Highlights
No account maintenance charges
No account maintenance fee
Earn up to 1.25% on monthly average balances
Features of GreenGrowth Account
At Commercial Bank of Dubai, we’re committed to backing the UAE’s ambitions to plant 100 million mangrove trees by 2030 and achieving net zero emissions by 2050. That’s why we’re proud to launch the GreenGrowth Account - a savings account that not only helps you grow your finances but also contributes to a greener future for everyone.
An Account for a better tomorrow!
The GreenGrowth Account isn’t just about saving money - it’s about planting the seeds for a better tomorrow. It’s about making an impact on the environment while securing your financial future. When you open a GreenGrowth Account and maintain an average balance of AED 25,000 (for over 3 months), we’ll plant a mangrove tree on your behalf*. Mangroves prevent coastal erosion, enhance biodiversity, and help in absorbing carbon.
So go ahead and grow your savings while we grow mangroves on your behalf.
Features and benefits
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Competitive interest rate of up to 1.25% per annum.
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Cardless Digital Account
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No minimum account balance or account maintenance fees
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Up to 3 transactions each month (ex: transfers and payments) with no impact on interest rate
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Online access to Account Balance and Statements
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Account opening through the CBD Mobile App
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Quarterly updates on the total number of planted mangrove trees
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E-certificate personifying your commitment towards a sustainable future
*GreenGrowth Account was previously called E-saver Account. Existing esaver Account customers will also have a Mangrove tree planted on their behalf if they increase their average balance by AED 25,000 after 30 September 2024.
Terms and Conditions Apply, for detailed terms and conditions please click here
Interest rates
| Monthly average balance | Interest rate % p.a**. |
|---|---|
| AED 0 – AED 24,999 | 0.50% |
| AED 25,000 – AED 99,999 | 0.75% |
| AED 100,000 – AED 999,999 | 1.00% |
| AED 1,000,000 – AED 4,999,999 | 1.25% |
| =>AED 5,000,000 | 0.50% |
**Interest rates are subject to change; terms and conditions apply.
Eligibility criteria
| GreenGrowth | Criteria |
|---|---|
| Age limit | If you are UAE National or UAE resident and minimum 18 years of age. |
GreenGrowth
Required documents
- Completed account opening form
- Emirates ID
- National passport / ID
- Residence Visa
- Completed account opening form
- National passport / ID
- Proof of address
- Bank statements
Relevant links
Key Facts Statement
We kindly request you to carefully read and understand this document if you are applying for a savings account with Commercial Bank of Dubai.
Learn moreAffordable Banking Tips
Our goal at CBD is to ensure that everyone has access to affordable banking solutions to help improve financial capability, promote savings, and build assets and wealth in the months and years to come. This section provides you with tips for your lowest cost and more affordable banking solutions at CBD. To ensure you are not charged a monthly service fee on your account, please ensure you maintain a minimum monthly average balance of AED 5,000. This is waived if you transfer your salary to CBD (minimum salary transfer of AED 5,000 or more, effective 1 August 2024) or if you have a loan/finance with the bank.
FAQs
Terms and conditions governing Personal Accounts and Online Banking/Digital Banking service will apply
- Branch transactions are restricted for this account.
- GreenGrowth Accounts are offered to self-employed and salaried individuals
- Minimum salary requirement for salaried individuals for opening GreenGrowth account is AED 5,000/-
- Minimum and Maximum account average balance on which interest can be earned and the interest rates on different amounts are as stipulated by the Bank from time to time. For details please refer product details or call our call centre @ 600 575 556
- Withdrawal restrictions apply on this account. For details please refer product details or call our call centre @ 600 575 556
- It is mandatory for customers to comply with KYC and AML policies and requirements of the Bank. In case of non-compliance, bank will have rights to block /close the account without prior notice.
- All customers agree to submit copies and produce original for sighting of updated passport, residence visa, Emirates ID and other necessary documents as stipulated by the Bank and regulating authorities of the UAE. Failure to this may result in account suspension /closure as may be decided solely by the Bank without prior notification. Failure to above or to meet any other terms may also result in actions as may be required by the laws stipulated by the Bank and regulating authorities.
- Interest pay out on closure of account will be as per Bank’s policy
- A salary transfer letter is required as additional documentation for customers opening the account for salary transfer purpose
- Customers must be 18 years of age or above to open a GreenGrowth account
- Interest is accrued and paid on average balances at the end of each calendar month (provided account has been open for the whole calendar month).
- Interest is calculated after splitting total average monthly balance across the tiers (as shown in the Interest rate table). The value of balance may fall across multiple tiers. Interest is paid as per the respective tier rates that are valid for that month.
- Interest rates and earning rules may change from time to time (subject to our sole discretion) and will be updated on the CBD app and website.
Interest will be accrued on monthly average balance and paid at the end of the month. Monthly average balance will be broken into slabs. For example, if monthly average balance is AED 999,999, it will be broken into three slabs:
Monthly Average Balance slabs | Interest rate % p.a. |
AED 0 – AED 24,999 | 0.50% |
AED 25,000 – AED 99,999 | 0.75% |
AED 100,000– AED 999,999 | 1.00% |
Monthly average balance | Interest rate % (p.a.)* |
AED 0 – AED 24,999 | 0.50% |
AED 25,000 – AED 99,999 | 0.75% |
AED 100,000 – AED 999,999 | 1.00% |
AED 1,000,000 – AED 4,999,999 | 1.25% |
=>AED 5,000,000 | 0.50% |
| *If maximum withdrawal per month does not exceed permissible limit. | |
Important information
If the account balance is below the Minimum balance thresholds, then the corresponding breach of Minimum balance charges will apply. For complete product details and warnings, please refer to the Key Facts Statement document.
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