Ultra Savings Account

Ultra Savings Account

Features

  1. Interest up to 2% P.A paid on monthly basis
  2. Unlimited withdrawals
  3. Free Debit Card
  4. Low Account Opening Amount
  5. No Maintenance Charge
  6. Dedicated Relationship Manager with a host of Sadara benefits for customers with balances above AED 400,000

Interest rates offered

Balance Range Interest Rate % P.A.
0 to < 100, 000 1.50%
100,000 to < 500,000 2.00%
500,000 to <1000, 000 1.75%
1,000,000 to < 5,000,000 1.50%
5 Million to 10 Million 1.00%
Above AED 10 Million 0.25%

* The following rates are applicable from 1st April 2014

Interest rates are subject to change anytime without notice

UAB Terms & Conditions

Additional Terms & Conditions

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Frequently Asked Questions

What are the main features of Ultra Savings Account?

Key Attractions of Ultra Savings Account are:

  • Interest up to 2% P.A paid on monthly basis
  • Unlimited withdrawals
  • Free Debit Card
  • Low Account Opening Amount
  • No Maintenance Charge
  • Dedicated Relationship Manager with a host of Sadara benefits for customers with balances above AED 400,000

How is Ultra Savings Account different from a normal Savings Account?

Ultra Savings Account is a Savings Account that offers tiered interest rates linked to the balance held in the account unlike a normal savings account where the interest is paid at the same rate for all balances. This account encourages saving in order to earn higher interest. There are many other attractive features that come with this account.

Who is eligible to open an Ultra Savings Account?

Ultra Savings Account is available to UAE Nationals and Expatriates. It can be opened in an individual's name only.

What is the minimum amount required to open an Ultra Savings Account?

The minimum amount required to open Ultra Savings Account is AED 3,000 only.

Is there a limit to the maximum amount one can keep in the Ultra Savings Account?

There is no maximum cap on the amount one can keep in the account.

Can I make any amount of withdrawals any time from Ultra Savings Account?

There is no restriction on the number and amount of withdrawals from this account. Customers can withdraw any time, any amount using their debit cards or visit any UAB branch. Customers will continue to get the interest at the applicable rate for the minimum balance in the account for the month.

Can I convert my existing Savings Account to Ultra Savings Account?

No, A new account has to be opened with UAB. Existing account holders will be required to sign a form with updated contact details.

Can I open an Ultra Savings Account in any other currency?

No, Ultra Savings Account can be opened in AED's only.

Can I open an Ultra Savings Account under Islamic Banking?

No, Ultra Savings Account is available only under Conventional Banking.

What are the applicable interest rates on Ultra Savings Account?

The Interest Rates offered are as given below: -

Balance Range in AED

Interest Rate % P.A.

0 to < 100,000

1.50%

100,000 to < 500,000

2.00%

500,000 to < 1,000,000

1.75%

1,000,000 to < 5,000,000

1.50%

5 Million to 10 Million

1.00%

Above 10 Million

0.25%

Interest rates are subject to change anytime without notice

Can I open one than one Ultra Savings Account?

You can open only one account under the same name and style. However, you can have another account jointly with another person.

For more details call 800 474

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