UAE 
Reach your savings goals faster with the one of the best savings rates in the UAE. Earn 5.25% interest per year on new funds deposited in your iSave Account from 1 May to 31 December 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:
- 5.25% per year on new funds deposited from 01 May to 31 December 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 5.25% per year is valid only on new funds for individual customers from 1 May to 31 December 2023
- Rate of 4% per year is valid on new funds for individual customers from 1 July 2022 until 30 April 2023
- Eligibility is calculated on the average monthly balance
- Overall balance at customer level as on 30 April 2023 is considered as base balance for 5.25% per year interest rate
- Overall balance at customer level as on 30 June 2022 is considered as base balance for 4% per year interest rate
- A differential interest amount over the prevailing interest rate is applied within 30 days from the campaign’s extension end date (31 December 2023) for the campaign extension months (October, November and December)
- Existing funds (Until 30 June 2022) 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 2.465% |
| AED 500,000 to < AED 5,000,000 | 2.465% to 3.251% |
| ≥ AED 5,000,000 | 3.251% and less |
