Mutual Funds
Four professionally managed funds from cautious to growth.
Investments and wealth
Save in gold, gram by gram
Keep the family tradition of saving in gold, from just JOD 10, stored safely by the bank and visible in your app.
Applications are not possible: this is a fictional test website.
Key benefits
Start from JOD 10
Buy a fraction of a gram whenever you have a little extra.
No safe at home
Your gold is held in the bank's vault, so there is nothing to hide or insure at home.
Monthly gold plan
Set an amount and buy gold automatically each month.
Take delivery
Convert your balance into physical bars from 5 grams.
Who it's for
For families who have always trusted gold.
- Parents saving towards a child's wedding
- Grandparents who give gold on birthdays and Eid
- Households that want a store of value alongside cash savings
- Savers who buy jewellery gold today and want a simpler way
Features
- Balance shown in grams and in JOD
- Live buy and sell prices in the app
- Monthly gold plan from JOD 10
- Gift grams to another Lanternvale customer
- Physical bar delivery from 5 g
- Annual statement
Rates and figures
| Item | Detail |
|---|---|
| Minimum purchase | JOD 10 |
| Buy/sell spread | 1.5% |
| Storage | Included |
| Physical bars | From 5 g, minting and delivery fee applies |
The price of gold rises and falls. Fictional figures for software testing.
Fees and charges
| Account opening | Free |
|---|---|
| Buy/sell spread | 1.5% |
| Storage | Free |
| Physical delivery (5 g bar) | JOD 18 minting and handling |
Eligibility
- Aged 18 or over (parents can hold a gold account in trust for a child)
- Lanternvale current or savings account
Documents you need
- National ID or passport
- Child's birth certificate for accounts held in trust
How to apply
- Open the Gold section in the app or visit a branch
- Link your current or savings account
- Buy your first grams or set a monthly plan
- Watch your balance in grams
Frequently asked questions
Is my gold real?
Yes. Each gram in your account is backed by physical gold held in the bank's vault.
Can the value fall?
Yes. The value of your gold follows the market price and can go down as well as up.
How do I sell?
Sell any amount in the app at the live price. The money reaches your account immediately.
Can I get jewellery instead of bars?
No. Delivery is in standard bars from 5 grams.
Related products
Noor Women's Savings Account
Savings with goal pockets and a free health-cover add-on, designed for women.
Little Lanterns Youth Savings
A savings account parents open for children aged 0 to 17.
You may also like
Little Lanterns Youth Savings
A savings account parents open for children aged 0 to 17.
The value of gold can fall as well as rise. Lanternvale Bank is fictional. Figures are examples for software testing. Products would be subject to local banking regulation.