Make your money work harder with an XtraSaver Account
Enjoy a high interest rate of 2.00% p.a. on your XtraSaver account. Let the account do the hard work for you. Available in AED & USD currencies.
Earn attractive interest, start with just AED 3,000
- Earn 2.00% p.a. interest, calculated on your average monthly balance. Open an account with as little as AED 3,000.
Contactless debit card
- Accepted all over the world. Enjoy 24/7 access to your funds for ATM withdrawals, online shopping or at merchant outlets. (Not available with USD account) *
Available in USD and AED currencies
- No matter what the goal is, the XtraSaver account gives you the flexibility between AED & USD currencies to save and get higher returns on your savings.
Easy account access
- Withdraw funds whenever you want** with convenient access to your account via phone banking, online banking and the SC Mobile app.
Details
Example Savings Table 1*
| MONTH 1 | MONTH 2 | MONTH 3 | MONTH 4 | MONTH 5 | MONTH 6 | |
|---|---|---|---|---|---|---|
| Monthly Avg. Deposit Balance (AED) | 100,000 | 150,000 | 185,000 | 275,000 | 380,000 | 382,000 |
| Interest Rate(p.a.) | 0.25 | 0.25 | 0.50 | 1.00 | 2.00 | 2.00 |
| Monthly Interest(AED) | 20.83 | 31.25 | 75.00 | 229.17 | 633.33 | 636.67 |
| Total Avg. Balance(AED) | 100,021 | 150,031 | 180,075 | 275,229 | 380,633 | 382,637 |
| **Only 3 debit transactions are allowed per month. Should there be more than 3 debit transactions in a month, the return earned will be 0% for that month. |
| *Interest is calculated based on the monthly average balance in the Account and paid on the last business day of each calendar month1 with no minimum balance requirement2 |
Key Charges
Fees and charges are subject to change. All fees and charges listed are inclusive of 5% Value Added Tax (VAT), where applicable.
| SERVICE | CHARGES |
|---|---|
| Minimum initial deposit | AED 3,000 (or equivalent in foreign currency) |
| Minimum average monthly balance | AED 0 |
| Monthly service charge | Nil |
| Fall-below fee | Nil |
Eligibility & Documents
ELIGIBILITY
- Nationality
- UAE Nationals, Residents, and Non-Resident individuals
- AgeMinimum 18 years old
DOCUMENTS REQUIRED
- For Residents
- Passport, Emirates ID, and Resident Visa
- For Non Residents
- Passport, Bank Statements, and Address proof