Standard Chartered Bank UAE has launched XtraSaver, a high rate savings account aimed at rewarding customers for keeping their savings deposits with the Bank over an extended period of time.
Based on transactional behaviour, customers will earn 1% p.a. each month for the first two consecutive months and then 2% p.a. from the third consecutive month onwards, provided not more than one debit transaction is made to the account per month. The maximum interest earning balance is AED 2 million.
Additional benefits of the account include a Chip and PIN debit card to pay for purchases or to withdraw cash, daily compounded interest and universal access to the account through Online Banking, Breeze banking, Phone Banking and the Bank's branches.
Shehzad Hameed, Head of Retail Banking, UAE, at Standard Chartered, said, "XtraSaver is a high-interest earning savings account with added flexibility. Customers benefit from a better interest rate, and the ability to move funds when required through our digital channels or in branch. I am confident that this product launch will further build our customer loyalty and strengthen our customer relationships."
Standard Chartered
We are a leading international banking group, with around 84,000 employees and a 150-year history in some of the world's most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East. Our heritage and values are expressed in our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.
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For further information please contact:
Jai Ganesh M
Head of External Communications, Africa & Middle East
Standard Chartered Bank
+ 971 4508 4625
m-jai.ganesh@sc.com
Chantal Hadley
Associate Director, External Communications, Africa & Middle East
Standard Chartered Bank
+ 971 4508 3221
chantal.hadley@sc.com
© Press Release 2016
