What is the minimum for a FAB Smart Deposit?

AED 30,000, or USD 10,000 or the equivalent in another available currency.

How long does a Smart Deposit run?

You can choose a term of 2, 3, 4, 5, 7 or 10 years.

Can I receive interest every month?

Yes. When you book the deposit you choose interest paid monthly, half-yearly or at maturity. Monthly payment carries a lower rate than payment at maturity. For example, the 5 year term pays 5.57% a year with monthly interest and 6.39% with interest at maturity.

What happens if I withdraw a Smart Deposit early?

You can only withdraw the whole deposit, with the bank's agreement, and a fee of AED 105 applies. In the first 6 months you receive no interest. After 6 months the interest is recalculated at half of the published rate for the period you actually held it, and any interest already paid above that amount is deducted from your principal.

Which currencies can I use?

AED, USD, GBP and EUR. The deposit is opened in the same currency as the FAB account used to fund it.

Can non-residents open a FAB Smart Deposit?

Yes. The Smart Deposit is available to UAE residents and non-residents, salaried or non-salaried.

FAB Smart Deposit

FAB Smart Deposit is a long-term deposit of 2 to 10 years from AED 30,000. You choose interest paid monthly, half-yearly or at maturity when you book.

Open account

An existing account with FAB is required, such as FAB Personal Current Account.

At a glance

Key facts

Minimum DepositAED 30,000

TenuresFlexible

See balance requirements

Account access

An existing account with the bank is required.

See opening steps

The FAB Smart Deposit is the bank's long-term deposit. You place at least AED 30,000 for 2, 3, 4, 5, 7 or 10 years, and the interest rate is set when you book. It suits money you can leave alone for years, where the FAB Fixed Deposit covers terms of 12 months or less.

You decide at the start how you want to be paid: every month, every six months, or in one amount when the deposit matures. The deposit is funded from an existing FAB account and is available in dirhams, US dollars, pounds and euros. Both UAE residents and non-residents can apply.

Who can open it

Existing FAB account

You need an existing FAB account in the deposit currency to fund it.

Who can apply

UAE residents and non-residents, salaried or non-salaried.

Fees and balance

Minimum deposit

AED 30,000

Interest

No partial withdrawal. Early withdrawal within 6 months pays no interest; thereafter the rate is 50% of the booking-date published slab for the actual holding period. Every premature withdrawal costs AED 105; excess interest already paid is recovered.

Available deposit tenures

Tenure	Paid at maturity	Paid half-yearly	Paid monthly
24 months	5.29%	5.09%	5.03%
36 months	5.62%	5.26%	5.2%
48 months	6%	5.45%	5.39%
60 months	6.39%	5.63%	5.57%
84 months	6.85%	5.7%	5.63%
120 months	7.7%	5.81%	5.74%

Tenure	Paid at maturity	Paid half-yearly	Paid monthly
24 months	5.29%	5.09%	5.03%
36 months	5.62%	5.26%	5.2%
48 months	6%	5.45%	5.39%
60 months	6.39%	5.63%	5.57%
84 months	6.85%	5.7%	5.63%
120 months	7.7%	5.81%	5.74%

24 months

Paid at maturity5.29%

Paid half-yearly5.09%

Paid monthly5.03%

36 months

Paid at maturity5.62%

Paid half-yearly5.26%

Paid monthly5.2%

48 months

Paid at maturity6%

Paid half-yearly5.45%

Paid monthly5.39%

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
Tenure: The length of time you agree to leave the deposit in place. You choose it when you open the deposit, and the rate you get depends on the tenure you pick. More on this
Paid at maturity: Maturity is the day the term you chose ends. The interest is paid then, together with the amount you deposited. More on this

What your money earns here

Deposit amount

Tenure

120 months

Rate option

Paid at maturity

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 23,100

interest over 10 years

7.7%

a year

interest earned over time

The rate depends on the term and on the payout you pick. Taking the interest at maturity pays the highest rate, half-yearly payments pay less and monthly payments pay the least.

