| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
NBF - Savings Plus Account
|
Minimum Balance Required: AED 3,000 | Annual Return: 0% | Features: Multiple Currencies |
Open an account, maintain a monthly average balance of AED 3,000* and enjoy greater transactional flexibility and unlimited free branch transactions.
*A monthly fall below fee of AED 25 applies if the balance is not maintained
Features
- Available in AED
- Interest credited every six months
- You can also avail:
- Free ATM withdrawal from any ATM in UAE
- Standing instruction facilities
- Remittance facilities with attractive exchange rates
** 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.
