Minimum salary
No minimum
ADCB Savings Account
ADCB Savings Account pays 0.1% a year on your lowest balance of each month, credited twice a year. It opens with AED 5,000 and includes a debit card.
At a glance
Key facts
Monthly FeeFree to AED 100/month
Minimum SalaryNo minimum salary
Interest PayoutHalf-yearly
The ADCB Savings Account is the bank's basic place to hold money you do not need straight away. It pays a small amount of interest and still gives you a debit card on the dirham account, so the money stays easy to reach. There is no cheque book. Both UAE residents and non-residents can open one, and the opening amount is AED 5,000. Holding it also makes you eligible for ADCB's higher-paying add-on accounts, including the Super Saver and the Goal Savings Account.
Who can open it
Salary transfer
Not required
Fees and balance
This account has no fee of its own. What you may pay is ADCB's relationship fee, which is set once for you as a customer across all your accounts. It is zero when your total relationship balance is AED 20,000 or more, and your savings balance counts toward that total along with current and call accounts, fixed deposits and investments. A salary of AED 15,000 or more paid directly into ADCB also clears it, as does a smaller salary combined with an ADCB credit card, overdraft or loan. Without any of these, the fee is AED 25 a month for a customer with a smaller salary transfer and AED 100 a month for other Aspire customers.
Minimum opening amount
AED 5,000
Monthly fee
Free
Total relationship balance of AED 20,000 or more, a salary transfer of AED 15,000 or more, or a smaller salary transfer with an ADCB credit card, overdraft or loan.
Monthly fee
AED 25
Salary transfer under AED 15,000 without an ADCB credit card, overdraft or loan.
In plain words
- Fee levels
- The monthly fee has more than one level. The condition you meet decides which one applies, and you pay that one level only, never the levels added together. More on this
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. Closing within the first 30 days carries no charge either. More on this
Interest
How interest works
PayoutHalf-yearly
Calculated onLowest balance in the month
- A minimum interest payment of AED 15 applies.
In plain words
- Annual rate
- The rate is quoted for a full year. Money held for part of a year earns the matching part of it. More on this
- Which balance counts
- The return is worked out on the lowest balance the account held during the month, so a withdrawal lowers the return for that whole month. More on this
What your money earns here
Held for
1 year
The amount and the rate stay the same for the whole period, and the interest is paid out, not added to the balance. Try other rates
AED 10
interest over 1 year
0.1%
a year
interest earned over time
Interest is worked out on the minimum monthly balance. That means the lowest amount your account held at any point in the month, so one large withdrawal lowers the interest for that whole month. ADCB adds up the interest monthly and pays it at the start of January and the start of July, and only if the account is still open on the payout date.
Benefits
Debit Card
A debit card is available on dirham savings accounts.
Free E-Statements
Statements within the statement cycle are sent free by email.
How to open
Before you apply
1.No minimum salary.
2.Salary transfer is not required.
3.Minimum opening amount: AED 5,000.
4.Debit card included.
Application steps
1.Residents: prepare your original passport with a UAE residence visa valid for more than 30 days, your Emirates ID and a salary certificate.
2.Non-residents: prepare your passport, visit visa copy with entry stamp, a three-month stamped bank statement and a letter of introduction from an ADCB customer.
3.Start the application online on ADCB's savings and call accounts page.
4.Fund the account with the AED 5,000 opening amount.
Good to know
Good option for
A first savings account at ADCB that keeps a debit card, or a base account for opening the bank's add-on savers.
Consider another account if
The rate matters to you. The Active Saver pays monthly on your daily balance, and you can compare it with other savings accounts.
Frequently asked questions
Get answers to common questions about the ADCB Savings Account