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Elite Savings Account

Features

  • Multi-currency accounts with no minimum balance requirement
  • Earn competitive interest rates**
  • First international remittance free per month (only FAB charges are waived for remittance made from AED accounts)
  • Tiered interest rate on AED savings account


  • Elite Savings Account
    (Average Balance)
    Basic Savings Rate
    (Per Year)
    Additional Interest
    (Per Year)
    Effective Interest Rate
    (Per Year)
  • < AED 100K

    0.02%
    0.00%
    0.02%
  • AED 100K to < AED 500K
    0.02%
    0.025%
    0.045%
  • >= AED 500K
    0.02%
    0.05%
    0.07%

Eligibility

  • Elite Eligibility is 500,000 AED the Total Relationship Balance (TRB), 2,500,000 AED Mortgage or 50,000 AED Salary Transfer

TRB = Current/savings/call account balance + fixed deposits + investments


Required documents

  • The completed account opening form
  • Copy of a valid passport/resident visa/Emirates ID (originals must also be presented)
  • Proof of income

Note: Additional documents may be required on a case-by-case basis


Debit card benefits

Your Elite Saving Account comes with a free Elite World Mastercard debit card, which provides easy access to your money

  • High daily ATM cash withdrawal (up to AED 25,000) and purchase limits (up to AED 75,000)
  • Free cash withdrawals from any ATM in the UAE
  • Four free cash withdrawals per month from any ATM outside the UAE
  • Access to exclusive benefits and preferential treatment allowing World Mastercard cardholders to move seamlessly across the world to experience the best it has to offer
  • Our FAB debit card now offers peace of mind with your online purchases. Shop with increased confidence, and get insurance coverage of up to USD 1,000 per year if items are not delivered within 30 days, if the wrong items are delivered, or if items are damaged during delivery.* For details click here.

FAB Rewards

Rewarding in every way

With your Elite Saving Account, you will earn FAB Rewards when you spend using your debit card

  • Earn 60 FAB Rewards for every AED 100 you spend domestically and 120 FAB Rewards for every AED 100 you spend internationally. Learn more.
  • Enjoy instant redemption at your fingertips and easily choose from an extensive selection of rewards such as shopping, cashback, paying your utility bills, dining out or booking your next holiday. Learn more.
  • Experience exclusive lifestyle rewards through our World Mastercard debit card. For details please click here.

Debit card daily limits

  • ATM cash withdrawal limit AED 40,000
  • Retail purchase transaction Limit AED 75,000

Fees and charges

Terms and conditions apply.

**Interest rates are subject to change and will be updated from time to time

Savings account interest rates


Open an Elite Savings 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

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Apply Now

Enter your details and we will call you back within
24 hours to proceed with your application.
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We are currently experiencing higher call volumes than usual. We encourage you to use the FAB Mobile application and check our Frequently Asked Questions (FAQs) page.

 

 

Customer Service

600525500

International

+971(2)6811511

Ratibi Service

600522298

International

+971(2)4996279

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