Sarah Dea / The National
Sarah Dea / The National

Three of UAE lenders’ fitness and savings incentives



Fitness Account with Emirates NBD

Benefits: Emirates NBD's Fitness Account rewards healthy customers with higher interest on their balances. Those who sign up for the mobile-based savings account can earn up to 2 per cent based on the number of steps they walk or run daily. Starting with a base rate of 0.25 per cent, it rises to 2 per cent when they clock 12,000 steps.

Beware of: You must have an Apple Watch or another compatible device.

Active Saver from CBD

Benefits: Commercial Bank of Dubai's Active Saver Mobile App is a fee-free savings account that rewards customers with higher interest rates the more they walk. Transfer in from Dh10 to Dh3,000 per day depending on the number of steps completed. Interest rates vary from 0.25 per cent to 1.5 per cent.

Beware of: Non-CBD customers are entitled to a one-month trial. After that, they must open a CBD account.

Fitness discounts with Mashreq

Benefits: Mashreq has signed up with a number of gyms to offer discounted memberships. Fitness First applicants with Mashreq cards do not pay the Dh299 joining fee and those signing up for an annual package get the 13th month free. Other offers include a 15 per cent discount at Millennium Plaza's Infinity Health Club.

Beware of: The offers, valid until November 20 2016, apply to Mashreq credit or debit cardholders.

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What is the definition of an SME?

SMEs in the UAE are defined by the number of employees, annual turnover and sector. For example, a “small company” in the services industry has six to 50 employees with a turnover of more than Dh2 million up to Dh20m, while in the manufacturing industry the requirements are 10 to 100 employees with a turnover of more than Dh3m up to Dh50m, according to Dubai SME, an agency of the Department of Economic Development.

A “medium-sized company” can either have staff of 51 to 200 employees or 101 to 250 employees, and a turnover less than or equal to Dh200m or Dh250m, again depending on whether the business is in the trading, manufacturing or services sectors. 

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Director Hansal Mehta

Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey

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