SMART saver is recurring deposit where you invest a fixed amount of your choice on a monthly basis for a fixed tenure, range from 1year to 5 years. As the name says, the SMART saver is a systematic smart way of saving money as per your individual capacity. The embedded insurance benefits ensure that life’s uncertainties do not disturb your plans and aspiration.
The SMART Saver Deposit automatically entitles you to free life insurance cover, equal to your deposit maturity value excluding interest amount. (Up to a maximum amount of QR 300,000/-).
Your Deposit earns interest on a daily basis, and is capitalized on monthly basis. This gives you a much higher interest rate annually.
The Deposit can be opened in either QAR/AED/KWD/USD/EUR/GBP.
When deposit accumulated balance is above QR 10,000 (or equivalent in other currencies), you will be eligible to participate in the monthly Al Dana draw.
Decide a fixed amount you want to save every month, and it will be automatically debited from your saving/current account and put into your SMART Saver Deposit.
Avail a loan upto 95% per cent of the cumulative value of deposits to meet your urgent financial requirements.
Note: 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.