Emirates NBD Savings Account

Bank Accounts in the UAE

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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 Features & Benefits

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:

Standard 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.

  • Attractive Interest Rate: The Emirates NBD Standard Savings Account offers an attractive interest rate of 0.20 percent on the funds in the Standard Savings Account.
  • Complimentary Debit Card: The account holders of Emirates NBD Savings Account can access funds anywhere anytime with its internationally accepted debit card.
  • Currencies Accepted: The Emirates NBD Standard Savings Account accepts funds in UAE Dirham only. No foreign currencies are accepted.
  • Online Access Round the Clock: The valued customers of Emirates NBD Savings Account can access their funds on the go with online and mobile banking anywhere anytime. Moreover, they can retrieve cash across a wide chain of ATMs available across the UAE and abroad.
  • Bill Payment Facilities: The account holders can enjoy bill payment facilities across services like electricity, telephone, road fines, Salik recharge and more.
  • Minimum Monthly Balance - A minimum average monthly balance is required to be maintained in the Emirates NBD Standard Savings Account.
  • No Chequebook Facility - Emirates NBD does not offer any chequebook facility on its Standard Savings Account. 
  • Contactless Payment - Emirates NBD offers contactless payment through various mobile wallet apps like Pay, Google Pay, Samsung Pay, Apple Pay, etc.

Smart S@ver Account

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.

  • Multiple Currencies Accepted: Emirates NBD Smarts S@ver Account can be opened in multiple foreign currencies, namely USD, GBP, apart from UAE Dirham.
  • Attractive Interest Rate: This bank account offers a high rate of interest based on the account balance that can reach up to 1.25% per annum.
  • E-Statement: The account holders can view and download their account statement through online and mobile banking.
  • Fund Transfers: This Emirates NBD Savings Account offers its account holders the flexibility of transferring funds to the account electronically through online banking & via cash deposit machines.

Shake n’ Save 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.

  • Currencies Accepted: This Emirates NBD Shake n’ Save Account can be opened in UAE Dirham only. No foreign currencies are accepted for this account.
  • Attractive Interest Rate: Emirates NBD offers an attractive interest rate that can reach up to 0.75 percent on deposits. A deposit of less than AED 10,000 will fetch an interest rate of 0.75%, while the interest of 0.50% is given on deposits of AED 10,000 to 100,000. 
  • Transaction Limit: The Shake n’ Save savings account holders can deposit amounts between AED 50 to AED 2000 at once just by shaking their phones.
  •  Transactions Limitations: Emirates NBD does not offer any transaction, payment or remittance on funds in this account.

Currency Passport Savings Account

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.

  • Multiple Currencies: This Emirates NBD Savings Account can be opened in multiple international currencies such as USD, AUD, GBP, Euro, CAD, CHF, JPY, HKD, SGD, KWD, JOD and LKR.
  • Bill Payment Facilities: The account holders can make bill payments for various services such as electricity, telephone, road fines, Salik recharge and more.
  • Account Statement: Emirates NBD provides bank account statements at the end of every three months.
  • Fund Transfer: The fund transfer between Currency Passport Savings Accounts in various currencies is allowed.
  • Rate of Interest: This Emirates NBD Savings Account offers an attractive interest rate of 0.15 percent per annum for some specific currencies.

Manchester United Savings Account

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.

  • Currency Accepted: This Emirates NBD Manchester Savings Account can be opened in UAE Dirham only.
  • 24x7 Access: The account holders can enjoy 24x7 easy access to their Emirates NBD Savings Account. They can access it online, through ATMs and over the phone (mobile or landline).
  • Bill Payment Facilities: The account holders can enjoy bill payment facilities across services such as electricity, telephone, road fines, Salik recharge and more.
  • Accessibility: The account holders can avail access to an extensive branch & ATM network.
  • Complimentary Debit Card: The account holders get a complimentary globally accepted Manchester United Debit Card. This card comes with a wide range of attractive benefits & privileges, including Purchase Protection, Extended Warranty, and Movie & Dining Offers. Plus, the account holders can get a chance to savour several priceless experiences.
  • Attractive Offers: The account holder can win various attractive prizes on a quarterly basis:
    1. First Prize: Travel package for two people to see a Manchester United Match at Old Trafford (including economy class flight tickets to Manchester, match tickets, and two nights stay on double sharing basis)
    2. Second Prize (3): Autographed Jerseys
    3. Third Prize (6): Autographed Manchester United Club Pennants
    4. Fifteen Consolation Prizes: Autographed Manchester United Action Prints

*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.

