QIB Launches Qatar's First “Growing Deposit” on its Mobile App to Encourage Long Term Saving Habits
Doha, Qatar – 15 November 2022: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has launched an innovative new “Growing Deposit”, a first-of-its-kind in Qatar, through its award-winning QIB Mobile App.
“Growing Deposit” is a recurring, unique deposit account that allows QIB customers to place an amount of their choice each month and save money with ease. Growing Deposit gives more flexibility to the Deposit holders as they can choose to place a fixed amount each month for a period ranging from 2 years to 10 years in Qatari Riyals and/or US Dollars. The minimum monthly amount to open a Growing Deposit is QAR 2,000 or USD 1,000 and the profit ......Read More
