Account opening fee
Free
Liv Millionaire Account
A savings account with no minimum balance that pays no interest and enters you into monthly cash draws, with one entry for every AED 10,000 you hold.
Opened from inside the Liv app. You need a Liv Primary Account first.
Liv asks for a staff code on the Contact details screen. Open account to get yours.
At a glance
Key facts
Draw Entry
Per AED 10,000
Monthly PrizeAED 1 million
Grand Prize
AED 4-5 million
Account access
No debit card included.
Open in the app.
An existing account with the bank is required.
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.
Who can open it
Minimum age18 years
ResidencyUAE resident or national
A Liv Primary AccountThis is an add-on savings account, opened from inside the Liv app.
AED 10,000 to enter a drawThe account opens with nothing; the balance is what earns entries.
Fees and balance
Balance requirements
- No minimum balance.
Account charges
There is no minimum balance, and opening and closing the account are free. 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.
Account closure fee
Free
Benefits
Monthly And Annual Draws
AED 1 million monthly, and a grand prize up to AED 5 million
One Entry Per AED 10,000
Entries scale with your balance, and carry over month to month
No Minimum Balance
Free to open, free to close, no minimum balance
How to open
Open in the app.
An existing account with the bank is required.
Application steps
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.
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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