Which Emirates NBD Savings Account is Best Suited for you?
Which Emirates NBD Savings Account is Best Suited for you?
Saving is a fundamental practice in managing your finances well
and is something we should learn from in our early years. In an ideal world,
with no sudden shocks or surprises, savings wouldn’t be a concern. However, in
reality our circumstances are different, and we must save for uncertainties. Moreover,
it is necessary to save for important expenses, such as a house, car, family
and so on.
The big question here is, is there a particular amount one
needs to save? Well…not really, your savings is something you have complete
autonomy over. Basic needs such as rent, food and other expenses vary from
person to person. The idea is to save the surplus after your necessary expenditures,
you can either invest it or keep it in an account where it will earn interest. The
50-30-20 rule is the easiest to follow. 50% of your income goes into paying for
your needs, 30% for your wants and 20% for your debts and savings.
So now that you know more about how much to save, read more
on opening
a savings account here.
Modern day banking gives us multiple options to save our
money and store it in various kinds of saving accounts that suit our needs best.
Let’s have a look at some of these accounts:
Secured Savings Account
Open
a secured savings account in about 11 currencies making it one of the most
versatile savings accounts. You even get covered in case of any unauthorized
transactions, and access half-yearly e-statements.
Smart S@ver Account
You can set up a Smart
S@ver Account with zero account opening fees, this account can be opened in
AED, USD and GBP. A single withdrawal monthly doesn’t impact your interest
rate.
Family Savings Account
A savings
account for your family, with up to 10 members each with a different
access. Manage your finances better and share benefits. Get multiple
supplementary debit cards for your family members for free.
Currency Passport Savings Account
The best of both worlds benefits of a
deposit account in a savings account, with 0.15% interest based on currency and
credits every quarter. Easy movement of funds in multiple currencies in the
same account, learn more about Currency
Passport Savings Account.
Manchester United Savings Account
For all the football fans out there, this
account is for you, get up to 0.50% interest p.a. depending on the number of
goals Manchester scores in that month. With offers on official Manchester
merchandise and savings up to AED 5,000 with your Manchester United Debit Card,
kick-off
your journey today.
Mudaraba Savings Account
A shari’ah compliant savings account
available in AED and USD, so that you can bank effortlessly. Learn more about
our Islamic
accounts.
There are many banks and institutions out there
offering many options to park your funds, do your research and beware of
scammers.
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