Active Saver App offers very attractive interest rates. Prevailing interest rates on a monthly average balance is as below:
Amount
|
Interest Rates % p.a. |
AED 0 - 24,999 |
0.25%
|
AED 25,000 - 99,999 |
0.50%
|
AED 100,000 – 999,999 |
0.75%
|
AED 1,000,000.01 – 4,999,999 |
1.50%
|
More than AED 5 Million
|
0.20%
|
Interest will be accrued on monthly average balance and paid at the end of the month. It will be calculated based on the monthly average balance broken into slabs as above.
Illustration: If monthly average balance is AED 999,999, interest will be paid as per below:
Amount
|
Interest Rates % p.a. |
AED 0 - 24,999 |
0.25%
|
AED 25,000 - 99,999 |
0.50%
|
AED 100,000 - 999,999 |
0.75%
|