Baraem Children's Account
Give your child a head start when it comes to understanding the basics of good money management and the value of saving.
With an NBF Islamic Baraem Children's Account you can encourage your children to save with a choice of an NBF Islamic Max Saver and/or an NBF Islamic Dream Deposit.
Set up a direct debit for their monthly pocket money and encourage them to save any cash gifts from friends and family.
NBF Islamic Debit Card
If your child is between the ages of 12-17, you can also request a debit card linked to their NBF Islamic Baraem account.
- Free withdrawals at over 6,000 ATMs in the UAE, including other banks’ ATMS
- Shop in-store or online
NBF Islamic Max Saver
- A profit rate of up to AED 2% p.a.*
- Up to three withdrawals per calendar quarter without affecting the applicable profit rate**
- Profit is calculated on your child’s account on daily balance and is paid quarterly
NBF Islamic Dream Deposit
- Deposit amounts in units as low as AED 500
- Attractive profit rates of up to 3.25% p.a.*
- Set up a convenient monthly direct debit on your NBF Islamic account into your child's Dream Deposit
*Expected profit per annum
**0.25 % per annum expected profit if more than three withdrawals in a quarter
Terms and conditions of NBF Islamic Max Saver and NBF Islamic Dream Deposit apply