Emarati Family Savings Account

One family. Separate accounts. Many benefits.

Key Benefits

Higher expected profit rates

Higher expected profit rates based on the account balances of all family members

Individual Savings Account

Separate individual savings account for every account holder

Account Privacy

100% complete account privacy for every account holder

Free Discount Vouchers

50% discount on Processing fee* on Finances and vouchers of up to AED 700* on Cards

Click Here to view the Key Facts Statement, Schedule of Charges and other important information for this product.

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Features

Shariah compliant Wakala based profit bearing Account.
Higher profit rate paid on a pooled balance of all family members.
Add up to 10 immediate family members into the family pool.
Full privacy on each individual Emarati Family Saving Account.
Each customer will have their own mobile/ internet banking access, debit card, statement of account (where applicable).
No Minimum monthly balance or salary requirement for any family member.
No cheque book will offered on this account.

Terms & Conditions apply. Click here.

Additional Benefits

Finance Product

50% processing fee discount on Auto, Home and Personal Finance*

Personal Finance / Auto Finance	50% of the processing fee for Personal Finance /Auto Finance.
Home Finance	50% of the processing fee Maximum of AED 2500

Credit Card

Vouchers up to AED 700 & 15,000 EI SmartMiles*

Infinite & Signature Cards	Noon vouchers worth AED 700
Platinum Cards	Noon vouchers worth AED 300
Emarati Cards	15,000 bonus EI Smartmiles

Terms & Conditions apply. Click here.

Eligibility

Emarati Family Saving Account can be opened by an individual UAE National customer only.*
Minimum member required 2 and maximum of 10 members, to enjoy the pooled earning.
Primary member age must be minimum 21-year-old.
No age condition for the secondary’s members however minor accounts will have to be represented by the Legal Guardian.
A first-degree relationship is required to be categorized as Immediate family members is must for linking the account.
Immediate family members are classified as Spouse, Siblings, Children and Parents.

* Non-UAE National cannot be a primary member. Non-UAE National can avail the Emarati family Saving Account (as secondary member).

Accepted documents to confirm immediate family relationship:

Khulasat-al-Qaid
Marriage certificate
EIDA of each member
Passport of each member

Profit Calculation

Profit will be paid monthly based on the average balances held in the Emarati Family Savings Accounts of all family members.

Profit is distributed on calendar Monthly basis.

Pooled balance slab - In AED	Expected Profit rates (p.a)	Payout Profit
Less than AED 499K	0.25%	Monthly
AED 500K – AED 999K	0.50%
Greater than 1 million	0.75%

Terms and conditions apply. Profit rates are subject to change.

Account Opening

How to open your account?

If you are existing customer, or new to bank, please visit any nearest branch to assist. Primary customer must be present with the secondary member for linking the accounts and enjoy the benefit.

Travel Campaign Winners

Winners Family
Family winner 1
Abdulla Abdulrahman Mohamed Alhosani
Family winner 2
Khalil Aljasmi
Family winner 3
Abdulla Alfalasi
Family winner 4
Ahmad Taryam

Frequently Asked Questions

It is a Shariah complaint Wakala based account that allows you and your immediate family members to open their own zero balance Savings Account with our exclusive Emarati Debit Card. All the account holders under one family will also benefit from higher profit rates on their individual account balances based on pooling of funds from all accounts under the family.

AED

One account per individual.

No minimum balance requirement.

Only ATM card, no cheque book for saving account.

Yes.

A higher profit rate will be paid monthly on average pooled balances.

It is the daily closing balance across the month held in each Emarati Family Saving Account and is combined together across all Emarati Family Savings Accounts within the immediate family.

Yes.