About Savings Account

The savings accounts are regular account where you can deposit money and earn an interest on the funds you hold in the account. These accounts tend to pay higher interest rates and also offer various features like ATM and debit cards, chequebooks, etc. The exact features of the savings account may differ from one bank to another for example, some banks may require that you maintain a minimum balance while other won’t. Some of these accounts even come with features that are meant to promote savings like the app offered by Emirates NBD that turns your mobile phone into a unique savings tool but suggesting tiny amounts to save every time you shake your phone.