What Is a FAB iSave Account?
The FAB iSave Account is an online savings account offered through First Abu Dhabi Bank (FAB), one of the world’s biggest institutions for financial services. It is designed to encourage efficient savings and minimal stress. It caters to the needs of those who are looking for the convenience of online banking over traditional ways. In the age of digital banking, GG FAB recognized the requirement for a flexible, secure, and high-interest savings option that was easily accessible and maintained through mobile devices and websites.
This iSave Account is specifically designed for those looking to increase the interest rate on savings and not be concerned about complicated procedures or hidden fees. The account lets users transfer money whenever they want, check balances, and earn competitive interest via their phone or laptop.
No matter if you’re a UAE resident or an expat who lives in the Emirates, FAB’s ISave Account is among the most convenient and profitable options for savings available.
How Does the FAB iSave Account Work?
The FAB iSave Account operates entirely online, providing accessibility 24/7 via the FAB Mobile App or the web-based banking portal. The digital-first approach removes the requirement to visit branch locations, sign forms, or even meet with bank representatives.
After opening an account and the funds are deposited, customers can pay into it via any FAB existing or savings account. Interest is calculated by the monthly average balance and then credited each month to the account. There are no minimum balance requirements; clients have full freedom to withdraw or transfer money whenever they need to.
Benefits of the FAB iSave Account
| Feature | Details |
| Minimum Balance Requirement | No minimum balance is required for account maintenance |
| Monthly Fees | No monthly fees or hidden charges |
| Interest Rate | Tiered rates based on account balance amount |
| Withdrawal Limit | Unlimited withdrawals without any penalties |
| Account Opening | Fully digital via the FAB Mobile App or website |
| Salary Transfer Requirement | No salary transfer is required for account opening |
| Banking Access | 24/7 mobile and online banking for easy access |
| Currency | Only available in UAE dirham (AED) transactions |
| Customer Support | 24/7 customer service through the FAB call center |
| Transaction Fees | No fees for online transfers within FAB accounts |
The FAB iSave Account is an ideal solution for tech-savvy users who prefer smart banking, want to save efficiently, and demand instant access to their finances.
How to Open a FAB iSave Account Online in the UAE
Opening a FAB iSave Account is a straightforward process that can be completed entirely through digital channels. Whether you are a UAE national or an expat, FAB makes it easy to start saving.
Eligibility Criteria
To be eligible to open a FAB iSave Account, you must:
- Be a UAE resident (national or expatriate).
- Hold a valid Emirates ID.
- Have an existing FAB current or savings account.
- Be registered on FAB Mobile or Online Banking.
If you meet these requirements, you’re ready to get started.
Step-by-Step Guide to Opening the Account
Step 1: Download the FAB Mobile App.
The FAB Mobile App is available at no cost on the App Store on Apple as well as the Google Play Store. Download it and install it on your phone.
Step 2: Log In or Register
Log in to the system using your existing FAB login details. If you’re a new FAB customer, you’ll be required to go through the digital registration procedure.
Step 3: Select the iSave Account Option
On the main menu, go to the “Open New Account” option and choose iSave Account” from the “iSave Account” option. Accept the conditions and terms to continue.
Step 4: Verify Your Identity
Make use of the Emirates ID to finish the identity verification. This may involve biometric verification as well as OTP confirmation.
Step 5: Transfer Funds and Start Saving
When your account is activated, Transfer funds to your FAB current account or savings account to earn dividends. It is possible to monitor the balance of your account, its transactions, as well as interest earned via the application.
The whole process typically lasts less than 10 minutes and is one of the most effective account opening processes across the UAE.
Must Read: FAB ATM Balance Check Made Easy
FAB iSave Account Interest Rates in 2025
The interest rate is a key factor when selecting the best savings account. FAB provides attractive rates for iSave users, particularly in comparison to conventional savings accounts that are available in the area.
2025 Interest Rate Overview
From 2025 onwards, FAB is offering a promotional interest rate that ranges from 3.50% to 4.50% per year for new deposits made between May 1, 2023, and June 30, 2025. The rate is only applicable to AED funds and is offered to individual retail customers.
How Interest Is Calculated
- Interest calculation is monthly and based on the amount of balance.
- Interest is added monthly to your iSave Account.
- To be eligible for the maximum 4.5%, the deposits have to be brand new (not taken from another FAB fund).
