Benefits
- A customer should have a primary current or a savings account with the Bank to open an eSaver account.
- This account can be opened only online.
- One withdrawal of funds allowed per month.
- Earn interest at the end of the day account balance which is paid monthly.
- No minimum balance required.
- Only available in AED.
- It can be held as a single or a joint account
Fees & Charges
- Account Closure (Within one year)= AED 105
Interest Rates
- Up to 299,999 with an interest rate of 0.55%
- 300,000 to 499,999 with an interest rate of 1.25%
- 500,000 to 1,999,999 with an interest rate of 1.65%
- 2,000,000 to 4,999,999 with an interest rate of 1.70%
- 5,000,000 to 9,999,999 with an interest rate of 1.10%
- 10,000,000 and above with an interest rate of 0.55%
Documents Required
- Original passport with at least 1 month left before expiration.
- A valid Visa for expatriates
- Valid Emirates ID
- Proof of address
- A reference letter from the current bank for non-residents
Eligibility
- UAE Nationals and Non-UAE nationals with valid residence visa who are over 18 years of age can open this account.
- Only individuals are eligible to open the account.
- Minors can be joint holders of this account.
Addition Information
- Existing customers can avail this interest rate on receipt of new funds only
- Phone banking and mobile banking options along with in-bank banking options available.