| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
Standard Chartered Bank - Savings Account
|
Minimum Balance Required: AED 10,000 | Annual Return: 0% | Features: Online Banking, Internet banking |
Features:
- Earn Interest: Carry out as many transactions as you want without missing the opportunity to earn returns on your Savings Account.
- Available in multiple currencies: Access a wide range of currencies.
- Full range of services: Convenient access to your funds 24/7.
- Internationally recognized debit card: Accepted all over the world, enjoy round the clock access to your bank account funds over ATM withdrawals & purchases online or at merchant outlets. T's & C's apply.
- High withdrawal limits: Access your funds easily with higher daily withdrawal limits.
- Local bills payments: Access all major utility providers such as DEWA, Etisalat & Du via online Banking for easy payments of your bills.
- Alerts: receive SMS alert when transaction is performed
- eStatements: help save the planet (secure)
- Banking online or on the go: manage your money easily
Eligibility:
- Nationality: UAE Nationals, Resident & None Resident individuals.
- Minimum age of 18 years old.
Required documents:
- Residents: Passport, Emirates ID & Resident Visa
- Non Residents: Passport, Bank statements & Address proof
Interest rates are subject to change from time to time at the sole discretion of the standard chartered bank.
** 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.
