An Abu Dhabi parent has won AED 50,000 from First Gulf Bank’s (FGB) second ChildFirst prize draw. The winner, Abdul Rahman Al Zaabi from Abu Dhabi, will now be able to use the prize to assist him in funding his child’s education.

Commenting on his win, Abdul Rahman Al Zaabi said: “I am obviously ecstatic as like most parents, I want my children to have the best education and First Gulf Bank’s initiative is helping people to achieve this dream.”

As one of the leading banks in the UAE, FGB’s quarterly prize draws for the savings account have reaffirmed its commitment to education and now parents across the country are benefiting from the substantial funding support that eases the burden school fees put on their pockets.

By signing up for FGB’s ChildFirst savings account, which can be opened with as little as of AED 3000, customers can start receiving interest as long as a minimum of AED 5000 is maintained. Interest rates are set at 0.5% and are increased to 1% if at least AED 2000 is deposited monthly and the average balance increases above the previous month’s balance. Furthermore, every AED 5000 saved gives the customer a chance to win the quarterly ChildFirst raffle of up to AED 50,000 as reimbursement for tuition expenses for their child.

Commenting on the ChildFirst savings account, Huda Mohammed Abdulla, Executive Vice President - Branch Distribution, said: “With every product we create at FGB, we take into consideration the advantages it will bring to the UAE community as a whole. We believe that education is one of the establishing pillars of a flourishing society, leading us to create the ChildFirst savings account which can help to ensure that our children get the highest quality education they deserve.”

First Gulf Bank does not charge its customers any additional administration cost for a full or partial withdrawal from the account or if the deposit amount falls below the minimum indicated range. This reaffirms FGB’s commitment towards offering the best solutions in the knowledge that their customers have a huge number of financial demands to meet. Primary account holders also receive a free international debit card and online account access.

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