| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
Noor Bank - Savings Account
|
Minimum Balance Required: AED 3,000 | Annual Return: 0.5% | Features: Islamic Finance, Sharia Compliant, Phone Banking, Multiple Currencies, Free Cheque Book, Islamic Banking |
The Savings Account from Noor Bank is a basic day-to-day account with many ways of accessing it. It also gives you a chance to grow your money: you can earn quarterly profits by maintaining an average monthly balance of as little as AED 3,000.
Noor Bank customers have the opportunity to earn high returns of up to 2.5% p.a. on their savings, plus a chance to win back their entire months’ debit card spends.
How it works?
Get up to 2.5% per annum , plus a chance to win back up to AED 10,000 in debit card spends every month.
Step 1
Deposit AED 5,000 or more in your Savings/ Savings Plus Account and earn an additional 2% p.a. cash reward on the incremental funds. This is over and above the prevailing anticipated profit rates on the Savings Account/ Saving Plus.
Step 2
Spend AED 100 or more thice in a month on your Noor Bank Debit Card and get a chance to win back your monthly spends of up to AED 10,000. Two winners every month.
Don’t have additional savings to place in your account? Not a problem; You still have a chance to win back your monthly debit card spends!
Swipe AED 100 and more on your Debit Card three times in a month and get a chance win up to AED 10,000 every month.
Offer ends 30 June 2018 Terms & Conditions apply.
Documents Required:
For Residents:
For Residents:
- Copy of valid UAE Residence Visa
- Emirates ID
- Copy of National ID card or Copy of Family Book
- Bank reference letter (not older than 30days)
- Account statement of last six months with existing 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.
