Smart S@ver Account | Emirates NBD

Available in AED, USD and GBP

Up to 1.25% interest p.a.

Quick transfers through Online Banking or Cash Deposit Machines

Smart S@ver Account

Digital Account Opening

At a glance

Be a smart saver and reach your goals faster

Higher interest rates based on balances

Interest paid out monthly

No account opening fees

Key features

Interest rate up to 1.25% p.a. for AED, 1.25% for USD and 0.75% for GBP
Interest calculated on daily closing balance
Utility bill payments are not considered as withdrawals
Easy transfers to your own Smart S@ver account
One withdrawal per month does not affect the interest rate
Account managed online
For salaried, non-salaried and self-employed individuals

Key Facts Statement (KFS)

Fees and charges

Terms and conditions

Interest rates

AED

Smart Saver Balance Band (AED)	Base rates % p.a. (Until 14^th April 2025)	Base rate % p.a. * (Effective 15^th April 2025)
Less than AED 25,000	0.00%	0.00%
AED 25,000 to less than AED 100,000	2.00%	1.00%
AED 100,000 to less than AED 2,000,000	1.25%	1.25%
AED 2,000,000 and above	1.00%	1.00%

Terms and conditions apply

Interest calculation is based on daily closing balances and is credited to Smart Saver account monthly
The maximum number of withdrawals permitted per month for Smart Saver accounts are 1 (one) for Personal Banking
Transfers to own Smart Saver accounts, Utility bill payments through Online Banking or Bank induced charges will not be considered as withdrawals. In case the number of monthly withdrawals is more than the permissible limits, the interest applied for the month will be calculated at the rate of 0.25% p.a.

USD

USD Balance	Interest Rate % p.a. (Until November 30, 2022)	Revised Interest % p.a. (Effective 1st December 2022)
Less than USD 5K	0.00%	0.00%
USD 5K to less than USD 25K	0.75%	1.25%
USD 25K to less than USD 1M	0.40%	0.75%
Greater than USD 1M	0.30%	0.50%

Terms and conditions apply

Interest calculation is based on daily closing balances and is credited to Smart Saver account monthly
The maximum number of withdrawals permitted per month for Smart Saver accounts are 1 (one) for Personal Banking
Transfers to own Smart Saver accounts, Utility bill payments through Online Banking or Bank induced charges will not be considered as withdrawals. In case the number of monthly withdrawals is more than the permissible limits, the interest applied for the month will be calculated at the rate of 0.25% p.a.

GBP

GBP Balance	Interest Rate % p.a. (Until November 30, 2022)	Revised Interest % p.a. (Effective 1st December 2022)
Less than GBP 5K	0.00%	0.00%
GBP 5K to less than GBP 25K	0.40%	0.75%
GBP 25K to less than GBP 1M	0.30%	0.50%
Greater than GBP 1M	0.20%	0.40%

Terms and conditions apply

Interest calculation is based on daily closing balances and is credited to Smart Saver account monthly
The maximum number of withdrawals permitted per month for Smart Saver accounts are 1 (one) for Personal Banking
Transfers to own Smart Saver accounts, Utility bill payments through Online Banking or Bank induced charges will not be considered as withdrawals. In case the number of monthly withdrawals is more than the permissible limits, the interest applied for the month will be calculated at the rate of 0.25% p.a.

AED

Smart Saver Balance Band (AED)	Base rates % p.a. (Until 14^th April 2025)	Base rate % p.a. * (Effective 15^th April 2025)
Less than AED 25,000	0.00%	0.00%
AED 25,000 to less than AED 100,000	2.00%	1.00%
AED 100,000 to less than AED 2,000,000	1.25%	1.25%
AED 2,000,000 and above	1.00%	1.00%

Terms and conditions apply

Interest calculation is based on daily closing balances and is credited to Smart Saver account monthly
The maximum number of withdrawals permitted per month for Smart Saver accounts are 1 (one) for Personal Banking
Transfers to own Smart Saver accounts, Utility bill payments through Online Banking or Bank induced charges will not be considered as withdrawals. In case the number of monthly withdrawals is more than the permissible limits, the interest applied for the month will be calculated at the rate of 0.25% p.a.

USD

USD Balance	Interest Rate % p.a. (Until November 30, 2022)	Revised Interest % p.a. (Effective 1st December 2022)
Less than USD 5K	0.00%	0.00%
USD 5K to less than USD 25K	0.75%	1.25%
USD 25K to less than USD 1M	0.40%	0.75%
Greater than USD 1M	0.30%	0.50%

Terms and conditions apply

Interest calculation is based on daily closing balances and is credited to Smart Saver account monthly
The maximum number of withdrawals permitted per month for Smart Saver accounts are 1 (one) for Personal Banking
Transfers to own Smart Saver accounts, Utility bill payments through Online Banking or Bank induced charges will not be considered as withdrawals. In case the number of monthly withdrawals is more than the permissible limits, the interest applied for the month will be calculated at the rate of 0.25% p.a.

GBP

GBP Balance	Interest Rate % p.a. (Until November 30, 2022)	Revised Interest % p.a. (Effective 1st December 2022)
Less than GBP 5K	0.00%	0.00%
GBP 5K to less than GBP 25K	0.40%	0.75%
GBP 25K to less than GBP 1M	0.30%	0.50%
Greater than GBP 1M	0.20%	0.40%

Terms and conditions apply

Interest calculation is based on daily closing balances and is credited to Smart Saver account monthly
The maximum number of withdrawals permitted per month for Smart Saver accounts are 1 (one) for Personal Banking
Transfers to own Smart Saver accounts, Utility bill payments through Online Banking or Bank induced charges will not be considered as withdrawals. In case the number of monthly withdrawals is more than the permissible limits, the interest applied for the month will be calculated at the rate of 0.25% p.a.

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Requirements and documents for opening an account

Individuals

Copy of passport(s) and 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 used:

Appointment letter or copy of contract
Payslip (less than 3 months old)
Consolidated letter from HR for bulk accounts
Most recent statement of account where your salary is being transferred

Self-employed (non-individuals)

Commercial or Federal registration certificates (wherever applicable)
Certificate of commencement of business (for Joint Stock Companies)
Not applicable for company under formation
Power of Attorney, if applicable
Passport copies of the authorised signatories
BOD resolution specifying the titles/designations of officials authorised to open/operate the account and the extent of their authority and the manner to operate the account
Memorandum and Articles of Association to ascertain the period of company
For public shareholding companies –a list of names and addresses of shareholders where share holdings exceed 5%

*additional documents may be required as per bank policy

Terms & conditions

Interest rates are subject to change.
The maximum number of withdrawals permitted per month for Smart S@ver accounts (AED, USD and GBP currencies) is one (1). In case the number of monthly withdrawals is more than the above permissible limits, the interest applied for the month will be 0.25% p.a.
Transfers to own Smart S@ver accounts, utility bill payments through Online Banking or bank-induced charges will not be considered as withdrawals.

Individuals

Copy of passport(s) and 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 used:

Appointment letter or copy of contract
Payslip (less than 3 months old)
Consolidated letter from HR for bulk accounts
Most recent statement of account where your salary is being transferred

Self-employed (non-individuals)

Commercial or Federal registration certificates (wherever applicable)
Certificate of commencement of business (for Joint Stock Companies)
Not applicable for company under formation
Power of Attorney, if applicable
Passport copies of the authorised signatories
BOD resolution specifying the titles/designations of officials authorised to open/operate the account and the extent of their authority and the manner to operate the account
Memorandum and Articles of Association to ascertain the period of company
For public shareholding companies –a list of names and addresses of shareholders where share holdings exceed 5%

*additional documents may be required as per bank policy

Terms & conditions

Interest rates are subject to change.
The maximum number of withdrawals permitted per month for Smart S@ver accounts (AED, USD and GBP currencies) is one (1). In case the number of monthly withdrawals is more than the above permissible limits, the interest applied for the month will be 0.25% p.a.
Transfers to own Smart S@ver accounts, utility bill payments through Online Banking or bank-induced charges will not be considered as withdrawals.