The FAB iSave Account is a digital savings account offered by First Abu Dhabi Bank, which includes no minimum balance requirement, allows unlimited withdrawals, and an all-digital opening process via the FAB Mobile and/or FAB Online Banking platforms. New money deposited into the account with an effective maturity rate of up to 4.00% annually from 2026 until it is redeemed. In addition, the funds in the account will be subject to regular FAB interest rate tiers. Here’s a breakdown of the current rates, eligibility requirements, necessary documents, and the steps to open an iSave Account without visiting a branch.
Quick Overview
| Feature | Detail |
|---|---|
| Account Type | Digital savings account (individuals only) |
| Currency | AED (UAE Dirham) only |
| Promotional Rate | Up to 4.00% p.a. on new funds (valid until 30 June 2026) |
| Standard Tiered Rate | Up to 2.465% (below AED 500,000) to 3.251% (above AED 5 million) |
| Minimum Balance | None |
| Monthly Fee | None |
| Withdrawal Limit | Unlimited, no restrictions |
| Opening Channel | FAB Mobile App or FAB Online Banking |
| Eligibility | UAE resident, age 18+, valid Emirates ID |
| Interest Calculation | Based on the average monthly balance |
What is the FAB iSave Account?
The FAB iSave Account is a totally digital savings account from the UAE’s largest bank by assets—First Abu Dhabi Bank. It isn’t a current account with a chequebook; they are not intended for everyday use. Rather, it is intended to be a way to accumulate passive AED savings and allow easy access to the cash when necessary. The account holders can open, fund, and operate the account 100% from the FAB Mobile App or the FAB Online Banking, without entering the branch.
It is right for UAE expats looking to achieve a no-fee savings option to seize incomes, salaried professionals who want to park their surplus income, or existing FAB customers who can activate it from within the app they are already using. It also makes it very convenient for initial UAE savings account holders as it’s not a typical savings account with a minimum balance requirement, nor does it impose any penalties for having no money in the account.
FAB iSave Account Interest Rate 2026
Promotional Rate on New Funds
Currently, up to 4.00% per year is paid on new money that is placed in First Abu Dhabi Bank’s iSave Account in 2026. “New funds” shall mean any amount that exceeds the customer’s base balance as of 30 April 2023, which is typically almost the whole amount deposited if the customer is a brand new FAB customer. This rate is based on the average monthly balance and will be available until 30 June 2026, at which point the monthly balance will return to FAB’s standard rate tiered system.
Standard Tiered Interest Rates
After this promotion concludes (or until a balance is no longer considered new funds), FAB charges interest on the account that is based on the average monthly account balance on a tiered structure:
| Balance Band (AED) | Interest Rate (per year) |
|---|---|
| Below 500,000 | Up to 2.465% |
| 500,000 – 5,000,000 | 2.465% to 3.251% |
| Above 5,000,000 | 3.251% or lower |
The most that FAB iSave account holders can earn on their newly saved money is the top of the standard tiered interest, which simplifies to up to 4.00 per cent per year until 30 June 2026, after which the account switches to the standard tiered interest rate of up to 3.251 per cent, depending on how much the bbalance is Interest will be paid daily on the average monthly balance, and the interest will be credited from time to time; that is, the more one balances regularly, the more they will earn interest over time.
Key Features and Benefits
In addition to the interest rate, FAB’s iSave Account allows for flexibility and little friction.
- No minimum balance
- Unlimited withdrawals
- Fully Digital Opening
These all make FAB iSave a flexible way to save for emergencies, some short-term financial purchase, or building up your income, without putting money into a fixed deposit.
Eligibility Criteria and Documents Required
The FAB iSave Account eligibility is as simple as you might think, and there is no need for a payslip or salary certificate. The applicants must be Emirati citizens with a UAE Residence visa and should be 18 years or older, as individual customers, not business entities.
UTMAs are required for onboarding – an active mobile number for the UAE is needed for OTP Verification. It’s not necessary to have an existing FAB account, but it will help the iSave Account to be activated instantly via the application without going through the KYC process again.
Non-residents and those with special tourist or visit visas will not be able to open a FAB iSave Account, and are not welcome to use it unless they also have an Emirates ID. In digital onboarding, most of the details about family and visa will be automatically retrieved from the Emirates ID, so there is little need for document uploads.
