In today’s world, managing your savings has never been simpler. Digital banking is becoming more popular in the UAE. Residents and expats can now save money, keep track of it, and even grow it. First Abu Dhabi Bank‘s (FAB) FAB iSave account is one of the most common options. The FAB iSave Account offers flexibility, attractive rates of interest, and 24-hour access through the FAB Mobile App.
This comprehensive guide will provide you with all the information that you require about FAB iSave, its features, benefits, eligibility, and interest rates. We’ll also show how to manage and open the account by 2025.
What is a FAB iSave account?
FAB’s iSave account is an online savings account that makes saving more convenient and profitable. Unlike other savings accounts, iSave lets you manage your money online and without a required minimum balance. Whether you’re a UAE citizen, expatriate, or a new saver, iSave offers the following:
- Calculate your daily interest rate with the monthly credit on your account
- Maintenance fees are not required.
- Access to all online banking services via the FAB Mobile App and Internet Banking
- Withdrawals and deposits are flexible.
The account is perfect for anyone who wants security, flexibility, and a higher return without having to deal with the traditional banking hassles.
Related Blog: FAB Balance Check
Key Features of FAB iSave Account
| Feature | Details |
| Account Type | Online Savings Account |
| Interest Rate | Up to 1.5% p.a. (tiered based on balance) |
| Minimum Balance | None |
| Maintenance Fees | None |
| Opening Balance | AED 0 |
| Interest Calculation | Daily |
| Interest Payment | Monthly |
| Accessibility | 24/7 via FAB Mobile App or Online Banking |
| Free Transfers | Between FAB accounts |
| Automatic Savings Plan | Available |
| SMS Alerts | Free |
| Customer Support | 24/7 via phone, email, and chat |
| Security Features | OTP, Biometric Authentication |
FAB iSave account benefits
- There is no minimum balance requirement
FAB iSave allows you to start saving any amount. Even AED 0. It is ideal for those just starting or who wish to gradually save.
- No Maintenance Fees
FAB iSave has no hidden fees. You can grow your money without any monthly or annual charges.
- Tiered Interest Rates
With tiered rates of interest, your savings will grow more quickly. Saving more will increase your return.
This is a simplified version:
| Account Balance (AED) | Interest Rate (p.a.) |
| Up to 10,000 | 0.50% |
| 10,001 – 25,000 | 0.75% |
| 25,001 – 50,000 | 1.00% |
| 50,001 – 75,000 | 1.10% |
| 75,001 – 100,000 | 1.25% |
| 100,001 – 250,000 | 1.35% |
| 250,001 – 500,000 | 1.40% |
| 500,001 – 1,000,000 | 1.45% |
| Above 1,000,000 | 1.50% |
- The Complete Digital Control
Manage your iSave Account online with the FAB Mobile App or Internet Banking. You can check balances, make transfers, and track your interest rate growth at any time.
- Robust security features
FAB protects your money with OTP authentication, biometric login, and data encryption.
- Automatic Savings Plan
You can set your goals for saving by setting up an automatic transfer from your current or salary account. You can save money without thinking.
- Get Alerts about Free Transfers
Receive alerts via SMS or App for each transaction and transfer funds without any fees.
You must be Eligible to open a FAB iSave account
You must first:
- You must be an individual (not a company or organisation)
- Residents of the UAE
- Valid Emirates ID
- You must be at least 18 years old.
This ensures compliance with UAE Banking Regulations and makes the account available to the correct audience.
Documents Required
Be sure to have the following:
- Emirates ID front and back
- Proof of residency (utility bills, lease contracts, bank statements)
- Passport for expats
These documents will help you to complete the application online quickly and without hassle.
How to open a FAB iSave account Step-by-Step Guide
The first step is to download the FAB App or visit the FAB website
Download the FAB Mobile App on Google Play or Apple Store, or visit: http://www.bankfab.com.
Registering or Logging in
- Registration is free for new users. Simply enter your email address, name, and mobile number. Please log in with your existing credentials.
Choose the iSave account
Click Apply Now under “Open a new account” and select iSave.
Enter Personal Details
Please provide accurate information that matches your Emirates ID card or passport.
- Full Name
- Date of birth
- Nationality
- Contact Number
- Email Address
Upload the required documents
Scan your Emirates ID card, passport, and proof of residency.
Review the Terms and Conditions
Please read the terms of your account carefully. Pay attention to interest rates, fees, and limits. Accept the terms and proceed.
Submit your application
Please click Submit. Within a few minutes, you will be notified via email or SMS.
Account activation
You can manage your account, deposit funds, and track interest online.
Manage Your FAB iSave Account
After activation, you can:
- Balance in real time
- Automatic Savings Goals
- Instantly transfer funds between FAB Accounts..
- See the interest you earn each month.
- Contact 24/7 Customer Support via Email, Chat, and Phone
Managing your savings is now easier than ever.
FAB iSave App Features
FAB Mobile App: A key tool to manage your iSave Account
- Open an account instantly
- Keep track of your balances and transactions.
- Transfer funds quickly
- Set up alerts to notify you of deposits and withdrawals.ls
- Safe login using biometrics
Your banking is now fully electronic and secured.
How to maximize FAB iSave benefits
- Your interest will grow faster if you deposit regularly
- Automatic savings can help you grow your money without having to.e
- Update your app to get new features.
- Maximize your returns by monitoring interest rates.
- Track transactions using SMS alerts and prevent fraud
Conclusion
It is easy, safe, and rewarding to open a FAB iSave account in 2025. It’s perfect for UAE residents who want to make efficient savings. There is no minimum balance requirement, there are zero fees, and it can be managed online. Combining it with automated savings, tiered interests, and a mobile bank to safely and conveniently grow your money.
Visit FAB today or download the FAB Mobile App to take charge of your financial destiny!
Related Blogs:
Unlink FAB Mobile App Complete Guide
FAB Bank Online Account Opening is Quick and Easy
FAQs About FAB iSave Account
What is the FAB iSave account?
FAB offers a digital account with no minimum deposit, online access, and competitive interest rates that are competitive.
Who is eligible to open an iSave account?
Residents and expats of the UAE aged 18+ who have a valid Emirates ID.
What is the interest rate?
Rates are based on the balance and calculated each day.
How can I use the app to access my account?
The FAB Mobile App does allow full account management.
What are the fees?
iSave does not charge any hidden fees.
What is the maximum number of withdrawals I can make?
No penalties for unlimited withdrawals
What are the documents required?
Emirates ID (for expats), passport, and proof of residency.
How can I automate savings?
You can use the Automatic Savings Plan to make regular deposits.
What is the time required to open a bank account?
It usually takes a couple of hours following the document check.
How do I contact Customer Support?
Call 600 52 5500, email customersupport@bankfab.com, or use the app’s live chat.