Arab Today, arab today cbd’s active saver rewards fitnessconscious customers
Last Updated : GMT 08:28:01
Arab Today, arab today
Arab Today, arab today

CBD’s Active Saver rewards fitness-conscious customers

Arab Today, arab today

Arab Today, arab today CBD’s Active Saver rewards fitness-conscious customers

Commercial Bank of Dubai
Abu Dhabi - WAM

Commercial Bank of Dubai, CBD, yesterday announced the launch of a unique new mobile app, "CBD Active Saver", that allows fitness-conscious customers to get rewarded with higher interest rates on their savings. The app invites customers to link their CBD saving account with their Fitbit or Jawbone activity tracker devices. Customers can then transfer money from their CBD account to a special high-interest savings account based on how active they are. Essentially, the more the customer walks and exercises, the higher the interest rate they can earn. CBD is the first bank in the region to launch such a concept.

The idea for the Active Saver app was conceived at CBD's Innovation Lab, which explores new products, technologies, and processes that can add value to customers' lives and drive business efficiencies and growth. This new product is an extension of CBD's Personal Financial Management Solution launched a year ago to help CBD customers make smarter financial choices and to guide them in achieving their financial goals.

The app is available for download on the Apple App Store and is currently compatible with Fitbit and Jawbone fitness devices. More fitness trackers will be added in the future. Active Saver is also easy to set up. After downloading the app on an iOS device, customers need only to link it to a wearable fitness device and their bank account. Higher interest rates and transaction limits are tied to the number of steps taken in a day and become more attractive as the goals become higher. Interest is then accrued according to each customer's monthly average balance and paid at the end of every month.

In the near future, CBD will be offering the Active Saver app to Android users and to those customers who want to sync their iPhone and Apple Watch activity tracker with the Bank's Active Saver app.

Peter Baltussen, CEO, Commercial Bank of Dubai said, "At CBD, we are constantly looking to bring extraordinary experiences to the market and to our customers through the continual launch of innovative products and services. CBD's Innovation Lab has allowed us to help transform our employees' creative ideas into market innovations and the Active Saver App is a clear example of this. We continually look for ways to engage our employees in coming up with breakthrough products and services to provide our customers with that extra-special, extraordinary banking experience."

Commenting on the new app, Murray Sims, General Manager, Personal Banking Group, CDB, said, "The Active Saver App promotes fitness and health among our customers while giving them increased financial benefits. This new ‘Powered by You' app will encourage all our customers to improve their fitness levels while also helping them better achieve their long-term financial goals. A truly personalised experience for all."

The Active Saver app from CBD is not limited to existing customers. Anyone interested in the concept can sign up for a 30 day trial period during which users can set goals and simulate their savings growth. After the trial period is over, users can opt to continue their journey by opening a CBD account without losing any of the savings achieved during the simulation.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cbd’s active saver rewards fitnessconscious customers Arab Today, arab today cbd’s active saver rewards fitnessconscious customers

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday