The FAB iSave Account stands out as one of the most compelling savings products in the UAE, especially for individuals aiming to grow their savings efficiently. The FAB iSave Account is a top choice for savers in the UAE, offering one of the highest promotional interest rates available. Its easy access, flexible withdrawal options, and zero balance requirement make it suitable for a wide range of savers. The digital onboarding process and robust features available through the FAB Mobile app further enhance its appeal, making it a convenient and efficient tool for managing savings. For those looking to maximize their savings with a reliable financial institution, the FAB iSave provides an excellent combination of high returns, flexibility, and ease of use, particularly during the promotional period.
Conditions
Eligibility: The offer is exclusive to individual customers who are UAE residents with a valid Emirates ID. Existing funds in the account as of 30 June 2022 are subject to the prevailing interest rates, making this account particularly beneficial for those adding new deposits.
Get your FAB account and credit cards instantly.
Zero paperwork! Open an account and get a credit card, with just your Emirates ID
High-Interest Rate
One of the key highlights of the FAB iSave is its exceptionally competitive interest rate. The account offers a striking 5.25% per year on new funds deposited between 1 May 2023 and 30 September 2024, making it an attractive option for those looking to maximize their savings returns.
Promotional Rate: This high rate is available only on new funds deposited during the specified period, significantly boosting your savings potential. This promotion positions the FAB iSave Account as one of the best savings options in the UAE.
Ease of Access and Flexibility
Opening an FAB iSave Account is both quick and convenient, thanks to FAB iSave account opening online through the FAB Mobile app or Online Banking. This digital onboarding process ensures that customers can access their savings account without the hassle of paperwork.
No Minimum Balance Requirement: As a FAB zero balance account, the iSave Account does not require a minimum balance to earn interest or avoid fees, offering great flexibility for savers at all levels.
Unlimited Withdrawals: Customers enjoy the freedom to withdraw their funds as often as needed without any penalties, making it an ideal savings option for those who need regular access to their money.
Interest Rate Structure
The interest rates for the FAB iSave Account are structured to reward larger deposits, making it an appealing choice for individuals looking to save significant amounts:
Balances Under AED 500,000: Earn up to 2.465% per year.
Balances Between AED 500,000 and Less Than AED 5,000,000: Earn interest ranging from 2.465% to 3.251% per year.
Balances Above AED 5,000,000: Interest is capped at 3.251% per year.
This tiered structure encourages higher deposits while still offering competitive rates for smaller balances.
Promotional Campaign Details
The 5.25% promotional rate is applicable only to new funds deposited during the campaign period, with the base balance as of 30 April 2023 being the reference point. This encourages customers to deposit additional funds to take advantage of the high-interest rate.
Differential Interest Payout: The additional interest over the prevailing rate will be credited within 45 days after the campaign ends on 30 September 2024, specifically for deposits made during the extension months of June through September 2024.
Seamless Digital Banking
The FAB iSave integrates seamlessly with the FAB Mobile app, providing a user-friendly platform for managing finances. The app allows customers to:
Instant Account Opening: As part of FAB iSave account opening online, customers can open their account instantly using just their Emirates ID, with zero paperwork involved.
Manage Finances Efficiently: The app offers comprehensive features for checking balances, transferring money, and tracking rewards, ensuring complete control over your savings.
Apply Now
Please fill in the details to receive a call back with more details about this product
First, Abu Dhabi Bank (FAB) offers a diverse range of banking accounts designed to cater to the unique financial needs of individuals and businesses across the UAE. Whether you are looking to manage your daily finances, save for the future, or grow your wealth with competitive interest rates, FAB has an account that fits your lifestyle. From flexible current accounts that simplify your everyday transactions to high-interest savings accounts that help you achieve your financial goals, FAB provides comprehensive banking solutions that combine convenience, security, and rewarding benefits. With state-of-the-art digital banking platforms like the FAB Mobile app, managing your accounts has never been easier or more accessible. Join FAB and experience a world of financial opportunities tailored to your needs.
FAB offers a variety of account types to suit different financial needs. These include Personal Current Accounts for everyday banking with features like free debit cards and cheque books, Savings Accounts that offer competitive interest rates to help grow your wealth, and Elite Savings Accounts designed for premium customers with benefits like tiered interest rates and exclusive rewards. Additionally, FAB provides specialized accounts like the iSave Account, which offers one of the highest savings rates in the UAE. Each account type is tailored to offer specific benefits, making it easy to find the perfect fit for your financial goals.
