Open Online FAB Smart Deposit Account in UAE

Among FAB’s wide range of products is the smart deposit account, a flexible savings solution designed to help you grow your money effortlessly. This account offers attractive profit rates, easy online management, and short-term deposit tenures, making it an ideal choice if you’re seeking convenience and competitive returns.

Key Features of the FAB Smart Deposit Account

The primary characteristics of the smart deposit account of FAB are as follows —

Available currencies — AED, EUR, USD, and GBP
Available tenure — 2, 3, 4, 5, 7, and 10 years
Payment of interest — Choose between monthly, bi-monthly, or, on maturity
Minimum deposit required — AED 30,000 or USD 10,000 or equivalent in other currency

Eligibility Criteria for First Abu Dhabi Bank Smart Deposit Account

Given below are the eligibility requirements for this FAB deposit account —

Eligibility Type	Criteria
Residency	UAE Residents Non-Residents
Employment Status	Salaried Non-Salaried
Applicant Type	Must have an existing FAB account for funding the Smart Deposit

Document Checklist for First Abu Dhabi Bank Smart Deposit Account

You must submit the following set of documents for opening the FAB deposit account in the UAE —

✅ Emirates ID
✅ Passport
✅ UAE Residence Visa
✅ Duly Filled Fixed Deposit Application Form

Note

📝 You must present valid documents
📝 Keep the originals and copies of each document handy
📝 Additional documents may be required

Open a FAB Smart Deposit Account via Paisabazaar.ae

Now open a bank account within minutes with Paisabazaar.ae!

The process is fairly easy. Here’s what you have to do —

Step1- Enter the correct details in the lead form
Step2- Check out the list of bank accounts on the quotes
Step3- Select your desired account
Step4- Click ‘Apply’ to submit your request

We will get in touch with you shortly — one of our representatives will give you a call after reviewing your application.

Here’s what Paisabazaar.ae offers you!

✔️ Partnership with the best banks in the UAE
✔️ A platform to compare multiple products from various banks
✔️ Efficient contact support to help you with your queries
✔️ Easy and quick account opening process

FAB Smart Deposit Account — Interest Rates

Tabled below are the interest rates in all the available currencies for this FAB account —

Currency — AED

Tenure	Interest Payment — Monthly	Interest Payment — 6 Months	Interest Payment — On Maturity
2 Years	3.48%	3.51%	3.61%
3 Years	3.58%	3.61%	3.79%
4 Years	3.66%	3.69%	3.96%
5 Years	3.81%	3.84%	4.22%
7 Years	4.05%	4.09%	4.73%
10 Years	4.29%	4.33%	5.47%

Currency — EUR

Tenure	Interest Payment — Monthly	Interest Payment — 6 Months	Interest Payment — On Maturity
2 Years	1.96%	1.97%	2.00%
3 Years	2.18%	2.19%	2.25%
4 Years	2.34%	2.35%	2.45%
5 Years	2.49%	2.5%	2.64%
7 Years	2.83%	2.84%	3.10%
10 Years	3.04%	3.05%	3.5%

Currency — USD

Tenure	Interest Payment — Monthly	Interest Payment — 6 Months	Interest Payment — On Maturity
2 Years	3.81%	3.84%	3.94%
3 Years	3.9%	3.93%	4.1%
4 Years	3.98%	4.01%	4.28%
5 Years	4.09%	4.12%	4.48%
7 Years	4.38%	4.41%	5.02%
10 Years	4.54%	4.58%	5.59%

Currency — GBP

Tenure	Interest Payment — Monthly	Interest Payment — 6 Months	Interest Payment — On Maturity
2 Years	4.01%	4.04%	4.15%
3 Years	4.10%	4.14%	4.34%
4 Years	4.16%	4.2%	4.49%
5 Years	4.25%	4.29%	4.69%
7 Years	4.53%	4.57%	5.23%
10 Years	4.72%	4.76%	5.9%

First Abu Dhabi Bank Smart Deposit Account — Terms and Conditions

Given are some of the terms and conditions for the FAB Smart Deposit account —

A term deposit Account is a savings account where you agree to keep your money in the bank for a set period of time. The duration is decided between you and the bank when you open the account.
Your deposit will earn interest based on the rate and calculation method explained in the account’s specific terms.
If you take out some or all of your money before the agreed time, the bank may charge you a fee or give you a lower interest rate. It’s important to check the terms before making an early withdrawal.
You must make sure there’s enough money in your account to cover any payments or instructions you give to the bank.
The bank doesn’t have to follow any instructions or accept cheques or similar payments if doing so would break any laws, sanctions, or the bank’s own rules. The bank can also delay or reject any instruction until it gets all the necessary information from you.
You are responsible for ensuring that all your instructions to the bank are correct. The bank won’t be responsible for any mistakes, delays, or problems in sending or receiving those instructions.
The bank has specific times and daily limits for processing instructions. Anything outside these times or limits may not be handled on the same day.

Note: Visit FAB’s official website for detailed T&C.