| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
NBF - Max Saver Account
|
Minimum Balance Required: AED 0 | Annual Return: 1.75% | Features: Multiple Currencies |
Looking for a savings account that gives you maximum benefits? With a higher yield for surplus funds and easy access to your savings, the NBF Max Saver is banking made convenient - just for you.
Features:
- Access to AED and USD currencies.
- An interest rate of up to AED 1.75% p.a. or USD 1.25% p.a.
- Interest is calculated on your daily balance and paid monthly.
- The flexibility of one monthly withdrawal, which won't affect the interest earned.
- Up to two NBF max saver accounts per customer.
** 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.
