Emirates NBD introduces Millionaire Account offering customers the chance to become millionaires every month

Press release

Published August 29th, 2024 - 07:48 GMT

Emirates NBD

Highlights

Designed to reward customers for their commitment to cultivating strong financial habits

Dubai, UAE, 29 August 2024: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, today announced the launch of its new Emirates NBD Millionaire Account, a savings-linked account giving customers the opportunity to win big.

The account focusses on promoting savings habits and rewards customers with a total prize pool of AED 57 million, with dedicated prizes for Emiratis, residents and businesses.

Individual Millionaire account holders with deposit balances of AED 10,000 or an AED 8,000 average balance for payroll transfers have the chance to win prizes worth AED 45 million, including four bi-annual prizes valued at AED 18 million, 20 Mega monthly prizes of approximately AED 20 million and more than 500 other prizes amounting AED 6 million over a period of one year.

Similarly, Business Banking customers can also enter the draw by maintaining a monthly average balance of AED 100,000, with a chance to win prizes worth more than AED 12 million, including four quarterly grand prizes worth AED 4 million, 60 Mega monthly prizes amounting AED 3.6 million and 204 other prizes valued at AED 4.44 million over a period of one year.

Marwan Hadi, Group Head of Retail Banking and Wealth Management, Emirates NBD, said: “We are excited to announce the launch of our new Emirates NBD Millionaire Account, yet another addition to our innovative suite of products and campaigns that reward individuals for saving more. As a leading national bank in the region, we take our responsibility seriously in encouraging customers to adopt good financial habits, guiding them to make informed financial choices and support them in achieving financial aspirations. Our new account is an excellent opportunity to reward our loyal customers by giving them a chance to win life-changing prizes.”

Emirates NBD offers its customers a wide range of transactional and interest-bearing accounts, flexible fixed deposit products as well as award-winning online or mobile-based savings accounts to save and earn.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.