Minimum age
18 years
CBD GreenGrowth Account
CBD GreenGrowth Account is a cardless AED savings account with no minimum balance. It pays 0.5% to 1.25% a year by balance band, with three debits a month.
At a glance
Key facts
Monthly FeeNo monthly fee
Minimum BalanceNo minimum balance
Account TypeSavings
Account access
No debit card included.
Offered to self-employed and salaried individuals. Salaried applicants need a minimum monthly salary of AED 5,000. Branch transactions are restricted.
Open in the app.
CBD GreenGrowth Account, previously called E-saver, is a digital savings account in dirhams. There is no minimum balance and no maintenance charge, so it costs nothing to keep. In return it is built for money you leave alone: it has no debit card, branch transactions are restricted, and you run it through CBD online banking, the mobile app or ATM and cash deposit machines. Interest is paid every month, and the rate depends on how much you hold. The account also carries a green pledge. When your quarterly average balance reaches AED 25,000, CBD plants one mangrove tree on your behalf. For savings you want to spend from by card, the CBD Savings Account is the alternative.
Who can open it
Residency
UAE resident or national
Salary transfer
Not required
Fees and balance
Minimum balance
None
Monthly fee
Free
Fall-below fee
Free
Interest
Interest is calculated by splitting the monthly average balance across the rate bands. No interest is credited for a month after the 3rd debit transaction; the account must have been open for the whole calendar month.
Annual interest rate
| Your balance | Rate a year |
|---|---|
| From AED 0, up to AED 24,999 | 0.5% |
| From AED 25,000, up to AED 99,999 | 0.75% |
| From AED 100,000, up to AED 999,999 | 1% |
| From AED 1,000,000, up to AED 4,999,999 | 1.25% |
| From AED 5,000,000 | 0.5% |
| Your balance | Rate a year |
|---|---|
| From AED 0, up to AED 24,999 | 0.5% |
| From AED 25,000, up to AED 99,999 | 0.75% |
| From AED 100,000, up to AED 999,999 | 1% |
| From AED 1,000,000, up to AED 4,999,999 | 1.25% |
| From AED 5,000,000 | 0.5% |
PayoutMonthly
Calculated onAverage monthly balance
Rate applies toOnly the balance portion in this band
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
- Balance bands
- The rate changes with how much you hold. Each band is a range of balance with its own rate. Each rate applies only to the part of your balance that sits inside its band, so a larger balance earns several rates at once, one for each band it fills. More on this
- Which balance counts
- The return is worked out on your average balance across the month, so money held for only part of the month counts in proportion. 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 50
interest over 1 year
0.5%
a year on this balance
interest earned over time
The rates work like steps, and each rate is paid only on the part of your balance that sits on that step. So a balance of AED 150,000 is not paid 1% throughout: its first slice earns 0.5%, the next slice 0.75%, and only the amount above AED 100,000 earns 1%. Each month's interest is worked out at the rates valid for that month.
Benefits
Monthly Interest Payout
Interest credited at the end of each calendar month on your average balance
Mangrove Tree Planting
One mangrove tree planted for you when your quarterly average balance reaches AED 25,000
Digital Account Management
Balance and statements available online, with account closure handled in the CBD app
How to open
Before you apply
1.Offered to self-employed and salaried individuals. Salaried applicants need a minimum monthly salary of AED 5,000. Branch transactions are restricted.
2.Open in the app.
3.Salary transfer is not required.
4.No minimum balance.
5.No debit card included.
Application steps
1.If you already bank with CBD, log in to the CBD app and apply for a GreenGrowth Account.
2.If you are new to CBD, have your passport, residence visa and Emirates ID ready.
3.Visit a CBD branch to apply, or register your interest and the bank will call you back.
4.If you are salaried and opening the account for salary transfer, provide a salary transfer letter.
Good to know
Good option for
Savings you top up and rarely withdraw, especially if you want no minimum balance and no monthly fee. Salaried applicants need a monthly salary of AED 5,000 or more.
Consider another account if
You need a card on the account or expect more than three transfers or payments out in a month. A standard savings account may suit regular spending better.
Three debits a month
You can make up to three debits a month, counting transfers and payments, with no effect on your interest. After the third, the account pays no interest for that month. Interest is also paid only for a calendar month in which the account was open from the first day to the last.
Frequently asked questions
Get answers to common questions about the CBD GreenGrowth Account