UAE: Emirates NBD launches family savings account

Emirates NBD has introduced its new savings product for UAE nationals, the Emirates NBD Family Savings Account.

The new product will allow Emirati families to open a Family Savings Account and pool their individual account balances to access preferential interest rates.

The account will not require customers to transfer their salary to the bank or maintain a minimum balance. Account holders will still be able to use their own bank accounts as normal while taking advantage of the benefits of the combined account.

According to RFi Group data, more than 1 in 4 UAE consumers hold a savings account and competitive interest rates are the key consideration when selecting an account provider.

Emirates NBD executive vice president and general manager of retail distribution Ahmed Al Marzouqi said: “As a leading local bank, we are delighted to enhance our proposition for UAE National customers with an exclusive account that recognises their lifestyle and needs, providing them with superior value and convenience”.

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