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Emirates NBD Savings Account

Emirates NBD offers both conventional & Islamic Savings Account that will fit its customer’s lifestyle & help them to maximize their savings. The bank basically nine variants in savings account i.e. 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 one of the Emirates NBD Savings Account offers attractive benefits and interest/profit rates to its account holder that makes them the best savings account in the UAE.

Emirates NBD Savings Account Features & Benefits

Here are some of the eminent features & benefits of the Emirates NBD Savings Account:

Standard Savings Account

  • Attractive Interest Rate: The Emirates NBD Standard Savings Account offers an attractive interest rate of 0.25 percent on balances.
  • Complimentary Debit Card: The account holder can avail complimentary globally accepted debit/ATM card.
  • Choice of Currency: The Emirates NBD Standard Savings Account can be opened in UAE Dirham only.
  • 24x7 Access: The account holder can enjoy 24x7 easy access to their Emirates NBD Savings Account through online, ATMs, over the phone (mobile or landline).
  • Bill Payment Facilities: The account holder can enjoy the bill payment facilities across plenty of services such as electricity, telephone, road fines, Salik recharge, and more.
  • Accessibility: The account holder can avail access to an extensive branch & ATM network.

Smart S@ver Account

  • Choice of Currency: This Emirates NBD Savings Account can be opened in various currencies such as AED, USD, and GBP.
  • Attractive Interest Rate: This bank account offers a high rate of interest based on the account balance.
  • E-statement: The account holder can view and download their account statement through Online Banking.
  • Fund Transfers: This Emirates NBD Savings Account offers its account holder the flexibility of transferring funds to the account electronically through Online Banking & Cash Deposit machines.

Shake n’ Save Account

  • Choice of Currency: This Emirates NBD Savings Account can be opened in UAE Dirham only.
  • Attractive Interest Rate: This bank account offers an attractive interest rate of 2 percent on balances.
  • Transaction Limit: The account holder can only transfer AED 50 to AED 2000 at once by this bank account.
  • Unlimited Transactions: The account holder can do unlimited transactions whenever they want as there is no limit.

Currency Passport Savings Account

  • 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 holder can enjoy the bill payment facilities across plenty of services such as electricity, telephone, road fines, Salik recharge, and more.
  • Account Statement: The account statement will be provided on a quarterly basis.
  • 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 0.25 percent per annum for some specific currencies.

Manchester United Savings Account

  • Choice of Currency: This Emirates NBD Savings Account can be opened in UAE Dirham only.
  • 24x7 Access: The account holder can enjoy 24x7 easy access to their Emirates NBD Savings Account through online, ATMs, over the phone (mobile or landline).
  • Bill Payment Facilities: The account holder can enjoy the bill payment facilities across plenty of services such as electricity, telephone, road fines, Salik recharge, and more.
  • Accessibility: The account holder can avail access to an extensive branch & ATM network.
  • Complimentary Debit Card: The account holder can avail 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 holder can get a chance to win several Priceless Experiences.
  • Attractive Offers: The account holder can win various attractive prizes on a quarterly basis:
    • 1st Prize: Travel Package for two people to see a Manchester United Match at Old Tafford (including economy class flight tickets to Manchester, match tickets, and two nights stay on double sharing basis)
    • 3 second prizes: Autographed Jerseys
    • 6 third prizes: Autographed Manchester United Club Pennants.
    • Fifteen Consolation Prizes: Autographed Manchester United Action Prints.

*Conditions for Winning Prizes: The account holder needs to maintain a minimum average balance of 25,000 AED in a bank account and they need to spend a minimum amount 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

  • Complimentary Debit Card: The account holder can avail complimentary globally accepted debit/ATM card but only for AED Emirates NBD Tiered Savings Account.
  • Choice of Currency: This Emirates NBD Savings Account can be opened in AED, SAR, and USD.
  • Account Statement: The account holder can avail the monthly statement of a bank account.
  • Attractive Interest Rate: The Emirates NBD Tiered Savings Account offers a high rate of interest, based on the account balance.

Fitness Account

  • Higher Interest Rate: This is a first Savings Account that is linked to its account holder’s fitness activity and rewards them a high rate of interest with every step they take. The account holder can earn a maximum of 4 percent interest per annum on their savings.
  • Exclusive Offers: With this Emirates NBD Savings Account, the account holder 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 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

  • 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 family member.
  • Family Pool: The primary member of this bank account can add up 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 pooled balances that are maintained in Emirates NBD Family Savings Accounts.
  • 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 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 of the account holders in the proportion of their account balances in the family pool.
  • Bill Payment Facilities: The account holder can enjoy the bill payment facilities across plenty of services such as electricity, telephone, road fines, Salik recharge, and more.
  • 24x7 Access: The account holder can enjoy 24x7 easy access to their Emirates NBD Savings Account through online, ATMs, over the phone (mobile or landline).
  • Account Statement: The account holder can avail the monthly statement of a bank account.

Mudaraba Savings Account

  • Attractive Profit Rates: This bank account offers competitive profit rates on savings.
  • Choice of Currency: This Emirates NBD Savings Account can be opened in AED & USD.
  • Tenor Period: In order to avail profit, the minimum tenor of 30 days is provided.
  • 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-residents 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.

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 salary Certificate, any one of the following documents can be submitted:
  • Appointment letter or Contact Copy.
  • Pay Slip (less than 3 months old).
  • Recent Bank Account Statement where customer’s salary is being transferred.
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

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

How to Open 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 official website of the Emirates NBD to open a desired savings account with the bank.
  • Branch Applications: Another way of opening Emirates NBD Savings Account is by visiting the nearest bank branch.
  • Phone Banking: The third easiest way of opening the 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 UAE?

The account holder is required to visit the nearby Emirates NBD branch for account closure.

Emirates NBD Savings Account -FAQs

Q.1. 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. However, account statements can also be requested at the nearest bank branch or via a call center for which you might have to pay some nominal charges.

Q.2. Is there a minimum opening balance 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 3000 AED in the bank account to avoid charges.

Q.3. Can I open Emirates NBD Shake n’ Save Account through Online Banking?

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

Q.4. Will I get a cheque book or ATM card with the Emirates NBD Smart Saver Account?

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

Q.5. 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:

  • Login 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 AED. If you want to use Shake n’ Save Account without login to the application then you need to select the checkbox. Make sure you read & accept the terms & conditions & tap continue button.
  • View the details & confirm it.
  • Congrats! You’ve successfully completed your Emirates NBD Shake n’ Save Account configuration.

Q.6. 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 submit any document.

Q.7. Can I open Emirates NBD Savings Account in multiple currencies?

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

Q.8. Will I get a complimentary debit card with any of the Emirates NBD Savings Account?

Ans: You will get complimentary globally accepted debit card with the Standard Savings Account, Manchester United Savings Account, Tiered Savings Account, and Family Savings Account that comes with a wide range of exclusive offers and benefits.