at any time, we recommend that you apply now and deposit your funds at the earliest opportunity to be certain of the highest interest yields available.

 

Al Jana Bond Yields

Compounded returns over the duration of your Al Jana Fixed Rate deposit are as follows:

2 Year Yields 3 Year Yields 5 Year Yields
QAR 5.61% 9.34% 18.94%
USD 4.06% 7.74% 16.05%
AED 7% 7.74% 16.05%
KWD 7% 7.74% 16.05%

Al Jana Rates of Interest

The high yields detailed in the above table correspond to these underlying rates of interest:

 

Deposit your money for a minimum of…

Deposit Currency 2 Years 3 Years 5 Years
QAR 2.75% p.a. 3.0% p.a. 3.50% p.a.
USD 2.00% p.a. 2.5% p.a. 3.00% p.a.
AED 2.25% p.a. 2.5% p.a. 3.00% p.a.
KWD 2.25% p.a. 2.5% p.a. 3.00% p.a.

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Key Terms and Conditions

  • Doha Bank’s retail, commercial and corporate lending products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.
  • Al Jana 6 is only offered to private individual depositors and is not applicable to corporate customers.
  • Premature withdrawal of your Al Jana deposit is permitted but if this happens before 12 months have elapsed since the start of your bond then no interest will be paid. After 1 year, settlement is allowed although your interest will be paid less a penalty of 1.5% p.a. deducted from the applicable interest rate.
  • Maximum Al Jana deposit of QAR 5 million or equivalent per individual depositor.

Click here to view the full Al Jana terms and conditions.

Interest Rates

Note:

Doha Bank’s retail, commercial and corporate products are granted at our sole discretion and are subject to the Bank’s terms, conditions and acceptance.