Question 1

What is the UAE savings account?

Accepted Answer

It’s a digital savings account provided by the first Abu Dhabi bank with high-interest rates (can be as high as 5.25 percent), there is no limit on the number of withdrawals and no maintenance balance and it can be accessed through mobile banking and online banking as well.

Question 2

How much interest does the FAB iSave Account offer?

Accepted Answer

Get up to 5.25% per annum interest on new funds for once (May 2023-September 2024). The non-promotional balances range between 2.465 percent to 3.251 percent.

Question 3

Can I withdraw money anytime from my FAB iSave Account?

Accepted Answer

Particularly, yes, there are no limitations imposed on withdrawals and you may get access to funds any time of the clock without any penalties.

Question 4

Is there a minimum balance requirement?

Accepted Answer

No, there’s no minimum balance required in the FAB iSave Account and therefore, everyone can have it.

Question 5

How can I open a FAB iSave Account?

Accepted Answer

Instantly open it with FAB Mobile Apps or Online Banking using a valid Emirates ID. Already acquired FAB customers will activate it within minutes.

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