eSaver FAQ's
- What is a eSaver account?
- Who is eligible to open a eSaver account?
- Do I need to be an existing customer with CBI to open an eSaver account?
- Do I earn any interest on eSaver Account?
- How is my interest calculated on eSaver ?
- When do I start earning interest on my deposit?
- Does eSaver provide an ATM card/ cheque book?
- Is there a minimum balance requirement to open an eSaver ?
- Can business customers hold an eSaver account?
- Can I have more than one eSaver account?
- Does eSaver account offer an SMS alert service?
- Is it possible to transfer salary directly into this account?
- Do I get interest regardless of the number of withdrawals?
CBI eSaver account is an innovative high yield savings account that can be opened online. This account can be opened in AED.
Residents of the UAE who are at least 18 years old are eligible to open an eSaver account. Non-UAE Nationals should hold a valid residence visa to open an eSaver account. Only individuals are eligible to open the account. It can be held as a single or a joint account. Minors are eligible to open this account as joint account holders.
Yes, eSaver account gives a chance to save your surplus funds. Hence, a customer should have a primary current or a savings account with the Bank to open an eSaver account.
Yes, you will earn attractive rates on your eSaver account depending on the amount you keep in your account. The more you save the more you will earn.
Interest is calculated on the daily cleared balance and paid monthly.
Interest is paid on the first working day of the following month. Please note that you will receive interest on the daily cleared closing balance.
For utilising your funds we issue a debit card (linked to other accounts). However no cheque book is issued for this account.
No minimum balance required.
No, we currently offer eSaver to individual customers only.
Yes. Each customer can hold unlimited eSaver accounts at any point in time.
Yes. Free SMS alerts are sent to eSaver Account holders, if they have registered for this service. Free credit notification and debit notifications are sent to valid mobile numbers.
Salary transfers are permitted to eSaver account.
Any debit more than one per month, will result in forfeiture of interest for that particular month. The rate of interest will be determined from time to time by the Bank and is subject to change .
CBI eSaver account is an innovative high yield savings account that can be opened online. This account can be opened in AED.
Residents of the UAE who are at least 18 years old are eligible to open an eSaver account. Non-UAE Nationals should hold a valid residence visa to open an eSaver account. Only individuals are eligible to open the account. It can be held as a single or a joint account. Minors are eligible to open this account as joint account holders.
Yes, eSaver account gives a chance to save your surplus funds. Hence, a customer should have a primary current or a savings account with the Bank to open an eSaver account.
Yes, you will earn attractive rates on your eSaver account depending on the amount you keep in your account. The more you save the more you will earn.
Interest is calculated on the daily cleared balance and paid monthly.
Interest is paid on the first working day of the following month. Please note that you will receive interest on the daily cleared closing balance.
For utilising your funds we issue a debit card (linked to other accounts). However no cheque book is issued for this account.
No minimum balance required.
No, we currently offer eSaver to individual customers only.
Yes. Each customer can hold unlimited eSaver accounts at any point in time.
Yes. Free SMS alerts are sent to eSaver Account holders, if they have registered for this service. Free credit notification and debit notifications are sent to valid mobile numbers.
Salary transfers are permitted to eSaver account.
Any debit more than one per month, will result in forfeiture of interest for that particular month. The rate of interest will be determined from time to time by the Bank and is subject to change .
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