Hi All,
Any suggestion for a reliable bank with sound interest rate for saving account ?
Regards,
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Saving Account
- apourtey
- Dubai Expat Wannabe
- Posts: 7
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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.
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.
- benwj
- Dubai Master of Thread Hijackers
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- Posts: 1503
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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,
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,
- fayz
- Dubai Forums Knight
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- Posts: 2880
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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!).
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!).
- xty
- Dubai Forums Veteran
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- Posts: 1144
- Location: anywhere but Dubai
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