Emirates NBD, a leading bank in the region, announced today the launch of the Emirates NBD Family Savings Account for UAE National customers, enabling Emirati families to consolidate their banking relationship with Emirates NBD and benefit from preferential interest rates and privileges.

As the oldest local banking group in the country, Emirates NBD has a deep commitment to the local community and the Family Savings Account complements the bank’s extensive suite of bespoke offerings for UAE National customers including preferential terms and pricing for personal and auto loans, mortgages and investment products. The bank’s proposition is also in line with the UAE’s Cohesive Family 2021 initiative that aims to strengthen domestic ties and preserve family bonds.

Immediate family members can open Family Savings Accounts and pool their individual account balances to enjoy higher interest rates with no requirement of transferring salary or maintaining a minimum balance. Account holders will continue to operate their individual bank accounts as normal, receiving separate monthly statements while enjoying benefits applicable to the combined relationship.

“The Family Savings Account is shaped by the core values of togetherness and sharing that form the centre of Emirati family life,” said Ahmed Al Marzouqi, Executive Vice President & General Manager - Retail Distribution, Emirates NBD. “As a leading local bank, we are delighted to enhance our proposition for UAE National customers with an exclusive account that recognises their lifestyle and needs, providing them with superior value and convenience.”

Emirates NBD recently signed a Premier Partnership agreement with Expo 2020 Dubai to become its official banking partner, and will offer a range of innovative financial products and services to visitors, participants and organisers of the global event.