Enjoy higher returns for your savings

Standard Chartered Bank UAE offers one of the best savings options for clients looking to take control of their finances and enjoying higher returns. XtraSaver is a high yield savings account offering 2 per cent interest per annum aimed at rewarding clients for keeping their savings deposits with the Bank over an extended period of time.

Unlike other options available in the market that either have balance barriers to earn higher returns or offer returns based on tiered savings; XtraSaver is one of the leading high yield savings account in the market with no such limitations.

It is a dirham-denominated account based on transactional behaviour, clients will earn 1 per cent per annum each month for the first two consecutive months and then 2 per cent per year from the third consecutive month onwards, provided not more than one debit transaction is made to the account per month. The maximum interest earning balance is Dh2 million. Clients of Standard Chartered can setup their XtraSaver account by simply logging on to online banking accounts.

Additional benefits of the account include no minimum balance charges, a Chip and PIN debit card to pay for purchases or to withdraw cash, daily compounded interest and universal access to the account through online banking, mobile banking, phone banking and across the bank’s branches. How does the XtraSaver account work? Set up a standing instruction on your XtraSaver account and grow your savings, every month. Here’s how you can enjoy higher returns with regular deposits.