Looking for the best savings account in UAE? The UAE has a significant number of banks that provide savings accounts with competitive interest rates and simple requirements. Though this gives us a variety of alternatives, it can be difficult to predict which account will bear the sweeter fruits in the future.
We have listed the best savings accounts in UAE and Dubai that you can open if you want to increase your savings and earn reasonable interest on them. Keeping your money in the best savings accounts in dubai can also yield a good return.
To help you with this confusion, the table below lists a few of the best savings accounts in UAE for your consideration
Account Name
Minimum Balance
Profit Rate
Emirates NBD Standard Savings Account
AED 3000
0.20%
Mashreq Basic Savings Account
AED 3000
0.15%
ADIB Smart Banking Account
AED 0
On every dirham in account
United Arab Bank Ultra Savings Account
AED 3000
–
National Bank of Fujairah Max Saver Account
AED 0
1%
CBI Saver Account
AED 3000
2.10%
Standard Chartered XtraSaver Account
AED 0
0.60%
Emirates Islamic e-Savings Account
AED 0
1%
FAB Personal Savings Account
AED 3000
Varies
1. Emirates NBD Standard Savings Account
The Emirates NBD Standard Savings account pays a high rate of interest. It is only available in UAE currency and comes with a lot of account benefits. One of the greatest savings accounts in the UAE is the Emirates NBD savings account.
ADIB offers a wide range of accounts. Amongst those ADIB Smart banking account is one of the best accounts. It is a zero balance account in UAE with high benefits provided to the account holder. Every UAE resident who is above 18 years is eligible for this account.
Features and Benefits
Can earn a profit on the account balance
Earn rewards on salary transfer
Get discounts on dining and lifestyle
Withdraw cash without a card
Can avail international and domestic remittance for free
UAB Ultra savings account offers tiered interest rates linked to the balance held in the account, unlike a normal savings account where the interest is paid at the same rate for all balances. This account encourages savings in order to earn higher rates of interest. There are many other attractive features that come with this account.
The NBF max saver account is designed for yielding maximum benefit to its customers out of their savings. NBF provides higher profits on the money you save in their account.
Features and benefits
Can avail in USD and AED currencies.
Interest rate: Upto 1%
Interest amount is paid monthly but calculated on daily basis
Can avail one withdrawal every month without affecting interest.
One customer can have maximum 2 max saver accounts at NBF
The CBI saver account provides convenient access to your money along with a facility of withdrawing as many times as you want. CBI credits interest to your account every month and is calculated on your daily balance and activity. Account holders can access their account from anywhere.
These are just a few of the high-yielding, favorable best savings accounts in Dubai; there are many more on the market depending on one’s needs. There are terms and conditions associated to all charges and rates. Only after thorough research should you open a savings account. You can find multiple savings accounts in UAE with different features and benefits offered by the banks. Before opening an account, make sure you understand every charge and fee, as well as any associated terms and conditions.
FAQ’s:
Q1: Can I open a savings account in the UAE?
Ans: Yes, you can easily open up a savings account in UAE through online or by visiting the bank branch
Q2: How can I open a savings account in UAE?
Ans: To open a Savings Account in UAE, you can either apply through online or visit the nearest branch of your preferred bank
Q3: Which bank account is free in UAE?
Ans: Emirates NBD Liv
Q4: Which bank gives the highest interest rate in UAE?
Ans: The Emirates NBD Standard Savings account pays a high interest rate. Emirates NBD savings account is one of the best savings accounts in the UAE.
Q5: Which saving account is the best in Dubai?
1.Emirates NBD Smart Saver Account. 2. ADCB Active Saver Account. 3. CBI eSaver Account. 4. HSBC Term Deposit Account. 5. Standard Chartered XtraSaver Account.Quick Apply:
Quick Apply:
You may fill in the form below to open a savings account online in UAE