| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
National bank of Bahrain, UAE - Savings Account - Individual
|
Minimum Balance Required: AED 25,000 | Annual Return: 2% | Features: Online Banking, Multiple Currencies, ATM Card |
NBB Savings Account
With Savings Account from NBB, you can have the convenience of an interest-bearing accounts in AED and BHD currency account, having your salary transferred directly to your account.
Features
- Account can be opened with a minimum of as AED 1,000 or equivalent in other currencies
- ATM Card
- Available in AED, BHD, USD and GBP and other currencies.
- Individual or joint accounts available
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
