Tiered Savings Account

Take advantage of high interest rates offered by the Tiered Savings Account that also comes with the convenience of a free international ATM/debit card. The greater the balance you maintain, the more attractive the interest rates get. Also, avail various other banking services that can meet your needs.

  • High interest rates, depending on the balances maintained in the account.
  • Available in AED and USD only.
  • No cheque book.
  • Free international ATM/debit card (only for AED accounts).
  • Monthly statement of account.

Complete Account Opening Form in addition to the following (check where applicable)

For Individual & Joint account (UAE Nationals)

  • Copy of passport(s) and original passport(s) for validation
  • Salary Certificate (in case of salary transfer accounts); in the absence of a Salary Certificate, any one of the following documents may be obtained:
    • Appointment Letter / Contract Copy
    • Pay slip (< 3 month old)
    • Consolidated letter from HR for bulk accounts
    • Most recent statement of account where customer's salary is being transferred

For Individual & Joint account (Residents)

  • Copy of passport(s), including residence visa page; as well as original passport(s) for validation
  • Sponsor's letter of no objection
  • Salary Certificate (in case of salary transfer accounts); in the absence of a Salary Certificate, any one of the following documents may be obtained:
    • Appointment Letter / Contract Copy
    • Pay slip (< 3 month old)
    • Consolidated letter from HR for bulk accounts
    • Most recent statement of account where customer's salary is being transferred

For Individual & Joint account (GCC Nationals)

  • Copy of passport(s) and original passport(s) for validation
  • Telephone/Electricity Bill

For Individual & Joint account (Non-Residents)

  • Copy of passport(s) and original passport(s) for validation
Product Interest rates (p.a.) Interest calculation based on Interest Pay-out (credit to account)
Tiered Savings Account - AED
Less than AED 10K Nil
AED 10K to less than AED 50K 0.25%
AED 50K to less than AED 100K0.25%
AED 100K to less than AED 500K0.50%
AED 500K & above0.75%
Daily closing balances Monthly
Tiered Savings Account - USD
Less than USD 10K Nil
USD 10K to less than USD 200K0.25%
USD 200K to less than USD 3M0.35%
USD 3M & above0.50%
Daily closing balances Monthly
Tiered Savings Account - SAR
Less than 100KNil
100K to less than 500K 0.25%
500K to less than 10M0.25%
10M to less than 20M0.35%
20M & above0.50%
Daily closing balances Monthly
Tiered Savings Account - QAR
Less than 100K Nil
100K to less than 500K 0.25%
500K to less than 10M0.25%
10M to less than 20M0.35%
20M & above0.50%
Daily closing balances Monthly

Terms and Conditions apply. Interest rates are subject to change.

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