You’re in control – there’s no fixed term and you can even apply for an overdraft. Interest is paid monthly, so you’ll be earning more than other savings accounts.
You can add to your account whenever you like and you can also make withdrawals. If you’ve got cash in another bank not earning interest, why not transfer it to eSavings and watch your money work harder?
You don’t even have to change banks, you can leave your Current Account and salary payment right where they are. Just call us up, fill in a form and make a deposit. It’s that easy.
We offer competitive, guaranteed interest rates and can pay interest into your Commercial Bank Current Account, Savings Account or Call Account. Alternatively, we can simply add it to your eSavings Account, so you’ll get the most from our interest rates and increase your wealth even more.
To apply you need to be over 18 and a resident in Qatar.
Can I open a joint account?
eSavings can normally only be opened in a single name, but if you already hold a joint Current Account with Commercial Bank you can open the account jointly.
We don’t charge for opening an eSavings Account.
There is an initial minimum deposit of QAR 20,000. After that, you can deposit any amount, whenever you like, by cash or cheque in-branch or by electronic transfer from a third-party bank.
We’ll update your balance immediately, whenever you make a payment.
You can do this at any time online using Internet Banking – the minimum withdrawal is QAR 10,000 and the maximum is QAR 100,000. If you prefer, a
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branch withdrawal can be arranged.You will not be issued with an ATM card, so withdrawals using ATMs will not be possible.
You can hold an eSavings Account in Qatari Riyals and US Dollars.
When is interest paid?
We’ll credit monthly interest to your account on the first business day of each succeeding month, based on the lowest balance for the month.
How do I check my balance?
You can check it online using internet banking, mobile banking and SMS banking, or you can enquire at the branch or via telephone banking.
How often will I receive a statement?
You won’t receive statements for your eSavings account, but you can check your account history for the previous six months online via Internet Banking.
Ways to bank:
You can bank by phone, SMS, mobile, ATMs and in-branch.