Mashreq’s Step up Saver offers up to 10,000 Salaam points. Philip Cheung / The National
Mashreq’s Step up Saver offers up to 10,000 Salaam points. Philip Cheung / The National

UAE bank deposits that boost your savings



Mashreq’s Step up Saver

Benefits: This capital guaranteed account offers increasing returns on your savings over the course of its 18-month tenure. The interest rate starts at 0.05 per cent and rises gradually month by month until it hits 4 per cent. The account also offers up to 10,000 Salaam points – the bank's loyalty programme.

Watch out for: The minimum deposit required to qualify for Salaam points is Dh100,000 and if you withdraw your money early, a penalty rate of 0.5 per cent will be charged.

Union National Bank’s Accelerating Rate Deposit

Benefits: This account, only available in dirhams, offers step-up rates that accrue daily and are applied to your balance monthly. The rate starts at 0.9 per cent in the first month rising to 5 per cent in month 18. This makes it one of the best returns on a fixed deposit account you can make in the UAE.

Watch out for: The minimum deposit balance is Dh50,000 and the maximum is Dh50 million.

EmiratesNBD Fixed Deposits

Benefits: The longer you leave your money in this fixed deposit, the more interest you accrue. The account begins to earn interest in the third month, gradually rising to 1.56 per cent in the 60th month. This account is available in dirhams, dollars, British pounds and euros and also allows early withdrawals.

Watch out for: Non-customers of the bank must open a transaction account before they can open a fixed-deposit account. The minimum tenure is three months.

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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

UAE currency: the story behind the money in your pockets
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Teams

Pakistan: Sarfraz Ahmed (captain), Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shanwari, Hasan Ali, Imad Wasim, Faheem Ashraf.

New Zealand: Kane Williamson (captain), Corey Anderson, Mark Chapman, Lockie Ferguson, Colin de Grandhomme, Adam Milne, Colin Munro, Ajaz Patel, Glenn Phillips, Seth Rance, Tim Seifert, Ish Sodhi, Tim Southee, Ross Taylor.