Made up your mind?

iSave Electronic Account

Earn up to 3% on your savings

Purple 3

Limited offer key benefits:


  • No minimum balance required
  • Unlimited withdrawals
  • Earn up to 3% per annum interest
  • The more you save, the higher the interest rate you can earn







 

Features

  • Use our online or mobile services to access your savings anytime
  • Limited time bonus interest-rates available
  • Available in AED only
  • No monthly fee or minimum balance requirement
  • No restrictions on the number of withdrawals
  • You can open up to 10 accounts through our online or mobile banking channel
  • You can choose an easy to recall 'nick name' for each account
  • Interest will be paid monthly calculated on the "monthly average balance"
  • Instant account opening for existing current and savings account holdersthrough our online or mobile banking channel

 


Required Documents

  • Fully completed account opening form
  • Copy of valid Passport / Residence Visa / Emirates ID (Originals must also be presented)
  • Salary certificate or any documentary proof to substantiate the source of income

Note: Additional documents may be required depending on case-by-case basis at the sole discretion of the Bank.


Interest Rate (% p.a.)

Account Balance Interest Rate
< AED 50K 0.50% Per Annum
AED 50K to < 100K 1.50% Per Annum
AED 100K to < 500K 2.00% Per Annum
AED 500K to < 1M 2.25% Per Annum
AED 1M to < 5M 2.50% Per Annum
AED 5M and over 3.00% Per Annum

Conditions

  • Debit cards will not be issued for customers who only have an iSave Account. If customer already holds a FAB debit card than he/she can link their iSave Account with their debit card subject to a maximum of 5 linked accounts.
  • Applicable interest rates are at the sole discretion of the Bank and can be changed without notice.
  • Interest is paid on a monthly basis based on the monthly average balance (calculated as a monthly average of calendar month). The Bank reserves the right to change the basis of the calculation of interest.
  • If the account is closed, interest will be paid pro rata using the monthly average balance.

Apply Now

Enter your details and we will call you back within 24 hours to proceed with your application.

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