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Emirates NBD is one of the most popular banking institutions in the UAE. It has been referred to as UAE’s Best Bank in 2020 by Euromoney and has a wide network of 89 branches and 690 ATMs and deposit machines across the UAE. Emirates NBD offers both conventional & Islamic savings accounts that will fit its customer’s lifestyle & help them to maximise their savings. Emirates NBD basically offers nine different types of savings accounts such as. Standard Savings Account, Smart S@ver Account, Shake n’ Save Account, Currency Passport Savings Account, Manchester United Savings Account, Tiered Savings Account, Fitness Account, Family Savings Account and Mudaraba Savings Account.
Each of the Emirates NBD Savings Account is designed as per the customers’ requirements, offering a high interest rate. Let’s get into the features and benefits that Emirates NBD Savings Account offers.
Emirates NBD Savings Account aims at providing an attractive return on the funds. Apart from that, the bank also offers a wide range of banking services to its customers. Here are some of the unique features & benefits of the Emirates NBD Savings Account:
Emirates NBD Savings Account offers a hassle-free banking experience by providing easy access to the bank account. It also aims at producing higher interest rates for its customers.
Emirates NBD Smart S@ver Account can be opened and operated through mobile and online banking. The Savings Account offers an enticing rate of interest that can go as high as 1.25% on the savings account.
Emirates NBD offers an innovative way for depositing funds in an account where you can just shake n’ save funds into your savings account using the Emirates NBD mobile application. Moreover, the account also offers a healthy interest rate of 0.75% on deposits.
Currency Passport Savings Account is a unique savings account from Emirates NBD that offers multiple currency management through a single account. The account offers an interest rate of up to 0.15% on its funds.
Manchester United Savings Account is specially fabricated for football fans in which the interest rate shoots up every time your team scores a goal. The interest rate in Manchester United Savings Account is calculated on the daily closing balance in the bank account.
*Conditions for Winning Prizes: The account holders need to maintain a minimum average balance of 25,000 AED in their bank account, and they need to spend a minimum amount of 500 AED on their debit card over the quarter.
|Goals Scored in a month||Rate of Interest (per annum)|
|11 & Above||0.50 percent|
Note: Goals scored in the FA Cup, Premier League, UEFA Champions League, and Capital One Cup will only be considered.
Emirates NBD offers higher interest rates on the Tiered savings account, and the rates increase with the increasing amount being saved in the savings account.
Emirates NBD brings a unique kind of bank account that focuses on the fitness of the account holders. The Fitness Savings account rewards a higher interest for every step that the account holder takes, which can go as high as 3% on the deposited funds. The interest rates are calculated on the daily closing balance.
Emirates NBD Family Savings Account gives a higher interest rate on the pooled balance maintained by your family members. The interest rate in Family Savings accounts can reach up to 0.75% on the funds.
Emirates NBD Mudaraba Savings Account is completely sharia-compliant and follows the principles of Islamic banking laws. This savings account is available to individuals only and offers an attractive profit of 0.75% on the funds deposited.
The applicant needs to meet the following eligibility criteria in order to complete the Emirates NBD Savings account opening process:
|Emirates NBD Savings Account||Eligibility Criteria|
|Standard Savings Account||Minimum Monthly Average Balance Required:
|Smart S@ver Account||Minimum Monthly Average Balance Required:
|Shake n’ Save Account||Initial Deposit Required:
|Currency Passport Savings Account||
|Manchester United Savings Account||
|Tiered Savings Account||
|Family Savings Account||Minimum Monthly Average Balance Required:
|Mudaraba Savings Account||Minimum Monthly Average Balance Required:
Following documents are required to complete the Emirates NBD Savings account opening process:
|Emirates NBD Savings Account||Documents Required|
|Standard Savings Account||For Individuals & Joint Account (Residents):
|Smart S@ver Account||For Individuals (Residents):
|Shake n’ Save Account||
|Currency Passport Savings Account||For Identification:
|Manchester United Savings Account||
|Tiered Savings Account||For Identification:
|Fitness Account||For Identification:
|Family Savings Account||For Identification:
|Mudaraba Savings Account||For Identification:
*Note: The applicant may need to submit some additional documents as per the sole discretion of the bank.
Interested applicant can open an Emirates NBD Savings Account through any of the below-mentioned ways:
The account holder is required to visit the nearby Emirates NBD branch for account closure. Prior to that, the account holder is required to clear all the existing debts and loans.
Well, you can view your account statements and balances via mobile banking & online banking. Mini statements can be obtained via IVR & ATMs. If you’ve registered your email address with the bank, then the account e-statement will be sent to your registered email id periodically, based on your statement generation style. In addition to this, account statements can also be requested at the nearest bank branch or via a call centre for which you might have to pay some nominal charges.
Well, there is no minimum amount required to open this savings account. However, you need to maintain a minimum monthly average balance of AED 3000 in the bank account to avoid charges.
No, you can open this Emirates NBD Savings Account via mobile banking only.
In order to encourage regular savings, no chequebook or ATM card is offered with this Emirates NBD Savings Account.
You can open Emirates NBD Shake n’ Save Account by the following the below-mentioned steps:
No, you are not required to submit any document. This account will be opened instantly during the configuration without requiring you to submit any document.
Yes, many of the savings accounts offered by Emirates NBD can be opened in local as well as foreign currencies.
You will get complimentary globally accepted debit cards with the Standard Savings Account, Manchester United Savings Account, Tiered Savings Account and Family Savings Account. The card comes with a wide range of exclusive offers and benefits.