- The withdrawals that are excessive can lower the actual interest paid.
Example Interest Earnings
If you decide to deposit AED 100,000 and keep the account for 12 months with no withdrawals:
- Annual interest = AED 100,000 * 4.50 percent = AED 4,500
- Monthly rate of interest = AED 375 (credited each month)
The FAB iSave Account is among the most lucrative digital savings accounts within the UAE.
Factors That Influence Interest Rate
- The type of deposit (new or current funds)
- Balance for the month of average
- The duration of the fund is determined by how long it will be
- Promotional times
FAB might alter its rates of interest based on developments in the market; therefore, it’s recommended that you check the official FAB site or call Customer Support for the most current details.
📊 FAB iSave Account Detailed Interest Rate Table (2025)
| Balance Range (AED) | Base Interest Rate (p.a.) | Effective Rate Range (p.a.) | Ideal For | |
| Less than 50,000 | 0.25% | 0.25% | Students, part-time workers, and low-income earners | |
| 50,000 to less than 100,000 | 0.75% | 0.25% to 0.50% | Entry-level professionals, early savers | |
| 100,000 to less than 500,000 | 2.00% | 0.50% to 1.70% | Mid-income earners, family savings planners | |
| 500,000 to less than 1,000,000 | 2.25% | 1.70% to 1.97% | High-salary professionals, business owners | |
| 1,000,000 to less than 5,000,000 | 2.50% | 1.97% to 2.40% | Investors, long-term savers | |
| 5,000,000 to less than 100,000,000 | 2.25% | 2.40% to 2.26% | High-net-worth individuals | |
| 100,000,000 to less than 200,000,000 | 1.50% | 2.26% to 1.88% | Corporate clients, ultra-wealthy investors | |
| 200,000,000 and above | 0.25% | 1.88% and below | Institutions, asset management firms |
✅ Notes:
- Interest is calculated daily and paid monthly.
- No salary transfer is required to earn interest.
- Unlimited withdrawals do not affect interest earnings.
- Currency is AED only, so foreign currency balances are not applicable.
- Rates are subject to change by FAB, depending on market conditions.
Is the FAB iSave Account Safe and Shariah-Compliant?
Is the Account Safe?
FAB is among the safest and most trusted banks in the Middle East. Its iSave Account is backed by FAB’s sophisticated digital security technology and comprises
- Log in with biometrics (fingerprint/face ID)
- Two-factor authentication based on OTP
- All transactions are encrypted from end to end
- Periodic system audits and regular fraud control
Furthermore, FAB is regulated by the Central Bank of the UAE to ensure that the UAE adheres to its stringent financial laws as well as guidelines for protecting consumers.
Is the iSave Account Shariah-Compliant?
The standard FAB iSave account does not comply with Shariah. It’s built on earning Fixed Interest (Riba) that is forbidden according to Islamic rules of finance.
But, FAB does offer Islamic products in a different segment referred to as “FAB Islamic.” If you’re specifically searching for an account for savings that is in line with Islamic concepts, look into:
- FAB Islamic Savings Account
- FAB Islamic Investment Solutions
They are endorsed by a Shariah supervision board. They give returns that are based on profit-sharing models rather than fixed rates of interest.
Choosing the Right Option
- Choose the iSave Account if your priority is high returns and digital access.
- Choose FAB Islamic products if religious compliance is your priority.
Final Verdict: Should You Open a FAB iSave Account in 2025?
The FAB ISave Account is an ideal choice for those living in the UAE looking to increase their savings and save with minimal effort. Its online nature, high interest rates, and accessibility make it ideal for new professionals, technologically adept users, and expats who like internet-based banking.
Summary of Key Advantages
- No fees, and there is no minimum amount to balance
- Promotive interest that can be as high as 4.50 percent per year
- Account opening is quick and paper-free.
- Transfers and withdrawals with flexibility
- It is backed by the world’s biggest bank
Who Should Consider It?
- Salaried employees save monthly.
- Foreigners looking for a safe savings solution
- Teenagers and college students are studying to manage money
- Families who want to increase their emergency savings
When you make a choice that you want to buy a home, review the most current guidelines and terms, go to FAB’s official site, or talk to an expert from the bank.
With the rising prices for living and inflation, the FAB iSave Account provides a smart, safe, and high-yield savings option for anyone living in the UAE.
Last modified: May 29, 2025