So the choice is between income along the way and a higher rate at the end. Interest is simple, not compounded during the term. Whatever you choose is fixed at booking for the life of the deposit.

Benefits

Choice of Interest Payout

Interest can be paid monthly, half-yearly or at maturity, as agreed when the deposit is booked.

Four Deposit Currencies

Deposits can be placed in AED, USD, GBP or EUR, from AED 30,000 or USD 10,000.

How to open

Before you apply

1.An existing account with the bank is required.

2.Minimum deposit: AED 30,000.

Documents and terms

FAB Term Deposit Key Facts Statement (August 2025, v2.0)

Opens in a new tab

FAB Service & Price Guide (Personal, conventional)

Opens in a new tab

Good to know

Good option for

Savers with AED 30,000 or more that they will not need for at least 2 years, including those who want a regular monthly or half-yearly interest payment.

Consider another account if

There is a real chance you will need the money within the term. Breaking the deposit in its first 6 months earns nothing. For shorter commitments, compare the FAB Fixed Deposit.

If you break the deposit early

Part withdrawals are not possible. The bank may let you break the whole deposit, for a fee of AED 105. If that happens within 6 months of booking, no interest is paid at all. After 6 months, you earn interest for the time held at half of the rate the bank published on your booking date for that length of time.

If you chose monthly or half-yearly payments, you may already have received more interest than the reduced rate allows. The bank takes that excess back out of your deposit amount before returning it.

Frequently asked questions

Get answers to common questions about the FAB Smart Deposit

Interest

Available deposit tenures

Tenure	Paid at maturity	Paid half-yearly	Paid monthly
24 months	5.29%	5.09%	5.03%
36 months	5.62%	5.26%	5.2%
48 months	6%	5.45%	5.39%
60 months	6.39%	5.63%	5.57%
84 months	6.85%	5.7%	5.63%
120 months	7.7%	5.81%	5.74%

Tenure	Paid at maturity	Paid half-yearly	Paid monthly
24 months	5.29%	5.09%	5.03%
36 months	5.62%	5.26%	5.2%
48 months	6%	5.45%	5.39%
60 months	6.39%	5.63%	5.57%
84 months	6.85%	5.7%	5.63%
120 months	7.7%	5.81%	5.74%

24 months

Paid at maturity5.29%

Paid half-yearly5.09%

Paid monthly5.03%

36 months

Paid at maturity5.62%

Paid half-yearly5.26%

Paid monthly5.2%

48 months

Paid at maturity6%

Paid half-yearly5.45%

Paid monthly5.39%

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
Tenure: The length of time you agree to leave the deposit in place. You choose it when you open the deposit, and the rate you get depends on the tenure you pick. More on this
Paid at maturity: Maturity is the day the term you chose ends. The interest is paid then, together with the amount you deposited. More on this

What your money earns here

Deposit amount

Tenure

120 months

Rate option

Paid at maturity

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 23,100

interest over 10 years

7.7%

a year

interest earned over time

The rate depends on the term and on the payout you pick. Taking the interest at maturity pays the highest rate, half-yearly payments pay less and monthly payments pay the least.

So the choice is between income along the way and a higher rate at the end. Interest is simple, not compounded during the term. Whatever you choose is fixed at booking for the life of the deposit.

Benefits

Choice of Interest Payout

Interest can be paid monthly, half-yearly or at maturity, as agreed when the deposit is booked.

Four Deposit Currencies

Deposits can be placed in AED, USD, GBP or EUR, from AED 30,000 or USD 10,000.

Good to know

Good option for

Savers with AED 30,000 or more that they will not need for at least 2 years, including those who want a regular monthly or half-yearly interest payment.

Consider another account if

There is a real chance you will need the money within the term. Breaking the deposit in its first 6 months earns nothing. For shorter commitments, compare the FAB Fixed Deposit.

If you break the deposit early

If you chose monthly or half-yearly payments, you may already have received more interest than the reduced rate allows. The bank takes that excess back out of your deposit amount before returning it.