Ultra Saving Account FAQs

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What are the main features of Ultra Savings Account?

Key Attractions of Ultra Savings Account are: - Interest up to 2% P.A paid on monthly basis - Unlimited withdrawals - Free Debit Card - Low Account Opening Amount - No Maintenance Charge - Dedicated Relationship Manager with a host of Sadara benefits for customers with balances above AED 400,000

How is Ultra Savings Account different from a normal Savings Account?

Ultra Savings Account is a Savings Account that offers tiered interest rates linked to the balance held in the account unlike a normal savings account where the interest is paid at the same rate for all balances. This account encourages saving in order to earn higher interest. There are many other attractive features that come with this account.

Who is eligible to open an Ultra Savings Account?

Ultra Savings Account is available to UAE Nationals and Expatriates. It can be opened in an individual's name only.

What is the minimum amount required to open an Ultra Savings Account?

The minimum amount required to open Ultra Savings Account is AED 3,000 only.

Is there a limit to the maximum amount one can keep in the Ultra Savings Account?

There is no maximum cap on the amount one can keep in the account.

Can I make any amount of withdrawals any time from Ultra Savings Account?

There is no restriction on the number and amount of withdrawals from this account. Customers can withdraw any time, any amount using their debit cards or visit any UAB branch. Customers will continue to get the interest at the applicable rate for the minimum balance in the account for the month.

Can I convert my existing Savings Account to Ultra Savings Account?

No, A new account has to be opened with UAB. Existing account holders will be required to sign a form with updated contact details.

Can I open an Ultra Savings Account in any other currency?

No, Ultra Savings Account can be opened in AED's only.

Can I open an Ultra Savings Account under Islamic Banking?

No, Ultra Savings Account is available only under Conventional Banking.

Can I open one than one Ultra Savings Account?

You can open only one account under the same name and style. However, you can have another account jointly with another person.

TALK TO US TODAY

You can reach us using any of the following numbers

UAB Toll Free	800 474
International callers	+971 6 5987332
Sadara Toll Free	800 72 32 72
Sadara international	+971 6 5987333

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