FAB iSave Account: Features, Benefits, 2025 Guide

As digital banking continues to grow in the financial sector, the FAB iSave account stands out as a great product. It is designed for adults. It seeks maximum competition with ease. 

The First Abu Dhabi Bank provides a FAB savings account. The UAE’s first bank is designed to be hassle-free, highly profitable, and a banking convenience to own. 

With competitive interest rates, no minimum balance requirement, and instant online access, the FAB iSave account is a guarantee and a good choice for those looking for a profitable savings account.

Key Features of FAB iSave Account

The FAB iSave Account has features that distinguish it from conventional savings accounts. Here’s a closer look at its major benefits:

1. High-Interest Rates

One of the biggest attractions of the FAB iSave Account is its market-leading interest rates. According to the latest developments, beneficiaries can earn up to 4.75% per annum on funds deposited between May 1, 2023, and April 30, 2025. 

This is a very satisfactory interest rate for a good savings account in the UAE. It is an excellent bank for those who want to grow their savings quickly.

2. No Minimum Balance Requirement

Unlike many traditional savings accounts, the FAB iSave Account requires no minimum balance. This means Individuals who are thinking about maintaining a minimum balance in the UAE ISAVE can start saving with their money without this hassle. There are no penalties or monitoring fees. It is accessible to savers and investment professionals.

 3. Unlimited Withdrawals

Unlike most savings accounts that limit withdrawals or impose penalties for frequent transactions, FAB iSave offers unlimited withdrawals.
This means the user can access their savings information whenever and wherever they want without any restrictions. There are no penalties or additional fees. This is a standard way of saving.

4. Instant Account Opening

FAB ensures a seamless digital banking experience by allowing customers to open an iSave Account instantly. FAB Mobile App provides access to iOS and Android. 

FAB Online Banking can be accessed from any device. With it, users can access their accounts quickly without having to visit a branch.

5. Currency Availability

The FAB Isave account is exclusively available in United Arab Emirates Dirham [UAE]. It caters to local businesses for UAE residents.

Eligibility Criteria for FAB iSave Account

To open an iSave Account, customers must meet the following requirements:

1. The applicant must be a resident of the United Arab Emirates.
2. A valid Emirates ID is required for this.
3. The age limit should not be less than 18 years.
4. User eligibility: Existing and new FAB users are eligible for this.
5. Account type ISAVE is available for individual users. [Corporate or partnership account] cannot be opened.

How to Open a FAB iSave Account

FAB provides two simple and quick methods to open an iSave Account:

1. Using the FAB Mobile App

To log in through the FAB Mobile App, follow these steps: 

1. Download the mobile app for FAP information from the App Store or Google Search.
2. Login FAB is for existing users, new users will register for it. You open a new account. And select the ISAVE account.
3. Know about yourself and provide personal financial information.
4. Then upload the information to your Emirates ID.
5. Soon you can open and use your account.

2. Through FAB Online Banking

Steps:

1. Log in to FAB Online Banking (www.bankfab.com) or the FAB Mobile App.
2. Go to the “Cards” or “Manage Cards” section.
3. Verify your identity (you may receive an OTP on your registered mobile).
4. Confirm the linking process.
5. Once linked, you can view and manage the card under your account.

Interest Rates and Calculation

Understanding the FAB iSave Account interest structure can help you maximize your savings.

Promotional Rates (2023-2025)

Customers deposit new funds between May 1, 2023, and April 30, 2025, and earn 4.75% per annum.

The promotional rate encourages larger deposits and helps customers grow their savings.

Base Interest Rates (Non-Promotional Funds)

If funds do not qualify as new, the following tiered interest rates apply:

Account Balance (AED)	Interest Rate (per annum)
Below 500,000 AED	Up to 2.465%
500,000 – 5,000,000 AED	2.465% – 3.251%
Above 5,000,000 AED	Up to 3.251%

Note: Interest rates are subject to change based on FAB policies and prevailing market conditions.

Interest Calculation Method

1. Profit is calculated based on the closing balance of each day.
2. The accumulated profit is deposited into the account at each month’s end.
3. This method promotes maximum income to customers who maintain consistent savings.

Advantages of Choosing the FAB iSave Account

1. First Abu Dhabi Bank [FAB] is one of the leading banks in the UAE.
2. No fees are charged for any balance requirement or maintenance.
3. Quick setup is available via the FAB mobile app or online banking.
4. First Abu Dhabi Bank [FAB] is one of the leading banks in the UAE with a strong track record of success.

FAQs About FAB iSave Account

Conclusion

The FAB iSave Account offers a smart and convenient way to grow your savings with competitive interest rates, balance requirements, and easy digital access. Whether you are a UAE resident or non-resident, opening an iSave Account is a seamless process that can be completed online with minimal documentation. 

We have put all the information about the FAB Isave Account in this guide. If you have any questions about the FAB Isave Account, comment on us. Visit our website for more information and guidance.