Benefits of the FAB iSave Account
For individuals, the most notable benefit of the FAB iSave account is gaining interest for regular savings. Both short and long term interest rate plans are offered that offer you comfort and peace of mind. The FAB iSave account is best suited for people who wish to have a simple saving approach. On top of that, access to an FAB iSave account provides online banking services like savings, FAB balance checking, and transactions. Moreover, this account can also be operated through the FAB Mobile banking app that is available on Google or Apple Store. This account allows you to access your funds without any hassle in this country.Features 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 apply |
| 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 |
FAB iSave Account Interest Rate
| Balance Range (AED) | Interest Rate (per year) | Effective Interest Rate Range (per year) |
| Less than 50,000 | 0.25% | 0.25% |
| 50,000 to less than 100,000 | 0.75% | 0.25% to 0.50% |
| 100,000 to less than 500,000 | 2.00% | 0.50% to 1.70% |
| 500,000 to less than 1,000,000 | 2.25% | 1.70% to 1.97% |
| 1,000,000 to less than 5,000,000 | 2.50% | 1.97% to 2.40% |
| 5,000,000 to less than 100,000,000 | 2.25% | 2.40% to 2.26% |
| 100,000,000 to less than 200,000,000 | 1.50% | 2.26% to 1.88% |
| 200,000,000 and above | 0.25% | 1.88% and less |
How to Open FAB iSave Account
The process of opening an FAB iSave Account is reliable and straightforward in the UAE. Moreover, you can do it online via the bank’s website or by visiting one of their nearest branches. For this purpose, you need to provide some required identification, proof of residence, and financial information that are FAB iSave Account requirements. Once your account is set up, you will have access to all benefits like debit cards and online banking.FAB Savings Account Options
| Account Type | Minimum Balance | Interest Rate |
| FAB iSave Account | No minimum balance | Tiered, up to 2.50% per year |
| FAB Personal Savings Account | AED 3,000 | 0.10% per year |
| FAB Etihad Guest Savings Account | AED 3,000 | 0.10% per year + Etihad Miles |
| FAB Child Savings Account | AED 3,000 | 0.10% per year |
Digital Banking with FAB
As the banking sector of the UAE continues to expand, the FAB iSave Account has become a favorite choice among customers. With the FAB mobile banking app, you are able to track and conduct all your recent and pending transactions without any hassle. Moreover, you can also view your account balance and view your recent activity from any smartphone device from anywhere.Why do I Need to Select the FAB iSave Account?
If you choose the FAB iSave Account, it gives you access to the best customer service and a reliable way to manage money. Furthermore, you can quickly track your direct debit payments and withdrawals without any hassle. You're able to access your money anytime, anywhere, so do not waste your time and avail benefit from FAB iSave Account. In addition, this account comes with interest rates which means your money is helpful for you.FAQs
The FAB iSave account is a digital savings account from First Abu Dhabi Bank (FAB) offering competitive interest rates with easy online access.
You can open a FAB iSave account through the FAB mobile app or online banking without needing to visit a branch.
The interest rate varies; check FAB’s official website for the latest rates.
It offers high-interest rates, no minimum balance requirement, and easy online management.
Yes, many users appreciate its convenience and high returns. Check customer reviews on financial forums or FAB’s website.
Interest is calculated daily and credited monthly based on the account balance.
If anyone creates a FAB iSave Account he can explore a range of benefits like competitive Interest on Savings. Furthermore, he can also avail Online and Mobile Banking and benefit of no monthly fees
If you are eyeing to create an FAB iSave Account then you need to explore their official website. Moreover, for this purpose, you have to provide required identification, proof of residence, and financial information.
If anyone wants to create an FAB iSave Account then provide his Emirate ID, UAE mobile number, and FAB Current or saving account.
There is no minimum balance requirement for FAB iSave Account in the UAE. Moreover, users can open and maintain the account without worrying about a specific balance.
Emila Hales
My name is Emila Hales. I've been living in the UAE for the past five years, and I absolutely love traveling. Writing about my travel experiences is something I enjoy, and I'm excited to share my adventures with others who are passionate about exploring new places.
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