Just out of curiousity.. when commercialbank, gives you 4.09% p.a for the same things.. why are you banking with QNB? .... I bank with CBQ for their E-savings product, and i must say that I am one happy customer.
Excuse me farfromhome,courtesy demands that one answers question as polite as possible.I feel there is no need for insinuation or compound people's confusion if one doesn't know an answer to a question.Many people are confused in this country(Qatar) cos they can't get direct answers to simple,easy and direct questions.
The 2.25% is per annum on the minimum balance every month.For example,if you have QR10,000 as your minimum balance on the 30th/31st of the month,the interest on that in that month will be 10000*2.25/100/12= QR18.75.So if your bank gives interest every month,you'll get QR18.75 or if they give interest every 3 months you'll get QR18.75*3=QR56.25.
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Just out of curiousity.. when commercialbank, gives you 4.09% p.a for the same things.. why are you banking with QNB? .... I bank with CBQ for their E-savings product, and i must say that I am one happy customer.
Rgds,
J.J
Excuse me farfromhome,courtesy demands that one answers question as polite as possible.I feel there is no need for insinuation or compound people's confusion if one doesn't know an answer to a question.Many people are confused in this country(Qatar) cos they can't get direct answers to simple,easy and direct questions.
Use a calculator.
2.5% per month and everyone would be at the bank wanting to put in money.
The 2.25% is per annum on the minimum balance every month.For example,if you have QR10,000 as your minimum balance on the 30th/31st of the month,the interest on that in that month will be 10000*2.25/100/12= QR18.75.So if your bank gives interest every month,you'll get QR18.75 or if they give interest every 3 months you'll get QR18.75*3=QR56.25.