- One of the best savings rates in the UAE of up to 1.68% per year
- Easy and instant account opening through Online Banking and the FAB Mobile app**
- Only for individual customers
- No minimum balance requirement or fall-below fees
- No restrictions on the number of withdrawals
- Interest is paid on your monthly average balance and credited monthly to your iSave Account
- Available in AED only
- Interest is earned on the average monthly balance and calculated based on the ‘band’ your account balance is within. This is called an ‘accumulative band method’, where rates as per different bands will apply
- Interest is credited on the last day of the calendar month
- Debit cards are not issued for an iSave account
- Applicable interest rates are at the sole discretion of the Bank and can be changed without notice
- Interest is paid on a monthly basis based on the average monthly balance (calendar month). The Bank reserves the right to change the basis of the calculation of interest at any time and at its sole discretion
- If the account is closed, interest will be paid pro rata using the average monthly balance
Terms and conditions apply.
**Must have an existing current or savings account with FAB.