  • Interest Rate: The rate of interest on this Emirates NBD Savings Account increases every time as the account holder’s team scores a goal as mentioned in the table below:
Goals Scored in a month Rate of Interest (per annum)
0-3 0.25 percent
4-7 0.35 percent
8-10 0.45 percent
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.

Tiered Savings Account

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.

  • Complimentary Debit Card: The account holders can avail of a complimentary globally accepted debit/ATM card.
  • Choice of Currency: This Emirates NBD Savings Account can be opened in AED, SAR and USD.
  • Account Statement: The account holders can avail the monthly statement of their savings account.
  • Attractive Interest Rate: The Emirates NBD Tiered Savings Account offers a high rate of interest that increases depending on the amount being deposited into the account over time.

Fitness 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. 

  • Higher Interest Rate: This is a one of a kind Savings Account that is linked to its account holders’ fitness activity and rewards them a high rate of interest with every step they take. The account holders can earn a maximum of 3 percent interest per annum on their savings.
  • Exclusive Offers: With this Emirates NBD Savings Account, the account holders can avail a wide range of exclusive offers on sportswear, gyms, nutrition and health.
  • E-Statements: The account holder can get a monthly e-statement to track their savings.
  • Free Life Insurance Cover: The account holder can also avail a free Life Insurance Cover of 50,000 AED for loss of life, underwritten by MetLife, on completing 5K steps in a day.

Family Savings Account

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.

  • Choice of Currency: This Emirates NBD Savings Account can be opened in UAE Dirham only.
  • No Minimum Balance Requirement: There is no minimum salary or minimum monthly balance requirement for any of the family members.
  • Family Pool: The primary member of this bank account can add up to a maximum of 10 immediate family members (including mother, father, husband, wife, son and daughter) into the family pool.
  • Higher Interest Rate: The account holder can avail a high interest rate of a maximum of 0.75 percent on the pooled balance maintained in the Emirates NBD Family Savings Account.
  • Privacy: The bank provides absolute privacy for each of the account holders under the family pool.
  • Complimentary Debit Card: With this Emirates NBD Savings Account, the account holder can avail of a globally accepted debit card. The card offers a wide range of exciting offers on shopping, travel and dining.
  • Interest Distribution: The interest will be paid out to each account holder in the proportion of their account balances in the family pool.
  • Bill Payment Facilities: The account holders can enjoy bill payment facilities across various services such as electricity, telephone, road fines, Salik recharge and more.
  • 24x7 Access: The account holders can enjoy 24x7 easy access to their Emirates NBD Savings Account. They can access their account online, through ATMs, or over the phone (mobile or landline).
  • Account Statement: The account holders can avail the monthly statement of their bank account.

Mudaraba Savings Account

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.

  • Attractive Profit Rates: This bank account offers competitive profit rates on savings, which reaches up to 0.75% on the funds deposited. The profits are paid out every 3 months.
  • Currencies Accepted: This Emirates NBD Savings Account can be opened in AED & USD.
  • Tenure Period: In order to avail profit, minimum tenure of 30 days is required.
  • Minimum Balance Required - A minimum balance of AED 3000 is required in order to open the account. 
  • Profit Distribution: The profit will be distributed to the account every quarter.

Eligibility Criteria to Open an Emirates NBD Savings Account in UAE

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:
  • AED 3,000
Availability:
  • UAE Resident Individuals including Joint Account Holders
  • Non-resident Individuals including Joint Account Holders
  • Minors
Smart S@ver Account Minimum Monthly Average Balance Required:
  • AED 3,000
Availability:
  • Individuals, UAE Residents
    & Non-Residents
Shake n’ Save Account Initial Deposit Required:
  • NIL
Currency Passport Savings Account
  • N/A
Manchester United Savings Account
  • N/A
Tiered Savings Account
  • N/A
Fitness Account
  • N/A
Family Savings Account Minimum Monthly Average Balance Required:
  • NIL
Availability:
  • UAE Nationals
Mudaraba Savings Account Minimum Monthly Average Balance Required:
  • AED 3000
Availability:
  • Individuals only
see more

