ADIB Banoon Children's Savings Account | MoneyCamel

Abu Dhabi Islamic Bank

ADIB Banoon Children's Savings Account

CAMEL VIEW
  • Three gifts in the welcome box.
  • Prepaid Darhoom card for your child.
  • Profit rates are tiered.
  • You need minimum balance of AED 5,000 to be eligible for profits.
FEATURES
Interest/Profit Rate 
0.60 % p.a.
Average Balance 
AED 3,000
Standing Instructions Facility 
Yes
Interest Bearing Account 
Yes
Multiple Currency 
AED, USD, GBP, EUR
Funds Transfer Facility 
Yes
FEES & CHARGES
ADDITIONAL INFORMATION

Voluntary Education Takaful up to AED 100,000 for a takaful contribution amount of only 1 a day.

Benefits 

You get three gifts in the welcome pack & you can get a Darhoom Card for your child - prepaid from your account with customized limits, SMS alerts sent to you, and attractive discounts at your child's favourite shops. ADIB also makes AED 100 donation on behalf of your child to the Red Crescent Scholars Assistance program.

Other Benefits & Conditions 

Higher profit rates, from the achieved profits, for higher account balances. Profit rates are tiered for eg for Decemeber 2014, if balance was from AED 5,000-10,000 profit was 0.49%, from AED 10,000-25,000 it was 0.50%, from AED 25,000-250,000 it was 0.51% and more than AED 250,000, it was 0.60%.

Fine Print 

Minimum monthly balance of 5,000 to be eligible to earn profit.

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