Personal Accounts Deposit accounts Special Deposit
Back to Deposit accounts

Special Deposit

Enjoy flexible profit payments with QIB’s Special Deposit. Choose when you receive your returns and grow your savings confidently.

Special Deposit Arrow Right

Money illustration representing finance or payments.

Attractive profit payout

Payment card surrounded by icons representing shopping, travel, and digital services.

Multiple tenor options

Money illustration representing finance or payments.

Open to all ages

Deposit details

  • Profit payout options: Receive your profits your way - upfront, monthly, quarterly, or at maturity - to suit your financial goals.
  • Multiple deposit tenors: Pick from 1, 2, 3, or 5-year terms to suit your financial plans.
  • Early redemption benefits: Fully redeem your deposit before maturity (subject to conditions).

Deposit & tenure details

  • Minimum deposit amount of QAR 100,000.
  • Finance of up to 90% of the deposit amount.
  • Full redemption is allowed. Partial redemption is not available.
  • Auto renewal is not available. Upon maturity, a new deposit can be initiated by submitting an application form.

Early redemption:

  • If redeemed after 6 months: Profit will be paid as per the profit rates every quarter for the tenor (until the date of maturity); profits already paid will be deducted from the principal, along with a 0.10% nominal redemption fee.
  • If redeemed within 6 months: No profit will be paid for early redemption, and paid profits will be deducted from the deposit principal amount. A further deduction of 0.10% as a redemption fee will be applied.

Documents required:

  • Completed application form (can be done online or at the branch).
  • Copy of your QID (for both locals and expats).
  • Copy of your passport (only for expats).

  • Proceed to any QIB Branch to apply for a Special Deposit
Alternative Deposits
English banner promoting sustainable flexi account.

Flexi Certificate of Deposit

Benefits:

  • CheckCircle Competitive expected profit rates
  • CheckCircle Available in multiple currencies
  • CheckCircle Partial redemption allowed
Apply Now Read More
Mobile screen and notebook visuals showing the steps of setting goals, selecting monthly amounts, and saving with QIB Growing Deposit.

Growing Deposit

Benefits:

  • CheckCircle Competitive expected profit rates
  • CheckCircle Supports long-term savings goals
  • CheckCircle Available in multiple currencies
Apply Now Read More
Banner promoting term deposit with multiple profit payout options.

Term Deposit

Benefits:

  • CheckCircle Flexible deposit tenors
  • CheckCircle Low minimum balance requirement
  • CheckCircle Available in multiple currencies
Read More
Related products

Protect yourself from fraud

Your security is our top priority. Spot scams and protect your personal information with simple tips that help you bank with confidence.

Get More Tips
Keyhole icon representing access, privacy, or security concept.

Private information

Keep your information private: Never share passwords, PINs, or OTPs.

Shield icon with slash representing disabled protection or blocked security.

Recognize spam

Spot suspicious messages: Ignore unexpected emails, calls, or links asking for sensitive banking details.

Seal icon with question mark representing verification or inquiry.

Verify contact

Confirm before you share: Always verify the identity of the person or organization before responding.

Get More Tips

Frequently asked questions

Special Deposit is a fixed-term investment product that offers flexible profit pay-out options based on your preferences.

The minimum deposit required to open a Special Deposit Account is QAR 100,000.

Yes. You can select from fixed tenures of 1, 2, 3, or 5 years to suit your savings goals.

You can choose to receive your profit as a monthly pay-out, quarterly pay-out, upfront, or maturity pay-out.

Yes. They fall under the category of specified investment products due to their structured terms and profit options.

No, the profit pay-out option must be selected at the time of deposit and cannot be changed mid-term.

The profit rate is fixed for the duration of the deposit term.