QNB Fidelity

  • QNB Fidelity is an investment product that enables its subscriber to benefit from scalable and profitable earnings over a pre-determined period.

Target Population

  • Tunisian customers, whether resident in Tunisia or abroad.

Characteristics

  • Minimum investment: 5000 TND
  • Period: 5 years
  • Currency: Dinars, convertible dinars
  • Earnings

Year 0

Year 1

Year 2

Year 3

Year 4

MMR

MMR+1%

MMR+2%

MMR+3%

MMR+4%

  • Payment of interests:Interests are payable at the end of each period of one year and at expiry for the remaining fraction of a year. 

Subscription terms

  • Method:All deposits should be invested upon subscription. Addional investment is not allowed after the initial subscription date.
  • Advance on a current account/ Overdrafts: Available up to 80%. In this case the bank receives at least fifteen days interest to be calculated according to the rate applied to QNB Fidelity, including a maturity plus one (1) percentage point.

Taxation

  • Interests paid to the QNB Fidelity account are subject to withholding tax at the prevailing rate on the date when interests are paid.

Sale arguments

  • Convenience: An investment over 5 years, with no risk of loss.
  • Availability: An advance on current account / Overdrafts of 80% of the invested amount is allowable. 
  • Profitability: Profitable, scalable and more advantageous earnings compared to the earnings of a Special Savings Account, a Term Deposit or a pre-determined Cash Voucher with favorable rates.
  • A subscriber to a Fidelity financial product can have multiple financial products at the same time (same product).

Market Data

Last Update : Friday 29 May 2020