UAE 
Reach your savings goals faster with the one of the best savings rates in the UAE. Earn 5% interest per year on new funds deposited in your iSave Account between 1 February and 30 April 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:
- 5% per year on new funds deposited from 1 February and 30 April 2023
- Instant account opening through the FAB Mobile app or Online Banking
- Available in AED
- No minimum balance requirement
- No restrictions on the number of withdrawals
Conditions:
- The campaign rate of 5% per year is valid for individual customers with new funds only
- Eligibility is calculated on the average monthly balance. The balance on 30 June 2022 is considered the base balance. Customer has to maintain the base balance to be eligible for the campaign rate
- Any increment over the base balance at the customer level will be considered new funds
- A differential interest amount of 5% per year over the prevailing interest rate is applied within 30 days from the campaign’s end date (30 April 2023) for the campaign months
- Existing funds are subject to the prevailing interest rate (mentioned below), which is applied monthly
| 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 |