The FAB (First Abu Dhabi Bank) Savings Account is designed to offer flexibility, convenience, and competitive interest rates to help you grow your savings efficiently. Whether you are a salaried individual, self-employed, or not salaried, FAB provides a range of savings options that cater to your financial needs. Here is a detailed look at what the FAB Savings Account offers, including key features, eligibility criteria, and benefits.
1. Availability in Multiple Currencies:
The FAB Savings Account is available not only in UAE Dirhams (AED) but also in other major currencies, offering you flexibility depending on your needs.
2. Interest Earnings:
Enjoy competitive FAB savings account interest rates on your balance. The interest rate is subject to prevailing market conditions and the bank’s policy. The earned interest helps grow your savings over time.
3. Minimum Balance Requirement:
To maintain your FAB Savings Account, a minimum monthly average balance of AED 3,000 or its equivalent in other currencies is required. This balance requirement ensures you continue earning interest while avoiding any penalties for low balances.
4. Debit Card Features:
When you open a FAB bank account, you receive a FAB Mastercard debit card. The standard debit card has a daily ATM withdrawal limit of AED 15,000 and a daily retail purchase transaction limit of AED 20,000. The FAB Platinum debit card offers enhanced limits, with AED 20,000 for daily ATM withdrawals and AED 40,000 for daily retail purchases.
5. Complimentary Airport Lounge Access:
With the FAB Platinum Mastercard debit card, you gain complimentary access to airport lounges. No prior booking is necessary—just present your card at participating lounges to enjoy a comfortable experience before your flight.
6. Ease of Access:
Open a FAB Savings Account instantly through the FAB Mobile app. The app simplifies the process, allowing you to get your FAB bank account and associated credit cards with zero paperwork. All you need is your Emirates ID. The app also allows you to manage your account, pay bills, check balances, and send money with just a few taps.
The FAB Savings Account is a robust financial tool designed to help you manage and grow your savings effectively. With its attractive interest rates, flexible currency options, and the convenience of digital banking, the FAB Savings Account offers secure and rewarding banking experience. Whether you are looking to save in AED or other major currencies, the FAB Savings Account provides a competitive edge with additional rewards like complimentary airport lounge access and high daily transaction limits. Opening an account is simple, and with just your Emirates ID, you can get started instantly via the FAB Mobile app.
The FAB (First Abu Dhabi Bank) Personal Current Account is a flexible and convenient banking option designed to meet the diverse needs of individuals in the UAE. Whether you are a salaried employee, self-employed, or not salaried, the FAB Personal Current Account offers a range of benefits, easy access, and efficient account management options that cater to your lifestyle.
Debit Card Benefits: When you open a FAB Personal Current Account, you receive a FAB Mastercard debit card that provides you with convenient access to your funds. For standard account holders, the daily ATM withdrawal limit is AED 15,000, and the daily retail purchase transaction limit is AED 20,000. Platinum account holders enjoy enhanced limits, with AED 20,000 for ATM withdrawals and AED 40,000 for retail purchases.
Free Lounge Access: If you hold a FAB Platinum Mastercard debit card, you benefit from complimentary access to selected airport lounges, adding a touch of luxury and comfort to your travel experience.
First Cheque Book Free: As a new account holder, you will receive your first cheque book free of charge, making it easier to manage your payments and transactions.
Flexible Account Management: The FAB Mobile app provides you with the power to manage your FAB Personal Current Account instantly and efficiently. You can open an account, get a debit card, and access various banking services with just your Emirates ID, with no paperwork required. The app also allows you to check your balance, pay bills, transfer money, and earn FAB Rewards, all from your smartphone.
Documentation:
Account Opening Form: A completed account opening form is required.
Identification: A copy of your valid passport, resident visa, and Emirates ID (originals must be presented for verification).
Proof of Income: Documents such as a salary certificate or bank statements may be required to verify your income.
The FAB Personal Current Account is a reliable and versatile banking solution for individuals looking for flexibility and convenience in managing their finances. With benefits like a free debit card, complimentary lounge access, and a free first cheque book, along with easy account management through the FAB Mobile app, this account is tailored to suit your lifestyle. Whether you are managing daily expenses or planning for larger financial goals, the FAB Personal Current Account offers the tools and services you need to stay in control of your finances.
The FAB iSave Account is designed to help you grow your savings with one of the most competitive interest rates in the UAE. Whether you are looking to build a financial cushion or save for a specific goal, the iSave Account offers a blend of high returns, flexibility, and convenience, making it an excellent choice for individual savers.
1. High Interest Rates: 5.25% Campaign Rate: Earn a special interest rate of 5.25% per year on new funds deposited between 1 May 2023 and 30 September 2024. This campaign rate applies exclusively to new funds added during this period, making it one of the most attractive rates available.
