Open FAB iSave Account | No Minimum Balance Required

Opening an FAB iSave Account online with First Abu Dhabi Bank (FAB) is a quick and easy way to manage your savings and earn interest. Whether you are a UAE resident or visitor, this account offers flexible features, a great interest rate, and a smooth online banking experience.

In this guide, we will walk you through the process of opening an FAB iSave account, its benefits, and eligibility. First, let’s learn what the FAB iSave Account is and why it’s a great option for saving.

What is FAB iSave Account?

The FAB iSave Account is an online savings account offered by First Abu Dhabi Bank. This account is designed for individuals who want a simple, flexible way to save and earn interest. It’s ideal for people who prefer banking digitally without the need to maintain a minimum balance or pay maintenance fees. Plus, the account offers competitive interest rates on new funds deposited, making it a great way to grow your savings over time.

Key Features of FAB iSave Account

The FAB iSave Account comes with several attractive features that make it stand out as a savings account:

Feature	Details
Minimum Balance	No minimum balance required.
Withdrawal Limit	No restrictions on the number of withdrawals.
Currency	Available in UAE Dirhams (AED).
Account Opening	Instant opening through FAB Mobile App or Online Banking (for existing customers).
Security	Advanced security features including OTP and biometric authentication.
Maintenance Fees	None.

Interest Rates

Band Balance	Interest Rate Range (per year)
Less than AED 500,000	Up to 2.465%
AED 500,000 to less than AED 5,000,000	2.465% to 3.251%
AED 5,000,000 or more	3.251% and less

FAB iSave Account Requirements

To open an FAB iSave Account, you need to meet these simple eligibility requirements:

Eligibility Criteria	Details
Age	Must be at least 18 years old to apply.
Residency	Only UAE residents with a valid Emirates ID are eligible.
Required Documents	Emirates ID, passport, or utility bills for identity verification.

How to Open an FAB iSave Account Online?

Opening your FAB iSave Account online is very simple. Follow these simple steps:

1) Visit the Official FAB Website:

Go to this link: FAB iSave Account Application

2) Fill Out the Application Form:

On the page, you will find the Apply Now section. Enter your details in the form, which includes the following fields:

First Name (Required)
Last Name (Required)
Company Name (Optional)
Phone Number (Required)
Email Address (Required)
Emirate (Required)
Salary per month (Required)
Nationality (Required)

3) Agree to the Terms and Conditions:

Ensure you read and understand the terms and conditions.
Check the box that says: I read and accept the terms and conditions.

4) Submit Your Application:

After filling out the form and accepting the terms, click the Apply Now button to submit your application.

5) Confirmation Call:

Once your application is submitted, you will receive a call within 24 hours to proceed with your application. The bank’s representative will assist you further.

Benefits of the FAB iSave Account

Easy Online Access: Manage your account 24/7 through the FAB Mobile App or Online Banking.
No Maintenance Fees: Enjoy the benefits of this account without worrying about monthly fees.
Automatic Savings Plan: Set up automatic savings to help you save more easily.
Free Transfers: You can make free transfers between your FAB accounts.

Conclusion

The FAB iSave Account offers a flexible, easy way to save money with high-interest rates and no maintenance fees. Whether you’re new to banking or looking for a better way to manage your savings, the iSave account can help you reach your financial goals. With the simple online application process and excellent features, opening an account has never been easier.