FAB iSave Account Smart Savings Guide UAE 2025

Introduction

Financial stability is pegged on savings. Be it an emergency savings account of a resident of the UAE, expat remittances, or a student just beginning his or her financial career, the correct savings account will keep the difference.

Banks in the UAE can provide an extensive variety of saving products, however, the FAB iSave Account offered by the First Abu Dhabi Bank (FAB) always attracts attention. The UAE largest bank FAB has developed this product to attract the interest of modern and digital-first customers who expect to receive high interest rates, no additional charges, and complete flexibility.

What is FAB iSave Account

The FAB iSave Account is a digital savings account, which is a combination of the growth potential of competitive interest rates and the ease of immediate withdrawals. iSave also gives customers the option to access their money any time without penalty unlike in a fixed deposit where funds can be locked.

It has grown to be popular due to the fact that it eliminates the traditional banking constraints:

None of the minimum balance required.
No monthly maintenance fees
Complete online boarding with FAB Mobile App or Online Banking.
Competitive interest rates instead of regular savings accounts.

This has made FAB iSave a good choice among:

Expatriates in the UAE who would wish to save whilst maintaining funds in liquid form.
The UAE Nationals who intend to save long-term unlimitedly.
Young professionals and students seeking the entry-level savings program with no minimum deposit.

Overview

Feature	Details
Interest Rate	Up to 2.50% p.a. (tiered structure)
Minimum Balance	None required
Monthly Fees	None
Access	24/7 via FAB Mobile App & online banking
Withdrawals	Unlimited, no penalties
Currency	AED only
Eligibility	UAE Nationals, Residents, and Non-Residents (under conditions)

1. High Interest Rates

FAB iSave has one of the most favorable savings account rates in the UAE with the ability to grow the balance without tying up funds.

2. None of them has a minimum balance requirement.

Whereas the conventional UAE bank accounts have a minimum balance of AED 3,0005, 000, iSave does not have this limitation at all.

3. Zero Monthly Fees

It does not have any hidden fees, no account maintenance fees and no minimum balance fees.

4. Fully Digital Banking

Open and conduct the account immediately through the FAB Mobile App or FAB Online Banking – no visits to the branch.

5. Liquidity and Flexibility

Take out or interbank money any time without charge. Perfect for emergency funds.

6. Security

With the support of First Abu Dhabi Bank, the biggest bank in the UAE, which has safe digital verification, OTPs, and biometric log-in possibilities.

Eligibility Criteria

FAB iSave can be offered to a numerous group of customers:

UAE Nationals- Qualified with Emirates ID

UAE Residents (Expats) – Valid Emirates ID, passport and residence visa.
Non-Residents- Passport and address evidence (additional scrutinies can be done).
Age Condition Minimum 18 years. Underage persons can apply through guardian/parent accounts.

Documents Required

In case of UAE Nationals -Emirates ID.
In the case of Expats- Emirates ID, Passport, Residence Visa.
Non-residents Passport + Proof of Address.
iSave is a digital-first product and most of the documentation is checked online without visiting a branch
Opening an Account at FAB iSave

Opening an iSave account only requires a few minutes.

Through FAB Mobile App

Install FAB Mobile App (iOS/Android)
Sign in/register using your FAB account.
Select “Open a New Account.”
Choose an iSave Account.
Full information and identity check.
Activation of account done in real time.

Through FAB Online Banking

Log in to FAB Online Banking.
Click on Accounts Open New Account.
Select iSave Account.
Check and begin to save at once.

FAB iSave Interest Rates (Updated)

Balance Maintained	Interest Rate (per annum)
Up to AED 500,000	2.50%
AED 500,001 – AED 5,000,000	1.75%
AED 5,000,001 – AED 25,000,000	1.25%
AED 25,000,001 – AED 200,000,000	0.75%

✅ Note: Interest is credited monthly. Rates may change based on promotions. Always check FAB’s website for the latest.

Example Interest Calculation

Deposit: AED 100,000
Annual Rate: 2.50%
Yearly Earnings: AED 2,500
Monthly Credit: AED 208

If you deposit AED 5,000 every month, your savings will compound, significantly increasing your returns compared to a non-interest account.

FAB iSave vs Other Savings Accounts in UAE

Feature	FAB iSave	ADCB Active Saver	Emirates NBD Smart Saver	Mashreq Neo NXT Saver
Interest Rate	Up to 2.5%	Up to 1.75%	Up to 2.0%	Up to 2.0%
Minimum Balance	None	AED 5,000	AED 3,000	None
Fees	None	AED 25 (if below min.)	AED 25 (if below min.)	None
Access	Fully digital	Digital + branch	Digital + branch	Digital app
Withdrawals	Unlimited	Limited per month	Limited	Unlimited

👉 Verdict: FAB iSave wins for highest interest, zero fees, and complete flexibility.

Advantages and disadvantages of FAB iSave Account

✅ Pros

Interest rates are high relative to regular savings.
Free of charge and no minimum deposit.
The opening of the accounts entirely online within minutes.
Anytime unlimited withdrawals.
Backed by UAE’s largest bank.

⚠️ Cons

The rate of interest is dynamic (can vary).
No USD/EUR options, AED.
Not being sold as Shariah-compliant.
No hard copy passbook (electronic only).
Best Use Cases for FAB iSave
Students/Yellow Bellys- 100s or entry level wages.
Expats – Do not transfer remittances.
Families Build an emergency fund (3-6 months of expenses).
Short-Term Goals Travel, car, education, or wedding savings.
Digital-Only Customers- These are customers who are comfortable with app banking as opposed to going to the branch.

Advice on the most savings with FAB iSave.

Motivate Transfers: Have monthly transfers out of a salary account.
Balance: The greater the balance, the greater the earnings.
Track Promotional Rates: FAB has frequent bonuses rate deals.
Use as an Emergency Fund: Have cash savings available.
Liquidity + Higher Returns: iSave Fixed Deposits.

FAQs

1. Does FAB iSave Account comply with Shariah?

No, the iSave is not Shariah-compliant. FAB has individual Islamic banking products.

2. Is it possible to open FAB iSave by non-residents?

Yes, but some other documents are needed like evidence of address.

3. In what frequency is interest accrued?

Right into your iSave account every month.

4. Is it possible to open more than one iSave account?

Yes, it is possible to open over one with various goals of saving.

5. What currency is supported?

AED only. In USD/EUR, other FAB savings products are required.

6. Is salary transfer required?

No, you can bank whatever you want in the iSave account with all the UAE or foreign banks.

Conclusion

FAB iSave Account is among the most suitable savings accounts in the UAE in 2025. It is a combination of high-interest rates, no fees, no minimum deposit, and complete digital flexibility, which is suitable among UAE residents, expats, students, and even families.

In contrast to fixed deposits, iSave offers you immediate access to funds, and at the same time, your rate will increase with very competitive rates. Automating the transfers and maintaining the same deposits and keeping track of the promotional activities of FAB will help you to maximize your income and become financially stable.