Documents Required to Open an Emirates NBD Savings Account in the UAE

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):
  • Passport(s) Copy (including Resident Visa(s) Page)
  • Original Passport(s)
  • Sponsor’s letter of no objection
  • Salary Certificate (in case of salary transfer accounts). In the absence of a salary certificate, any one of the following documents can be submitted:
  • Appointment letter or Contract Copy.
  • Pay Slips (less than 3 months old).
  • Recent bank account statement showing customer’s last month’s salary transaction.
For Individuals & Joint Account (Non-residents):
  • Passport(s) Copy (including Resident Visa(s) Page)
  • Original Passport(s)
Smart S@ver Account For Individuals (Residents):
  • Passport(s) Copy (including Resident Visa(s) Page)
  • Original Passport(s)
  • Sponsor’s letter of no objection
  • Salary Certificate (in case of salary transfer accounts)
For Individuals (GCC Nationals):
  • Original Passport(s)
  • Electricity Bill/Telephone Bill
For Individuals (non-Residents):
  • Passport(s) Copy (including Resident Visa(s) Page)
  • Original Passport(s)
Shake n’ Save Account
  • No documents are required.
Currency Passport Savings Account For Identification:
  • Original Passport/UAE National ID
  • Copy of Passport
Manchester United Savings Account

For Identification:

  • Original Passport/UAE National ID
  • Copy of Passport
Tiered Savings Account For Identification:
  • Original Passport/UAE National ID
  • Copy of Passport
Fitness Account For Identification:
  • Original Passport/UAE National ID
  • Copy of Passport
Family Savings Account For Identification:
  • Original Passport/UAE National ID
  • Copy of Passport
Mudaraba Savings Account For Identification:
  • Original Passport/UAE National ID
  • Copy of Passport
see more

*Note: The applicant may need to submit some additional documents as per the sole discretion of the bank.

How to Open a Savings Account in Emirates NBD?

Interested applicant can open an Emirates NBD Savings Account through any of the below-mentioned ways:

  • Online: The applicant can visit the Emirates NBD’s official website to open a desired savings account with the bank.
  • Branch Applications: Another way of opening an Emirates NBD Savings Account is by visiting the nearest bank branch.
  • Phone Banking: The third and the easiest way of opening a savings account is via phone banking. The applicant can call on the bank’s customer care number to get their savings account open with the bank.

How to Close an Emirates NBD Savings Account in the UAE?

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.

Emirates NBD Savings Account FAQs

Q1: How can I view my account statements & balance?

Ans: 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.

Q2: Is there a minimum opening balance required for Emirates NBD Standard Savings Account?

Ans: 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.

Q3: Can I open an Emirates NBD Shake n’ Save Account through online banking?

Ans: No, you can open this Emirates NBD Savings Account via mobile banking only.

Q4: Will I get a chequebook or ATM card with the Emirates NBD Smart Saver Account?

Ans: In order to encourage regular savings, no chequebook or ATM card is offered with this Emirates NBD Savings Account.

Q5: How do I open Emirates NBD Shake n’ Save Account?

Ans: You can open Emirates NBD Shake n’ Save Account by the following the below-mentioned steps:

  • Log in to the Emirates NBD mobile banking app.
  • Then from the dashboard, you need to go to the assistance menu.
  • Tap on Profit & Settings.
  • Choose Shake n’ Save Configuration.
  • Choose your debit account.
  • On the next step, enter a range from AED 50 to 2000. If you want to use the Shake n’ Save Account without login into the application, then you need to select the checkbox. Make sure you read & accept the terms & conditions. Tap the continue button.
  • View the details & confirm it.
  • Congrats! You’ve successfully completed your Emirates NBD Shake n’ Save Account configuration.

Q6: Do I need to submit any documents in order to open an Emirates NBD Shake n’ Save Account?

Ans: 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.

Q7: Can I open Emirates NBD Savings Account in multiple currencies?

Ans: Yes, many of the savings accounts offered by Emirates NBD can be opened in local as well as foreign currencies.

Q8: Will I get a complimentary debit card with any of the Emirates NBD Savings Account?

Ans: 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.