Check these "UAE accommodates a large number of banks offering savings accounts at attractive interest rates and hassle-free documentation process. Emirates NBD savings account is one of the best savings account in UAE. It may vary with the information provided on the financial institute website. “There are no limitations on transactions, and there isn’t even a minimum balance requirement. Back button You're in UAE Segments. There are many other attractive features that come with this account. Here's our methodology . Saving money in a bank account also restricts easy access to credit, which in turn, encourages financial discipline. When he's not writing, you can find him exploring different cuisines and binge-watching TV series.

Interest Rates - Find the rate of interest for savings account, fixed deposits, recurring deposits, iWish RD, NRO term deposits & NRE term deposits. Savers need to set aside $25,000, or a little over Dh91,000 for the fixed deposit, plus the same amount for the insurance savings plan. This then jumps to 2 per cent (1.6 per cent for dollars). UGargash: UAE-Israel deal a 'death blow' to annexation of Palestine France and Greece hold joint manoeuvres to check TurkeyReturning UAE residents offer tips and tell others not to give up hopeHijri New Year: UAE to mark Islamic event with public holidayThe message hidden in Ras Al Khaimah's ancient Jewish tombstoneUAE residents flock to Facebook to stretch their dirhams further Amazon expands Project Zero to seven countries including the UAE and KSAExecutives open to international business travel but only half are currently willing to get on a planeAbu Dhabi's Masdar expands presence in US with stakes in 8 projectsUAE residents flock to Facebook to stretch their dirhams further Amazon expands Project Zero to seven countries including the UAE and KSAExecutives open to international business travel but only half are currently willing to get on a planeAbu Dhabi's Masdar expands presence in US with stakes in 8 projects So, you would get, say, 1 per cent on balances between Dh2 million and Dh 5 million as again, the aim is to attract the middle-income market.

Change country: Welcome to Standard Chartered UAE . However, for a balance above 2M, the rate is 2%. The minimum initial deposit of Dh3,000 or dollar equivalent, but with no minimum balance requirement after that. 6th August marks the anniversary of Supports powerful currencies such as AED, USD and GBPFor a more straight-forward personal banking in Dubai, you can trust Standard Chartered XtraSaver Account. It is a zero balance account in UAE with high benefits provided to the account holder. You simply need to initially deposit a minimum amount of AED 3k to open XtraSaver Account in Standard Chartered. For a daily account balance that ranges between AED 5k and AED 2M, an interest of 1.80% is applied. “The best easy access savings accounts work almost the same as your current account, and won’t penalise you for slipping under a certain balance.”You should get a more generous return from a fixed deposit scheme, where you lock your money away for a set period in return for a fixed rate of interest. Monthly interest of 1.25% is applicable for balances between AED 100k and AED 2M.

A positive person with an immense love for birds, pandas, pasta and the colour grey! It is one of the easiest savings account in UAE in terms of opening procedure. Every UAE resident who is above 18 years is eligible for this account. The XtraSaver account offers both online and mobile banking, as well as branch access. “There are no restrictions, you can top up your savings or withdraw from the account whenever you want.”The digital only bank pays an annual interest rate of 1.75 per cent on savings up to Dh500,000 for the first months. He has completed his MBA from IMT and currently working at HDFC bank as Personal Banker. However, she says this account is much less attractive for those with larger balances, as the rate falls to just 0.1 per cent above Dh500,000.The Smart S@ver Account is another attractive offering for those who do not want to commit to a fixed-term deposit account, Mr Richards says.

Monthly interest of 1.25% is applicable for balances between AED 100k and AED 2M. We don't decide any quotes, rates, or fees on any of the financial products listed on MyMoneySouq. With effect from March 30, 2016, interest will be paid quarterly in March, June, September and December.With effect from 4th June 2020, the savings account interest rate applicable would be:3.00% for end of day account balance of below ₹50 Lacs3.50% for end of day account balance of ₹ 50 Lacs & above. MoneyRates.com regularly monitors more than 300 savings account products, featuring some of the best interest rates for easy comparison.