Residency
UAE resident
FAB iSave Account
FAB iSave is an online savings account for existing FAB customers. It has no minimum balance and pays interest in bands from 2% a year, credited monthly.
An existing account with FAB is required, such as FAB Personal Current Account.
At a glance
Key facts
Monthly FeeNo monthly fee
Minimum BalanceNo minimum balance
Account TypeSavings
Account access
No debit card included.
Open in the app.
An existing account with the bank is required.
FAB iSave is a savings account you run entirely online. It is an add-on for people who already bank with FAB: you need an existing FAB current or savings account, and then you can open iSave instantly in the FAB Mobile app or Online Banking. It is held in UAE dirhams only.
There is no minimum balance, no monthly fee and no limit on how often you take money out. There is also no debit card and no cheque book, so iSave is where spare money sits and earns interest, while day to day spending stays on your main account, such as the FAB Personal Current Account.
Who can open it
Existing FAB account
You need a FAB current or savings account before opening iSave.
Emirates ID
Only UAE residents with a valid Emirates ID are eligible.
Fees and balance
iSave has no monthly fee and nothing is charged when the balance is low or empty. The one charge to know about is the closure fee: AED 105 if you close the account within 6 months of opening it. Leaving the account open with a small balance costs nothing, so there is no reason to close it early just because you have moved your money out.
Minimum balance
None
Monthly fee
Free
Fall-below fee
Free
Account closure fee
AED 105
Charged only within 6 months of opening.
In plain words
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. More on this
Interest
Annual interest rate
| Your balance | Rate a year |
|---|---|
| Below AED 50,000 | 2% |
| From AED 50,000, below AED 100,000 | 2.25% |
| From AED 100,000, below AED 500,000 | 2.55% |
| From AED 500,000, below AED 1,000,000 | 2.85% |
| From AED 1,000,000, below AED 5,000,000 | 3.4% |
| From AED 5,000,000, below AED 100,000,000 | 2% |
| From AED 100,000,000, below AED 200,000,000 | 1.75% |
| Above AED 200,000,000 | 0.5% |
| Your balance | Rate a year |
|---|---|
| Below AED 50,000 | 2% |
| From AED 50,000, below AED 100,000 | 2.25% |
| From AED 100,000, below AED 500,000 | 2.55% |
| From AED 500,000, below AED 1,000,000 | 2.85% |
| From AED 1,000,000, below AED 5,000,000 | 3.4% |
| From AED 5,000,000, below AED 100,000,000 | 2% |
| From AED 100,000,000, below AED 200,000,000 | 1.75% |
| Above AED 200,000,000 | 0.5% |
PayoutMonthly
Calculated onAverage monthly balance
Rate applies toOnly the balance portion in this band
How interest works
Calculated onAverage monthly balance
Eligible fundsNew-to-bank funds
Offer periodFrom 1 September 2026 to 31 December 2026
- Fresh funds received September 1–December 31, 2026 above the customer-level August 31, 2026 base balance, capped at AED 100 million. The lower of identified fresh funds and average monthly iSave balance qualifies. Differential interest above AED 100 is paid within 45 days after campaign end; at least one iSave account must remain active.
How interest works
Calculated onAverage monthly balance
Eligible fundsNew-to-bank funds
Offer periodFrom 1 September 2026 to 31 December 2026
- Previously identified fresh funds received May 1, 2023–August 31, 2026 above the April 30, 2023 customer-level base balance. The lower of identified fresh funds and average monthly iSave balance qualifies for September–December 2026; differential interest above AED 100 is paid within 45 days after campaign end with an active iSave account.
In plain words
- Annual rate
- The rate is quoted for a full year. Money held for part of a year earns the matching part of it. More on this
- Balance bands
- The rate changes with how much you hold. Each band is a range of balance with its own rate. Each rate applies only to the part of your balance that sits inside its band, so a larger balance earns several rates at once, one for each band it fills. More on this
- Which balance counts
- The return is worked out on your average balance across the month, so money held for only part of the month counts in proportion. More on this
- New funds
- Money you add on top of what you already held with the bank. A rate marked for new funds is paid on that added amount only, not on your existing balance. More on this
- Conditional rate
- A rate that applies only while you meet the condition listed beside it. When the condition is not met, that rate is not paid. More on this
What your money earns here
Which rate applies to you
Standard rate
Held for
1 year
The amount and the rate stay the same for the whole period, and the interest is paid out, not added to the balance. Try other rates
AED 200
interest over 1 year
2%
a year on this balance
interest earned over time
Interest is based on your average monthly balance, which is each day's closing balance added up and divided by the days in the month. It is credited on the last day of the calendar month.
The rates are banded, and a band's rate applies only to the slice of your balance inside that band, never to the whole balance. Reaching a higher band does not change what the lower slices earn.
Benefits
Instant Opening Online
Existing FAB customers can open iSave instantly through the FAB Mobile app or Online Banking.
Monthly Interest Credit
Interest is credited to the account on the last day of each calendar month.
Unrestricted Withdrawals
There is no limit on the number of withdrawals you can make.
How to open
Before you apply
1.Open in the app.
2.An existing account with the bank is required.
3.No minimum balance.
4.No debit card included.
Application steps
1.Make sure you already hold a FAB current or savings account.
2.Log in to the FAB Mobile app or FAB Online Banking.
3.Open the iSave Account there. It is opened instantly, in UAE dirhams.
Good to know
Good option for
Existing FAB customers who want their spare dirhams to earn monthly interest without locking them away or keeping a minimum balance.
Consider another account if
You do not already hold a FAB current or savings account, you are not a UAE resident, or you want to save in a foreign currency. If you can leave the money untouched for a set period, a FAB Fixed Deposit fixes the rate for the term.
How the 5.6% campaign rate is paid
Until 31 December 2026, new money earns 5.6% a year. New money is the amount by which your total FAB balance rises above what you held the day before the campaign opened, so funds moved in from another FAB account or deposit do not count. The rate applies to the smaller of your new money and your average monthly iSave balance, up to AED 100 million.
You are credited the normal band interest each month. The difference up to 5.6% is paid as one amount within 45 days of the campaign ending, when it comes to more than AED 100. You must still hold an active iSave account when it is paid.
Frequently asked questions
Get answers to common questions about the FAB iSave Account