Previous Campaign Rate: For funds deposited between 1 July 2022 and 30 April 2023, a rate of 4% per year was offered.
Base Balance Consideration: The overall balance at the customer level as of 30 April 2023 is considered the base balance for calculating the 5.25% interest rate. Existing funds held before 30 June 2022 are subject to prevailing interest rates, which are applied monthly.
2. Interest Calculation and Application:
Eligibility Calculation: The eligibility for the high interest rate is based on the average monthly balance maintained in the account.
Differential Interest: A differential interest amount over the prevailing interest rate will be applied within 45 days from the campaign’s extension end date (30 September 2024) for the extension months (June, July, August, and September 2024).
3. Flexible Account Management:
No Minimum Balance Requirement: There is no minimum balance requirement for the iSave Account, allowing you to start saving without financial pressure.
Unlimited Withdrawals: The account offers complete flexibility with no restrictions on the number of withdrawals, giving you easy access to your funds whenever needed.
4. Instant Account Opening:
You can open an iSave Account instantly through the FAB Mobile app or Online Banking. This seamless process requires no paperwork, and you can get started with just your Emirates ID. The app also allows you to manage your account, check balances, send money, and even use FAB Rewards to pay bills—all in a few taps.
Interest Rates by Balance Bands
The FAB iSave Account is a powerful tool for anyone looking to maximize their savings with a high interest rate. With the 5.25% campaign rate on new funds, flexible management options, and no minimum balance requirements, this account offers both high returns and ease of use. Whether you are an existing FAB customer or looking to open a new account, the iSave Account is a compelling option for growing your wealth in the UAE. Open your iSave Account today through the FAB Mobile app and start taking advantage of these fantastic benefits.
The FAB Elite Savings Account offers more than just a place to store your money—it is a comprehensive financial tool designed to provide competitive interest rates, flexible currency options, and exclusive rewards. Whether you are looking to save in multiple currencies or earn rewards on your spending, the FAB Elite Savings Account is tailored to meet your financial needs with premium benefits.
1. Multicurrency Account:
The FAB Elite Savings Account allows you to hold and manage your savings in multiple currencies without the burden of maintaining a minimum balance. This feature is ideal for individuals who require flexibility in managing their finances across different currencies.
2. Competitive and Tiered Interest Rates:
The Elite Savings Account offers tiered interest rates on AED balances, ensuring you earn more as your savings grow:
Interest rates are subject to change and will be updated periodically to reflect current market conditions.
3. FAB Rewards Program:
Domestic Spending: Earn 60 FAB Rewards for every AED 100 you spend domestically using your Elite Savings Account debit card.
International Spending: Earn 120 FAB Rewards for every AED 100 you spend internationally.
Instant Redemption: Enjoy the convenience of instant redemption of your FAB Rewards. You can use your rewards for shopping, cashback, paying utility bills, dining out, or even booking your next holiday.
Exclusive Lifestyle Rewards: Through the World Mastercard debit card linked to your Elite Savings Account, you gain access to exclusive lifestyle rewards, enhancing your everyday experiences.
4. High Transaction Limits:
ATM Cash Withdrawal Limit: Withdraw up to AED 40,000 per day from ATMs, giving you greater access to your funds when you need them.
Retail Purchase Transaction Limit: Make retail purchases up to AED 75,000 per day, providing the flexibility to manage larger expenses directly from your account.
The FAB Elite Savings Account offers a sophisticated savings solution with competitive interest rates, rewarding benefits, and flexible account management. Whether you are saving in AED or multiple currencies, this account provides the tools and incentives you need to grow your wealth while enjoying exclusive lifestyle rewards. With high transaction limits and a rewarding FAB Rewards program, the Elite Savings Account is more than just a savings account—it is a gateway to premium banking experience.
To open a FAB Account, you must meet the following eligibility criteria:
Age: You must be 18 years of age or older.
Employment Status: The account is open to salaried, self-employed, and non-salaried individuals.
Nationality: Available to UAE nationals, GCC nationals, resident expatriates, and nonresidents.
Instant Account Opening: Open your FAB bank account quickly and easily via the FAB Mobile app, making the process seamless and convenient.
Customer Service: For any assistance, you can reach out to FAB's customer service. Within the UAE, call 600 52 5500, and for international queries, dial +971 2 681 1511.
FABCashback Credit Card
Minimum Salary AED 0
MINIMUM BALANCE 3.50%
MINIMUM DEPOSIT 3.50%
Please fill in the details to receive a call back with more details about this product
FABCashback Credit Card
Minimum Salary AED 5,000
MINIMUM BALANCE 3.50%
MINIMUM DEPOSIT 3.50%
Please fill in the details to receive a call back with more details about this product