What it means
An account for money you want to keep aside. It usually pays interest or profit, with some limits on withdrawals.
Banking
Savings Account
An account for money you want to keep aside. It usually pays interest or profit, with some limits on withdrawals.
CategoryBanking
Pro tip inside1 quick win
What “Savings Account” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
A savings account holds money you want to keep aside. UAE banks pay interest — or profit for Islamic accounts — and may set a minimum balance.
Why it matters
It's the natural home for an emergency fund: safe and easy to reach.
PRO TIPLook for no fall-below fee and easy transfers to your current account.
Test yourself
Which of these best describes Savings Account? Tap an answer.
Read more about Savings Account
Guides that use this term — and a tool to put it into practice.
