Saving Account

Topic locked
  • Reply
Saving account Jul 08, 2007
Hi All,
Any suggestion for a reliable bank with sound interest rate for saving account ?

Dubai Expat Wannabe
Posts: 7

  • Reply
Jul 08, 2007
If your goal is to save as much as possible whilst in Dubai and then bail out, HSBC have a savings plan which pays about 6% I think.
I assume that there are conditions wrt minimum monthly instalments etc but I don't know exactly because I spend all of my salary and don't have one of these accounts.
Dubai Master of Thread Hijackers
User avatar
Posts: 1503

  • Reply
Jul 09, 2007
hahahaha, Benwj, sadly you're not alone, interestingly (2/3rds) 67% of expats go home with no more money then they came with (stat from gulf news about 6 months ago)

HSBC for 6% is the best for a savings account I've found, you need to do everything on the internet and I think the min is 5k,
Dubai Forums Knight
User avatar
Posts: 2880
Location: take a left at the Bebsi interchange, that is the Bebsi interchange

  • Reply
Jul 09, 2007
Only fixed deposit can give you some interests.
Unless your savings is millions of Dirhams, it's not worth it to expect interests from only savings account, which normally only around 1%/pa (and that would be paid every quarter/half year!).
Dubai Forums Veteran
User avatar
Posts: 1144
Location: anywhere but Dubai

posting in Dubai Expat Help ForumForum Rules

Return to Dubai Expat Help Forum

  • Related topics
    Last post