NBF launches bonus interest campaign offering up to 6.25% annual returns for new customers

NBF launches bonus interest campaign offering up to 6.25% annual returns for new customers

National Bank of Fujairah has launched a Bonus Interest campaign targeting new-to-bank customers, offering annual returns of up to 6.25 per cent as competition for deposits intensifies across the UAE banking sector. The initiative reflects broader market dynamics, with UAE banks offering promotional savings rates ranging from 3.5 per cent to 6.25 per cent in 2026 to attract retail deposits.

The campaign provides tiered returns based on whether customers transfer their salary to NBF. Customers who transfer their salary through UAEFTS/WPS can earn up to 6.25 per cent annually on a Current Account and up to 6 per cent on a Savings Account. Those who do not transfer their salary can still access competitive rates of up to 5 per cent on a Current Account and up to 4.75 per cent on a Savings Account.

Founded in 1982, NBF has key shareholders including the Government of Fujairah and Easa Saleh Al Gurg LLC. The bank holds credit ratings of Baa1/Prime-2 for deposits by Moody's and BBB+/A-2 by Standard & Poor's, both with stable outlooks. The institution recently posted its best half-yearly net profit after tax of AED 688.9 million in the first half of 2026, representing a 10.2 per cent increase compared to the same period in 2025.

Account eligibility and bonus structure

The offer applies to new-to-bank customers maintaining account balances between Dh100,000 and Dh3 million. Unlike traditional fixed deposits, the structure allows customers to maintain access to their funds throughout the qualifying period. Once the qualifying period concludes and eligibility requirements are met, bonus interest will be calculated based on the qualifying monthly average balance and paid as a single lump-sum payment within 60 days.

The competitive rates come as the Central Bank of the UAE maintains its overnight deposit facility base rate at 3.65 per cent as of July 2026, following the US Federal Reserve's decisions. The UAE dirham's peg to the US dollar means the country's monetary policy remains closely aligned with Federal Reserve actions. For UAE residents, the absence of personal income tax means savings interest is received gross with no local withholding, providing a significant advantage over savers in taxed jurisdictions.

Banking sector context

Total bank deposits in the UAE grew to AED 3.469 trillion by April 2026, with private-sector deposits increasing by 1.4 per cent to AED 2.31 trillion. The UAE banking sector demonstrates strong stability metrics, with the capital adequacy ratio standing at 17 per cent and the liquidity coverage ratio exceeding 146.6 per cent in early 2026, both well above international regulatory standards.

Eligible customers can access NBF AlSamy and NBF Priority relationship banking services, depending on their qualification level. These propositions provide dedicated support, personalised banking services and exclusive lifestyle and travel privileges. Customers may also benefit from the NBF Multi-Currency Debit Card, enabling transactions in AED, USD, EUR and GBP for international travel and everyday spending.

NBF operates 15 branches across the UAE in Fujairah, Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah. The bank recently won three awards at the MEA Finance Banking Technology Awards 2026 for Best Cybersecurity and Risk Management Implementation, Best Cloud Implementation, and Best Core Banking Infrastructure Implementation, demonstrating its investment in digital banking capabilities.

The campaign forms part of NBF's broader personal banking offering, which combines everyday banking, savings, cards, digital banking and relationship banking solutions. The offer remains valid until August 31, with full eligibility criteria available on the NBF website or through NBF Relationship Managers. Terms and conditions apply.