Alwan Children’s Saving Scheme

National Bank of Umm Al-Qaiwain

Standard

National Bank of Umm Al-Qaiwain logo
UAE Nationals Eligible Yes
Expatriates Eligible Yes
Non-Residents Eligible Yes
Minimum Age 0 Years
Maximum Age 18 Years
Flat Interest Rate - Up to 1.00% p.a. credited half-yearly. Minimum balance of AED 500. Five free withdrawals yearly; further withdrawals charged AED 25 each.
Interest Payment Frequency Half-yearly
Islamic Banking No
Minimum Balance Requirement AED 500.00
Below Minimum Fee AED 0.00
Early Closure Fee AED 0.00
Supported Currencies AED
Negative Balance Interest 0.00%
Prize Draw No
Cashback Rewards No
Lounge Access No
Requires Regular Deposits Yes
Regular Deposits Details Minimum monthly contribution of AED 200. Available for children up to age 18.
Joint Account Allowed No
Minor Allowed Yes
savings_accounts.can_open_online No
Mobile Banking No
Debit Card No
Cheque Book No
24/7 Support Yes
Sustainability Incentives No
Goal-Based Savings No

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