Max Saver

Shopping for a savings account that gives you maximum benefits? Look no further than NBF Max Saver. With a higher yield for surplus funds and with easy access to your savings, the NBF Max Saver is banking made convenient just for you.

Key product features:

  • Available in AED and USD
  • No minimum balance requirement
  • No account opening fees
  • Interest rate is AED 2% pa and USD 1% pa *
  • Interest calculated on your daily balances and paid monthly
  • Flexibility of one withdrawal allowed per month without affecting the interest earned
  • Even if you exceed the permitted withdrawal, you are still eligible for an interest of 1% pa in AED and 0.50% in USD *
  • Open up to 2 MAX Saver accounts

* Interest rates and charges are subject to change ant time by the Bank.

Certain basic information on the MAX saver account:

  • UAE nationals and residents who hold valid residence visas
  • Only for individual customers (single and joint account holders)
  • Minors are not eligible to open this account
  • Primary requirement of either a NBF current or savings account
  • No cheque book facility
  • Cash withdrawal or cash deposit at the branch will be charged at AED 25 per transaction.
What is a MAX Saver account?

NBF MAX saver account is an innovative account that lets you earn high interest on your surplus funds.  This account can be opened either in AED or in USD. There is no minimum balance requirement.

Who is eligible to open a MAX Saver account?

UAE nationals and residents with valid UAE residence visas are eligible to open a MAX Saver account. Only individuals are eligible to open the account. It can be held as a single or a joint account. Minors are not eligible to open this account. However, a customer is expected to have a primary relationship in the form of a current or savings account with the Bank.

How is my interest calculated on MAX Saver?

Interest is calculated on the daily cleared balance and paid monthly as long as there has been no more than one debit/withdrawal for that month.

When do I start earning interest on my deposit?

Interest is paid on the first working day of the following month. Please note that you will receive interest on the daily cleared closing balance subject to withdrawal conditions.

Do I get interest regardless of the number of withdrawals?

Any debit more than one per month will result in a penalty interest for that particular month. The rate of interest and penalty and charges will be determined from time to time by the Bank and is subject to change without any notice.

Do I get an ATM card/ cheque book with NBF MAX saver account?

For utilising your funds in case of emergency, we issue a debit card. However, no cheque book is issued for this account.

Does NBF MAX Saver Account charge any transaction fees?

There are no restrictions on the number of transactions that can be performed at the branch or at the ATM. However, cash transactions at the branches are subject to a charge of AED 25 per transaction.

Can I have more than one MAX Saver account?

Yes. Each customer can hold up to a maximum of two MAX saver accounts at any point in time. One account can be held in AED and another account in USD.

Is it possible to transfer salary directly into this account?

Salary transfers are directly not permitted into the MAX Saver account.