ADCB Active Saver Account

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A savings account allows you to keep track of your transactions and secure money. It is one of the best ways of keeping your money liquid while earning profitable interest rates on your savings account. ADCB Active Saver Account offers a higher rate of interest on your finances which maximizes your profit earnings and allows you to reach your savings goals at a faster pace.

What is ADCB Active Saver Account?

Addressing your need for higher interests, Abu Dhabi Commerce Bank offers an Active Saver Account which allows you to save money for your child’s education or a vacation or wedding at a faster pace. It is an online account that allows you to meet your goals earlier than expected.

Features and Benefits of ADCB Active Saver Account

Higher Savings

The rate of profits offered by the ADCB Active Saver Account is among the highest in the UAE. The interest rates provided by ADCB Active Saver Account are calculated daily. Based on your daily account balance, the interest will be calculated and transferred to your bank account monthly. The daily interest calculation empowers you to earn compound interest and enhance your savings.

Round the clock banking

Since ADCB Active Saver Account is an online banking account, you can use banking services on your savings account irrespective of the time. This empowers you to operate your finances at your convenience.

Open multiple accounts

When your financial needs and goals are many, why should you have just one account? ADCB understands that you may have different financial goals such as a child’s education, buying a home, buying a car, etc. Allowing you to set financial goals for your many dreams and goals, ADCB allows you to take advantage of the ADCB Active Saver account up to 5 times. It means that you can set up 5 different Active Saver Accounts for five different goals and earn the highest profits on your savings.

No transfer can escape your attention!

ADCB Active Saver Account provides you with free monthly statements on your registered account which allows you to keep track of your monthly transfers.

Free SMS Alert

Besides, monthly statement, Abu Dhabi Commerce Bank immediately sends you an SMS alert on every transaction you make so that you have a better grip on your transactions.

No minimum balance restrictions

In comparison to other savings account, the ADCB Active savers account allows you to save more money since it does not require you to maintain any minimum balance. Even if the account balance is zero, the company will not levy any charges on your bank account which will allow you to make more savings.

Utility Bills

On the ADCB Active Saver platform, you can pay for your utility bills with one click:

  • AADC
  • ADDC
  • DEWA
  • Etisalat
  • WASEL

Interest Rate Offered by ADCB Active Saver Account

The interest rates offered by ADCB Active saver account on AED are as follows:  

  Balance Interest Rate
Tier 1 Less than AED 10,000 0%
Tier 2 AED 10,000 to less than AED 500,000 0.25%
Tier 3 AED 500,000 to less than AED 2 Million 0.40%
Tier 4 AED 2 Million to AED 10 Million 0.60%
Tier 5 Above AED 10 Million 0.20%

The interest rates offered by ADCB Active saver account in USD are as follows:

  Balance Interest Rate
Tier 1 Less than USD 10,000 0%
Tier 2 USD 10,000 to less than USD 500,000 0.25%
Tier 3 USD 500,000 to less than USD 1 Million 0.30%
Tier 4 USD 1 Million to USD 5 Million 0.35%
Tier 5 Above USD 5 Million 0.20%

The interest rates offered by ADCB Active saver account on GBP are as follows:

  Balance Interest Rate
Tier 1 Less than GBP 10,000 0%
Tier 2 GBP 10,000 to less than GBP 100,000 0.05%
Tier 3 GBP 100,000 to less than USD 1 Million 0.10%

Please note:

  • In case the interest earned on your savings is less than AED 15 or USD 5 or equivalent amount in GBP per month, no interest will be transferred to your account.
  • To earn the highest profits on AED currency, maintain an account balance between AED 2 Million to AED 10 Million.
  • To earn the highest profit on USD currency, maintain an account balance between USD 1 Million to USD 5 Million.
  • To earn the highest profit on GBP currency, maintain an account above GBP 250,000.

Fee & Charges on ADCB Active Saver Account  

Cash Withdrawals AED 52.50
AED transfers within UAE AED 5.25
Statement of Account previous cycle AED 26.25 per cycle
Account Closure AED 105
Minimum Initial balance AED 1000*

*If you are depositing money using USD or GBP currency, the minimum initial balance will be USD 1000 and GBP 1000 respectively. Besides, a 5% VAT will be levied on all the charges as per the norms established in the UAE.

Currency Accepted

You can open your ADCB Active Saver Account .using AED, USD, or GBP currency.

Eligibility Criteria for ADCB Active Saver Account

To open an ADCB Active Saver Account you should be either a UAE National or UAE resident with a valid visa. Besides, you should be at least 21 years old. Only existing ADCB customers who hold a savings or current account are eligible to open the account.

Documents required for opening an ADCB Active Saver Account

Since only existing customers can open an ADCB Active Saver Account, no additional documents are required except your ADCB login ID.

How to Apply for ADCB Active Saver Account

To open ADCB Active Saver Account:

  • Login to your ADCB Personal Internet Banking
  • Select ‘open new account’
  • Click on ‘Active Saver AED’ or ‘Active Saver USD’ from the dropbox
  • Fill the online active saver application form
  • The bank will generate your account number online in a few minutes

You can also open your account on policybazaar.ae

  • Visit policybazaar.ae
  • Fill the online application form
  • Submit your ADCB Savings or current account details
  • Your account number will be generated in a few minutes

FAQs on ADCB Active Saver Account

Q1: Will I get a cheque book with an ADCB Active Saver account?

Ans: No, since ADCB Active Saver is an online savings account, cheque book is not provided with this account.

Q2: Will I get an ATM Card with my ADCB Active Saver account?

Ans: No, since the purpose of this account is to discourage withdrawals and allow you to save more, an ATM card is not provided with this card.

Q3: How can I borrow money from this account without cheque book and ATM Card?

Ans: In the case of an online transaction, you can directly make the payments. However, to borrow cash, transfer money to another and borrow cash through that account.

Q4: I do not have an account in ADCB bank, how can I open an ADCB Active Saver Account?

Ans: You can open a current or savings account in ADCB to open an ADCB Active Saver Account.

Q5: Can my salary be directly transacted to this account?

Ans: No, direct salary transaction is not permitted.

Q6: How can I know how much will I earn on my savings?

Ans: You can visit the ADCB website to use a savings calculator which will give you details of the amount you will earn on your savings.

Laxita Gautam
Laxita Gautam0 Post

Senior Content Writer | She functions on classic British fiction, Japanese manga, and strong americanos. Laxita is tailor-made to create engaging, interactive pieces that offer simplified insights into complex subjects.