FAB iSave Account | Opening Guide, Eligibility Criteria & Benefits | 2025
Are you looking for the best bank to open a savings account with a high interest rate? Don’t worry, First Abu Dhabi Bank got your back with its FAB iSave Account. The iSave account offers high returns and unlimited withdrawals. The FAB iSave account has no minimum balance maintenance requirements. If you want to save money for your future fees or purchase something big, such as a house or your dream car, the FAB bank helps you achieve your goals with its high-interest policy.
In this article, we will provide a detailed guide on how to open an iSave account, as well as its benefits and eligibility criteria. When it comes to saving money, it’s better to be safe than sorry!
Features of FAB iSave Account
High-Interest Rates
The iSave account of FAB offers a high interest rate of as much as 5.25% per annum. The interest rate depends on your account’s current balance, but you can get more interest in promotional periods. The standard interest rates are given below:
- Up to AED 500,000 → Earn 2.465% per annum.
- Between AED 500,001 – AED 4,999,999 → Earn up to 3.251% per annum.
- Above AED 5,000,000 → Capped at 3.251% per annum.
Read also: FAB Bank Salary Account Balance
No Minimum Balance Requirement
Many banks have policies to maintain balance in accounts to avoid penalties. Still, the FAB allows you to open an account with zero balance. You don’t have to worry about maintaining a minimum balance to avoid penalties or service charges.
Unlimited Withdrawals
FAB Bank offers unlimited monthly withdrawals on its savings account. However, some banks only allow a few monthly withdrawals to maintain interest rates.
Instant Account Opening
The FAB savings account process is very easy and quick. You can instantly create a savings account using the FAB mobile application or the official website. Follow these simple steps to create an account
- Download the FAB Mobile App.
- Register with your Emirates ID & mobile number.
- Provide basic details & apply.
- Your account is activated instantly!
Digital Account Management
You can access your savings account using the FAB mobile application or the official website to check your account balance, transfer money, pay bills, and manage your transactions.
Secure and Convenient Transactions
FAB Bank uses advanced security features, including two-factor authentication, secure encryption, and instant alerts, to protect your funds and personal information.
Check also: FAB Prepaid Card
FAB iSave Account Eligibility Criteria
FAB Bank has some requirements to open a new account; for the opening of a savings account, you must meet the following criteria:
- You must have a valid Emirate ID or residency permit.
- Applicants must be 18 years or older.
- You need some legal documentation according to your account type.
How to Open a FAB iSave Account
The opening process of the FAB iSave account is a piece of cake! There are multiple methods to open a savings account, but we will provide you with some easy and quick methods.
FAB Mobile App Method
You can use the mobile application of First Abu Dhabi Bank by following simple and quick steps.
- Download and install the FAB mobile app.
- Open the app and click on the register button.
- Select the type of the account and add your information.
- Upload all the required information.
- After providing and uploading all the information, wait for the reply from the bank.
FAB Online Banking Method
- Open the mobile browser on your mobile or laptop.
- Search for the FAB and visit the official website of the bank.
- Look for the register now button and click on it.
- Select the type of the account and enter your information.
- Confirm your identity by uploading your document.
- Wait for the account approval email from the bank.
FAB Branch Method
- Find your nearest FAB Bank branch through google maps.
- Visit the branch and look for the helping desk.
- Fill the application form for the savings account.
- Attach all the required documents with the application.
- Wait for the account approval process.
FAQs-Frequently Asked Question
Conclusion
The FAB Bank offers savings accounts with high interest rates. The bank has no minimum balance requirement or hidden charges. You can open your iSave account through online banking and mobile application; you can also visit your nearest FAB Bank branch. With such convenience and benefits, it’s truly a case of having your cake and eating it too!