Benefits
- It is a savings account where you get a chance to win 5 prizes every year.
- That includes Four chances to win AED 100,000 plus a grand prize of AED 1 million every year.
- An average balance of AED 10,000 should be in the account during the month to be eligible for the prize draw.
- Get a free international debit card on this account
- Earn interest which is paid semi-annually on maintaining a balance of AED 10,000 in your Mabrook Savings Account.
- Joint account holding option available and can be opened for children
- Free life insurance for account holders
Fees & Charges
- Account Closure (Within one year)= AED 100
- Non-CBI ATM Transactions in UAE- Cash Withdrawal = AED 2
- Non- CBI Transactions in UAE – Balance Inquiry / Declined Transaction= NA
- Fee for using the ATM outside UAE and GCC = As per host country system
Interest Rates
- 0.1% paid annually on a minimum balance of AED 10,000
Documents Required
- Original passport
- Valid Visa for expatriates
- Valid Emirates ID
- Proof of address
- Birth Certificate or Passport for minor
Eligibility
- UAE nationals or an expatriate who has a valid Residence Visa can apply for this account.
Addition Information
- Annually AED 1 million cash prize is drawn
- Every quarter AED 100,000 is drawn
- Additional AED 500 will make you eligible for an extra entry to the prize draw