Take control of your finances and enjoy higher returns with our XtraSaver Account. With 2% interest p.a. it’s one of the best savings rates in the UAE, so there’s really no comparison.

  • Easy account access digital

    Online, on mobile and in branches.

  • Chip and PIN debit card

    If you need to make transactions

  • Earn immediately

    Interest is compounded daily and paid monthly1

  • Save any amount

    No minimum balance Requirement2

Example savings

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.

month 1 month 2 month 3 month 4 month 5 month 6
Monthly Deposit(AED) 5,000 5,000 5,000 5,000 5,000 5,000
Interest Rate(p.a.) 1.00% 1.00% 2.00% 2.00% 2.00% 2.00%
Monthly Interest(AED) 4.3 8.6 25 34.5 41.8 51.9
Total Balance(AED) 5,004 10,013 15,038 20,073 25,114 30,166

Earn 1% p.a. in the first 2 months and 2% p.a. onwards for up to 1 debit transaction1 per month. No interest earned on 2 or more debit transactions in a month.

Terms and Conditions

Terms and Conditions

The XtraSaver Account is available in AED denomination only. The opening of the XtraSaver Account will be limited to 1 Account per client. Interest rates are applicable for balances up to AED 2 million. Balances above the maximum balance cap will earn 0% p.a. interest rate. Only Fresh Funds may be deposited into the XtraSaver Account. “Fresh Funds” are defined as funds brought in from outside Standard Chartered Bank UAE (the “Bank”) within 90 days of opening the XtraSaver Account.

All Transactions will be considered completed on the Value Date (the date of the transaction as determined by our Banking systems).Transactions performed on Fridays and public holidays will reflect on the next Bank working day.
If the account is closed before the end of the Calendar Month, 0% interest (p.a.) is applicable for that Calendar Month. Calendar Month being one of the twelve months of the calendar year.

*The above interest rate is subject to change at any time. Provided that no more than 1 debit transaction is made to the account per month, clients can earn 1% p.a. each month for the first two consecutive months and 2% p.a. from the third consecutive month onwards. Should there be 2 or more debit transactions in a month, the interest earned will be 0% for that month, and the interest rate cycle will repeated as detailed above.

Debit Transactions include all withdrawals from the account, including, but not limited to, the Bank’s fees and charges, standing orders, loan recoveries, retail purchases, ATM withdrawals etc. Debit transactions in which no separate Bank fees and charges are levied include Standard Chartered Bank UAE ATM withdrawals, retail purchases, 3D Secure transactions and utility bill payments. This also includes the instance where a client initiated debit transaction is subsequently reversed and credited back to the XtraSaver Account.

1Interest shall be calculated daily based on the available daily-ending balance (which includes accumulated interest) and paid on the last business day of each calendar month.

2If you hold other accounts under the same master number as the XtraSaver Account, the Minimum Balance Requirements of AED 3,000 (or foreign currency equivalent) are applicable to those accounts. However, any balances held in your XtraSaver Account(s) will apply toward satisfaction of the Minimum Balance Requirements for those accounts.

Further terms and conditions and the Service and Price Guide can be found here

Back to Top