Open an iSave Account and enjoy one of the best savings rates in the UAE.
Reach your savings goals faster with the one of the best savings rates in the UAE. Earn 5.25% interest per year on new funds deposited in your iSave Account from 1 May to 30 September 2023.
If you already have an account with FAB, you can open an iSave Account instantly through the FAB Mobile app or Online Banking.
Features
iSave is an online account with the following features:
Conditions
The campaign rate of 5.25% per year is valid only on new funds for individual customers from 1 May to 30 September 2023- Rate of 4% per year is valid on new funds for individual customers from 1 July 2022 until 30 April 2023
- Eligibility is calculated on the average monthly balance
- Overall balance at customer level as on 30 April 2023 is considered as base balance for 5.25% per year interest rate
- Overall balance at customer level as on 30 June 2022 is considered as base balance for 4% per year interest rate
- A differential interest amount over the prevailing interest rate is applied within 30 days from the campaign’s end date (30 September 2023) for the campaign months
- Existing funds (Until 30 June 2022) are subject to the prevailing interest rate (mentioned below), which is applied monthly
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| Band Balance | Interest rate range (per year) |
|---|---|
| < AED 500,000 |
Up to 2.1750% |
| AED 500,000 to < AED 5,000,000 |
2.1750% to 2.7505% |
| ≥ AED 5,000,000 | 2.7505% and less |
Open an iSave Account instantly on the FAB Mobile app
FAB Mobile puts the power of the bank in your hands
- Get your FAB account and credit cards instantly. Zero paperwork
- Open an account and get a credit card, with just your Emirates ID
- Use your FAB Rewards to pay your bills anytime, anywhere
- Check your balance, send money and earn rewards in a few taps