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.