Monday 13, November 2017 by Jessica Combes

Al Hilal Bank launches student savings account

 

To encourage a culture of savings among students in the UAE and build awareness about the importance of savings, Al Hilal Bank launched a Student Savings Account for university and college students.

The Al Hilal Bank Student Savings Account will have several features catering to student needs with free ATM withdrawals, monthly profit distribution, and no minimum balance requirement to operate the account.

“It is in our best interest that students in the UAE cultivate savings habits early in life, manage their finances and spend wisely.” He added: “Since we find great interest and joint success in aligning our objectives with the national agenda of the UAE; we will be offering five internship slots to each university in the UAE, through a draw on our registered Student Savings Account Holders,” said Alex Coelho, CEO of Al Hilal Bank.

Kiosks and booths will be installed at major universities for immediate, on-the-ground interaction with the students; providing them with information on how to operate their accounts and assisting them with any queries on account opening.

SMS and social media content will be used to target the millennial segment.

Al Hilal Bank strives for excellence through innovative and progressive Shari'ah-compliant products such as the Student Savings Account.