How to Open a FAB iSave Account Online
Step-by-Step via FAB Mobile App
Step 1. Download the FAB Mobile App from the App Store or Google Play.
Step 2. Tap “Apply for a new product” and select the iSave Account.
Step 3. Scan the front and back of a valid Emirates ID.
Step 4. Complete a quick live selfie for identity verification.
Step 5. Confirm personal details, which are auto-filled from the Emirates ID.
Step 6. Accept the terms and enter the OTP sent to the registered mobile number.
Step 7. The account activates instantly, with the IBAN and account details sent by SMS and email.
FAB iSave vs FAB Elite Savings vs Fixed Deposit
| Feature | iSave Account | Elite Savings | Fixed Deposit |
|---|---|---|---|
| Minimum balance | None | Often required | Fixed lump sum |
| Access to funds | Anytime, unlimited | Anytime, unlimited | Locked until maturity |
| Interest rate | Up to 4.00% (campaign) | Tiered, relationship-based | Fixed for term, often higher |
| Best for | Flexible everyday savings | Higher-balance customers | Lump sums not needed short-term |
Fab iSave offers UAE residents a balance between a savings account and a fixed deposit, with a higher interest rate than a current account, in addition to being accessible at all times, unlike a fixed deposit, which restricts access until the end of the term.
Feeses
There is no monthly charge or minimum balance fee on the FAB iSave Account itself, and only some of the “linked” services come with a FAB charge:
- Free Account opening: FAB Mobile / FAB Online banking access, transit to AED, issuance of IBAN, e-statements.
- Deliverables include: wire transfers to grow beyond the domestic market, currency conversion for accounts linked from other countries, and requests for hard copy statements.
What Happens After the Campaign Ends (30 June 2026)
All new deposits after 30 June 2026 will be ineligible for all 4% promotional offers. AED 500,000 or less, Balances automatically follow FAB’s tiered interest structure of up to 2.465% per annum; above AED 5 million, the interest rates are 3.251% per annum or lower, based on a tiered system. The account continues to be used with no minimum balance or monthly fee; thus, no action is required by account holders at the end of the campaign window.
Conclusion
For the UAE residents, the FAB iSave Account continues to be one of the lowest fee high yield savings options in 2026, featuring a competitive promotional interest rate, no fe,e,s and a fully digital platform. A FAB ATM Locations guide, FAB Head Office Contact Details, and FAB Balance Check methods cover the balance of the day-to-day banking, while the FAB SWIFT Code and IBAN guide explain how this FAB IBAN will be used for transfers.
Must Read:
FAB Prepaid Card Types, Fees, Eligibility And How to Apply in the UAE 2026
FAB Balance Check with App, ATM, SMS And Salary Card Methods 2026
FAB Head Office Business Park Address, Timings & Visitor Guide (2026)
Frequently Asked Questions
Is the FAB iSave Account a true zero-balance account?
Yes, there is no minimum balance; there is no monthly payment, and nothing will be charged for maintaining an AED 0 balance.
How is the 4.00% interest rate actually paid?
The interest is earned on the monthly balance (average of monthly total for the account), will be credited at regular intervals, and will be computed in accordance with the periodic interest credit schedule published by FAB for the promotional period.
Can tourists or non-residents open a FAB iSave Account?
No, UAE residents with an Emirates ID and a UAE residence visa are only eligible.
What currency does the FAB iSave Account use?
Only the AED currency applies to the account, multi-currency savings account calls for a different FAB product.
Are there any withdrawal limits on FAB iSave?
No, there are no restrictions on the maximum number of withdrawals, and interest is calculated on the remaining amount.
Can businesses or companies open an iSave Account?
No, not corporate or SME entities – it’s just individual customers.
What happens to my rate after 30 June 2026?
You can see that the balance automatically switches to FAB’s tiered rate, which is capped at 3.251%, depending on the account balance size.
Do I get a debit card with the FAB iSave Account?
iSave an EPAIDID savings account; unless a debit card service is linked to a FAB current/payroll account.
How long does it take to open the account online?
Generally, takes less than 5 minutes to fill out the application with the FAB Mobile App and a valid Emirates ID.
Do I need an existing FAB account to open iSave?
NO – currentlyy there is a possibility to enter into a FAB relationship; if this is the case, the process will be accelerated due to bypassing fresh KYC processes.
