SavingsLIV DIGITAL BANK BY EMIRATES NBD
Liv Goal Account
No monthly fee
Interest rate: Up to 4% p.a., paid monthly
No minimum balance
- Draw Entry
- Per AED 10,000
- Monthly Prize
- AED 1 million
- Grand Prize
- AED 4-5 million
Liv Millionaire Account
A fee-free savings account that pays no interest and enters you into monthly cash draws instead, with one entry for every AED 10,000 you hold.
Opened from inside the Liv app. You need a Liv Primary Account first.
Staff code
KREDIT
Liv asks for this on the Contact details screen when you open your account.
The Liv Millionaire Account pays no interest. Money held here earns entries into a monthly AED 1,000,000 draw plus a grand prize of AED 4–5 million instead of a rate.
The cost of that is measurable. AED 100,000 in a Goal Account on Liv Max earns 3.5% a year, or AED 3,500. The same AED 100,000 here earns ten draw entries and nothing else, so those ten entries cost AED 3,500 a year. For most balances this is entertainment with a known price, not an investment strategy.
Benefits
Monthly And Annual Draws
AED 1 million monthly, and a grand prize up to AED 5 million
The grand prize is AED 5 million for Emirati individuals and AED 4 million for expatriate individuals. Alongside the monthly AED 1 million there are over 100 monthly winners of AED 100,000, AED 10,000, AED 3,000 and AED 2,000.
One Entry Per AED 10,000
Entries scale with your balance, and carry over month to month
Every AED 10,000 held earns one entry, and incremental balances across your accounts add further entries. Existing balances carry over rather than resetting.
No Fee Or Minimum Balance
Free to open, free to close, nothing to maintain
There is no monthly fee, no minimum balance and no closure fee. The trade is that the account pays no interest — the draw is the return.
Fees
There is no minimum balance to open and no account fee. A small balance is not penalised; it simply earns few entries.
Whether the account costs you anything depends on what the money earned before. If it would otherwise sit in a current account earning nothing, the entries are free. If you are on the Classic plan, the Goal Account has paid nothing since March 2026, so the 3.5% comparison above only holds if you are paying for Liv Max. Check what your savings currently earn before deciding what this account costs.
Free
Opening
Free
Monthly fee
No minimum balance and no fall-below fee.
Free
Closure
Eligibility
18
Minimum Age
UAE resident or national
Residency
A Liv Primary Account
This is an add-on savings account, opened from inside the Liv app.
AED 10,000 to enter a draw
The account opens with nothing; the balance is what earns entries.
How to open
How to open a Liv Millionaire Account
1.Open the Liv X app on your existing Liv Primary Account.
2.Go to accounts and add the Millionaire Account.
3.Transfer money in from your Primary Account.
4.Hold AED 10,000 or more to earn draw entries.
Documents
Good to know
How money moves in and out
The account has no debit card and no cheque book, and outward transfers go to your Liv Primary Account only. Money comes in from your Liv account and leaves the same way.
This is a holding account, not a spending account, and it cannot double as an emergency fund you can reach directly.
How draw entries accrue
Entries accrue at one per AED 10,000 held, with more on incremental balances across your accounts. Balances carry over rather than resetting each month, so a stable balance accumulates standing without needing to be topped up before each draw.
Frequently asked questions
Get answers to common questions about the Liv Millionaire Account
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