FAB iSave Account UAE (2025) – High Interest, No Minimum

As digital banking transforms the financial sector, the FAB iSave Account is a standout product designed for individuals who want to maximize their savings. As the largest bank in the UAE, First Abu Dhabi Bank (FAB) offers a hassle-free, high-yield savings account that can be accessed by anyone.

The FAB iSave Account offers competitive interest rates, no minimum balance requirements, and instant online access. Also Read About FAB ATM Near Me

What is the FAB iSave Account?

FAB iSave Account is a digital savings account offering competitive interest rates and flexible features designed to help individuals grow their savings.

Key Features of the FAB iSave Account

FAB iSave offers several advantages apart from conventional savings accounts, including:

1- High interest rates

FAB’s iSave Account’s market-leading interest rates are among its greatest attractions.

• The latest promotion allows customers to earn 4.75% per year on new deposits between May 1, 2023, and April 30, 2025.
• A savings account with rates like this is an excellent choice for individuals who wish to grow their savings faster than the standard savings account rates in the UAE.

2- No Minimum Balance Requirement

FAB iSave Accounts have no minimum balance requirement, unlike traditional savings accounts. This means that:

• Any amount can be used to save. Minimum balances aren’t required.
• Both a new and an experienced investor can benefit from it since there are no penalties or maintenance fees.

3- Unlimited withdrawals

A standard savings account may restrict withdrawals or penalize frequent withdrawals. FAB iSave, on the other hand, allows unlimited withdrawals.

• Customers can access their savings whenever they want.
• You won’t be charged additional fees or penalties, so it’s a highly flexible savings option.

4- Instant Account Opening

FAB offers seamless digital banking services by allowing customers to open an iSave Account immediately through:

• You can download the FAB Mobile App to your iOS or Android device.
• Any device can access FAB Online Banking.
• This allows customers to earn interest without visiting a branch.

5- Currency Availability

• There is an FAB iSave Account that offers transactions exclusively in United Arab Emirates Dirhams (AED).

Eligibility Criteria for FAB iSave Account

Customers must meet certain requirements to open an iSave Account:

• Residency: Applicants must have a valid Emirates ID and be UAE residents.
• Age: You must be at least 18 to apply.
• Customer Status: This offer is available to both new and existing FAB customers.
• Account Type: Individuals can apply for an iSave Account (corporations and joint accounts are not allowed).

Also Read About FAB Online Banking

How To Open a FAB iSave Account

There are two ways to open an iSave account with FAB:

1- Use the FAB Mobile App

• You can download the FAB Mobile App from Google Play or the App Store.
• You can log in (if you are an existing FAB customer) or register (if you are a new user).
• Click “Open a New Account” and select “Apply to an iSave Account”.
• Please fill out the personal and financial information requested.
• Verify your Emirates ID by uploading it.
• You will receive your account immediately!

2- Through FAB Online Banking

1. Register for FAB Online Banking at bankfab.com.
2. Choose “Open a New Account” and then “iSave Account”.
3. Please enter your personal and financial information.
4. Scan your Emirates ID and upload it.
5. Activate your iSave Account immediately after reviewing and submitting.

Interest Rates and Calculations

Your savings can be maximized if you understand the FAB iSave Account interest structure.

1- Promotional Rates (2023-2025)

• The interest rate on new deposits will be 4.75% between May 1, 2023, and April 30, 2025.
• It encourages customers to deposit larger amounts and save more money.

2- Base Interest Rates (Non-Promotional Funds).

There are three tiers of interest rates if funds are not new:

3- Interest calculation method.

• Daily Interest Calculation: An interest rate is calculated based on the closing balance each day.
• Monthly Payout: Monthly interest is credited to your account.
• By maintaining consistent savings, customers can ensure maximum earnings.

Also Read More About FAB Balance Check: Instantly Access via Mobile, Online, ATM & SMS

Advantages of Choosing a FAB iSave Account

• High-Yield Savings: A top UAE interest rate.
• No Hidden Charges: You don’t have to maintain a minimum balance or pay maintenance fees.
• Complete Flexibility: Deposits and withdrawals are unlimited.
• 100% Digital Account: Instant setup using the FAB Mobile App and Online Banking.
• Safe & Secure: First Abu Dhabi Bank (FAB) provides the security and reliability you expect.

FAB Elite Savings Account: Premium Savings with Exclusive Benefits

You can use the FAB Elite Savings Account for more than just storing your money; it’s a comprehensive financial tool that offers competitive interest rates, flexible currency options, and exclusive rewards. The FAB Elite Savings Account meets the financial needs of all customers with premium benefits, whether it’s saving in multiple currencies or earning rewards on your spending.

Key Features of the FAB Elite Savings Account

1- Multicurrency Account:

The FAB Elite Savings Account allows you to hold and manage your savings in multiple currencies without having to maintain a minimum balance. This feature is ideal for individuals who require flexibility in managing their finances.

2- Competitive and Tiered Interest Rates:

AED balances in the Elite Savings Account earn higher interest rates as they grow:

• Earn 0.02% on balances below AED 100,000.
• For balances between AED 100,000 and AED 500,000, earn an annual effective rate of 0.045%, which is 0.02% plus 0.025%.
• AED 500,000 and up: Earn 0.02% plus 0.05%, giving you 0.07% interest on your balance.

The interest rate will be updated periodically in response to market conditions.

3-FAB Rewards Program:

1. Domestic Spending: Get 60 FAB Rewards when you use your Elite Savings Account debit card domestically.
2. International Spending: Every AED 100 you spend internationally earns you 120 FAB Rewards.
3. Instant Redemption: You can redeem your FAB Rewards instantly for shopping, cashback, utility bill payments, dining out, and even booking your next vacation.
4. Exclusive Lifestyle Rewards: You can earn exclusive lifestyle rewards by using the World Mastercard debit card linked to your Elite Savings Account.

4- High Transaction Limits:

• Your ATM cash withdrawal limit is AED 40,000 per day, allowing you to access your funds more easily.
• Retail Purchase Transaction Limit: You can make retail purchases up to AED 75,000 per day, providing greater flexibility in managing large expenses.

FAB Elite Savings Accounts provide competitive interest rates, rewarding benefits, and flexible account management for sophisticated savings. With this account, you can grow your wealth while enjoying exclusive lifestyle rewards, whether you save in AED or multiple currencies. The Elite Savings Account provides high transaction limits and a rewarding FAB Rewards program, making it more than a savings account – it’s a gateway to premium banking.

Final Thoughts

A FAB iSave Account is a great savings option for UAE residents interested in: An account with a high interest rate without limitations. Access your account instantly with easy online management. To store their funds in a secure and reputable banking institution. You can benefit from the FAB iSave Account if you’re looking for a convenient, flexible, and rewarding savings account.

FAQs About FAB iSave Account