Minimum salary
No minimum
Emirates NBD Savings Account
A savings account paying 0.20% p.a. interest on your minimum monthly balance, with a free debit card, cardless withdrawals, and no cheque book.
At a glance
Key facts
Monthly Fee
AED 26.25/month below AED 3,000
Annual Rate
0.2% interest
Minimum BalanceAED 3,000
The Emirates NBD Savings Account is a dirham account for money you want to keep apart from daily spending. It pays 0.2% a year and comes with a debit card, so the money stays reachable at ATMs and in shops. There is no cheque book.
Residents and non-residents can open one, and it can be opened for a child under 18. It can sit next to an Emirates NBD Current Account, which handles salary, bills and cheques.
Who can open it
Salary transfer
Not required
Residents & non-residents
Open to UAE residents and non-residents
Any employment status
Salaried, non-salaried, and minors can open an account
Valid Emirates ID
Valid Emirates ID (or passport for non-residents)
Fees and balance
In a month when your average balance is under AED 3,000, Emirates NBD charges AED 26.25. The average over the month decides the fee, while the lowest balance decides the interest, so the two are measured differently.
The fee is not charged on the Emirati package. It is also not charged on an account opened for a child, until the child turns 18. Closing within 6 months of opening costs AED 105.
Minimum balance
AED 3,000
Monthly fall-below fee
AED 26.25
How to avoid the monthly fee Meet any one of these conditions.
- Keep a balanceAverage monthly balance of AED 3,000 or more
- Emirati packageYou are on the Emirati package
- Minor accountThe savings account is opened for a minor under 18
Account closure within 6 months of opening
AED 105
In plain words
- Fall-below fee
- A monthly charge for holding less than the balance the bank asks for. Here it is AED 26.25, charged in a month when your average balance for the month is under AED 3,000. The average is taken over every day of the month, so a few low days do not trigger the fee on their own. It is not charged in a month when you stay at or above that amount. More on this
Interest
How interest works
PayoutHalf-yearly
- Calculated on the minimum monthly balance.
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
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 20
interest over 1 year
0.2%
a year
interest earned over time
Interest is worked out on your minimum monthly balance, which is the lowest balance the account held at any point in the month. Money you add part way through a month does not raise that month's figure, and one large withdrawal lowers it for the whole month. The bank credits the interest to the account twice a year.
Benefits
Interest on Your Balance
Earn 0.20% p.a. on your minimum monthly balance
Free Debit Card
Complimentary debit card for everyday transactions
Digital Banking Access
Manage your account anytime via app and online banking
Auto-Save & Standing Instructions
Automate your savings with recurring transfers
How to open
Before you apply
1.Open in the app.
2.No minimum salary.
3.Salary transfer is not required.
4.Minimum balance: AED 3,000.
5.Debit card included.
Application steps
1.Visit Emirates NBD digital account opening or a branch
2.Submit personal information and KYC documents
3.Upload your Emirates ID and proof of residence
4.Complete the verification process
5.e-Sign the account opening agreement
6.Fund the account to activate it
Good to know
Good option for
Keeping a reserve of AED 3,000 or more with card access to it, or starting a savings account for a child with no balance requirement.
Consider another account if
The rate is what matters to you, or your balance will average under AED 3,000, which is charged AED 26.25 a month. The savings accounts page compares rates across banks.
Frequently asked questions
Get answers to common questions about the Emirates NBD Savings Account
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