One of the most significant types of savings accounts offered by banks and financial institutions in the UAE is the savings account. Due to the numerous benefits offered, many people prefer to keep their own money in savings accounts, and many banks that offer savings accounts also impose minimum requirements on their customers.
In this article, we will introduce you to some banks that offer a savings account without a minimum salary in the United Arab Emirates, based on the wage and the balance with which to register accounts.
A bank account in the UAE without a minimum salary
There are many banks and financial institutions that provide the option of opening accounts, and there are many savings accounts within those organizations that demand the holders of those accounts have a minimum salary and a minimum balance in order to open those accounts with them. We’ll demonstrate and explain how to save without having to meet a minimum.
UAE bank account without minimum salary
1. Mashreq Bank
Mashreq Bank is one of the oldest private banks in the UAE, which was established in 1967 under the title of Bank of Oman. Mashreq Bank was the first bank in the UAE to install cash change machines from ATMs, and also Mashreq Bank is the first to issue debit and credit cards and also to grant consumer loans. Mashreq Bank offers an Easy Saver account, which is a UAE bank account without a minimum salary, in addition to a competitive annual return of approximately 6%.
2. Abu Dhabi Commercial Bank
The third-largest bank in the United Arab Emirates and the fifth-largest bank in the entire Arab Gulf region is this bank, formerly known as Union National Bank. Currently, Abu Dhabi Commercial Bank is making investments in the Egyptian market to provide a range of financial solutions along with banking services and goods.
The Abu Dhabi Commercial Bank offers the Speed Up savings account, one of the most significant accounts without a minimum salary, and accounts without a minimum salary offer a very competitive return of up to 6.5 percent, which you can spend. The refund is also calculated on any balance in the account, with the option of disbursing the entire amount through the energy ATM.
3. Emirates NBD Bank
Emirates NBD offers savings accounts, which are one of the best savings accounts in the UAE as it does without t require a minimum income, unlike other banks, all a savings account needs is to deposit an amount of fewer than 3000 dirhams, with It is necessary that this amount remains in the deposit in the bank for at least 30 days without withdrawal process, to obtain benefit from it, and it can also be deposited in the currencies of dirhams and dollars.
4. Flexi account
The Flexi account is one of the most important accounts that belong to the list of the best savings accounts in the UAE; As there is without minimum salary through this account Enjoy great benefits and services regardless of your account balance, earn 0.02% annual interest on an account balance up to 50k AED and 0.05% annual interest on balances between 50k AED and 100 thousand Emirati dirhams.