Wio Bank, the digital financial platform based in the Middle East, has launched a new banking plan offering salaried individuals in the UAE a six per cent interest rate on their savings and significant benefits to enhance their financial wellness.
Dubbed the Personal Salary Plan, the new Wio Bank offering converts a standard salary account into a comprehensive financial wellness tool. It offers six per cent interest per annum on Fixed Saving Spacesāone of the highest in the UAEāand three per cent per annum on current account balances.
Financial wellness has emerged as a key priority for professionals in the UAE, with financial stress widely recognised as a factor affecting workplace productivity, mental health, and overall life satisfaction. Salaried individuals are increasingly seeking banking solutions that do more than just store their income.
The Wio Personal Salary Plan looks to ease these concerns by changing how employees interact with their primary source of income, turning standard salary accounts into tools for financial growth and stability.
The launch makes Wio the first bank in the UAE to offer interest on everyday balances. It says the features enable automatic wealth building, creating a foundation for improved financial wellness without requiring active management.
āIn todayās fast-paced economy, bank accounts should do more than just hold money ā they should create opportunities for growth,ā explained Jayesh Patel, CEO of Wio Bank. āPeople work hard for their income ā we believe their earnings should work equally hard for them.
āWe designed the Wio Personal Salary Plan to transform how people build wealth automatically with every paycheck, even when theyāre not actively managing their finances. This innovation directly supports our strategic mission to create financial tools that generate measurable value and empower customers to achieve greater financial security.ā
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Wio Bankās new plan also integrates multiple financial wellness components in one solution. Through one easy-to-use app, customers can save up to 3.5 per cent on global transactions with multi-currency accounts in USD, EUR, and GBP, enjoy up to two per cent cashback on credit card spending (up to AED2,500 per month), and seamlessly invest in over 2,500 UAE and US stocks, ETFs, and cryptocurrencies.
It says it hopes this holistic approach addresses key aspects of financial wellness, from daily money management to long-term wealth building, with a hassle-free digital account opening process that requires no paperwork.
Available to those earning AED 15,000 or more monthly, the Wio Personal Salary Plan supports the UAEās vision for financial well-being and digital advancement. Companies partnering with Wio can offer their employees special access, providing an accessible financial wellness benefit at no cost to employers.
The launch aligns with theĀ UAEās broader vision of financial empowerment and inclusion, with Wio Bank aiming to support residents in building long-term financial wellness. By offering a high-yield banking solution, Wio Bank also says it is contributing to the countryās economic development by encouraging smarter saving habits, enhancing digital banking adoption, and reinforcing the UAEās position as a leader in fintech innovation.
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