Savings Account by National Bank of Abu Dhabi
The savings accounts offered by the National Bank of Abu Dhabi are engineered to provide customers with the best banking experience possible. The accounts can be opened by individuals and allow account holders to enjoy a vast array of benefits ranging from free debit cards to 50% off on annual fee and even no minimum balance stipulations. What’s more, some of these savings accounts are even available to children. Some the savings accounts offer high rates of interest that can ensure that your money doesn’t just sit in the account but also earns for you. They even provide access to privileged banking to those who prefer exclusivity in their banking experience.
Types of NBAD Savings Account
NBAD savings accounts offer interesting combinations of features and benefits that are meant to suit your individual needs.
Elite Gold Savings Account
This is an account that has no minimum balance stipulations and comes with a host of free services like 4 free local fund transfers every month, 4 free international cash withdrawals every month and one free international remittance every month. Apart from this it also offers interest on the funds held in the bank with the facility to hold funds in 8 different currencies including AED, USD, Euros and GBP.
Personal Savings Account
The Personal Savings Account is available to individuals who are UAE nationals and expatriates. It offers the facility to hold funds in 7 different currencies like AED, USD, GBP and AUD. The account requires you to maintain a minimum monthly balance of AED 3,000 and comes with a MasterCard platinum debit card and also provides access to special discounts and offers across things like fine dining, lifestyle, hotels and travel too.
Ladies Savings Account (Al Nada)
This is an account that has been created especially for women and offers them a 50% discount on the annual charges for a safe deposit box associated with this account. The average balance that needs to be maintained in this account is AED 3,000 and it comes with a MasterCard platinum debit card which is issued for free. This account can be opened in AED, USD and in Euros.
Student Savings Account
This is an account that meant for college and university students between the ages of 18 years and 24 years. It can be opened by UAE residents or expatriates with a valid residency visa. It comes with no minimum balance clause and can be opened with an initial deposit of as little as AED 250. The account can be opened in AED only but offers an interest rate of 0.02% per annum. It also comes with a free Platinum MasterCard Debit Card and offers access to special discounts across various segments like lifestyle, dining, travel etc.
First Step Savings Account
This is an account that can be opened by an individual's and, more importantly, by children below the age of 14 years. If the account is opened in the name of a child then it is operated by the guardian of that child. The account comes with a MasterCard debit card that is issued for free and offers other facilities like access to lounges at airports and purchase protection of 90 days. It also offers a competitive interest rate of 0.12% per annum.
Why choose National Bank of Abu Dhabi Savings Accounts
The savings accounts offered by NBAD are designed to meet the requirements of a wide variety of people which could range from working professionals to university students to even children. These accounts are not just regular savings accounts because they also provide you with access to special offers and discounts across segments like dining, lifestyle, travel, hotels, etc. They also offer a host of services like international remittance, international cash withdrawals and platinum debit cards for free. Another feature of these accounts is that they offer interest on funds held in the account which means when you are not using your money, it's growing.
Just one look at the facilities and privileges that the National Bank of Abu Dhabi savings accounts offer tells you that banking with this bank might be an experience full of benefits.