Five UAE banks offer their clients the chance to win prizes to enter the Millionaires Club by saving them a minimum of AED4,000.
Mashreqbank offers its customers a Mashreq Millionaire Savings Certificate, a risk-free savings scheme with capital guarantee. Anyone who buys two certificates worth AED 2,000 for the certificate enters a draw four times a year on a cash prize of AED 1 million.
According to the bank, the certificate can be issued immediately and at any time, and only 2.5% of the value of the certificate in the case of early redemption within 90 days from the date of purchase.
ADCB also offers an Islamic Millionaire Savings Account with a deposit of just AED 5,000, with no penalty for withdrawing the account. Deposits are available in AED or USD and the chance to win is increased every time AED 1000 is deposited. Abu Dhabi Commercial Bank (ADCB) offers a monthly prize of AED 1 million, in addition to 10 monthly prizes worth AED 10,000 each and 100 prizes worth AED 5,000 each.
Emirates Islamic, through the Kunooz account, offers a chance to win a monthly prize of AED 1 million, in which nine depositors have already won since March 2017. Each saving of AED 5,000 gives the applicant an opportunity to win the Grand Prize. The prize money will be credited to the winners' account within two months of the draw date.
Emirates NBD is offering a Mercedes-Maybach prize of nearly AED 1 million. Depositors with an average balance of AED 100,000, in the current account, savings account or fixed deposit account, can enter the draw. Each AED 50,000 increase in the Current or Savings Account, or AED 100,000 in the Smart Savings Account or Fixed Deposit account also gives an additional chance to withdraw.
Commercial International Bank (CIB) is offering the Mabrouk Finance Account prize of AED 1 million.
The applicant must open an account with a minimum of AED 10,000, in addition to four quarterly prizes of AED 100,000.
Each additional deposit of AED 500 gives the applicant an additional chance to enter the draw, and the applicant receives life insurance with a minimum available balance of AED 100,000.
4000
Minimum bank savings of AED.