Best Savings Account in UAE

A savings bank account in UAE is the simplest way to grow your money while keeping it safe. Whether you're planning for the future, building an emergency fund, or just want to earn a little interest on your balance, a savings account helps you stay financially secure.

Most banks in the UAE provide easy access to online banking with zero-hassle transactions, and even zero balance account options. It's ideal for both UAE residents and expats who want a stress-free way to manage their savings. Open best savings account is quick, and the benefits go a long way toward building better financial habits for tomorrow.

List of Top 10 Best Saving Account in UAE -July 2025

Wondering which bank is best for savings account in UAE? Check out the list we have enlisted in the following table: 

Savings Account Minimum Salary Requirements
Emirates NBD Savings Account AED 5,000
HSBC Savings Account AED 5,000
FAB Elite Savings Account N/A
FAB Personal Call Account N/A
FAB Personal Savings Account AED 8,000
FAB iSave Account N/A
Liv Savings Account N/A
ADCB Active Saver Account N/A
Al Hilal Savings Account AED 5,000
Emirates Islamic Bank Kunooz Savings Account N/A

1. Emirates NBD Savings Account

The Emirates NBD Savings Account offers a simple and rewarding way to save. You can open bank account in any of the major currencies available and enjoy several other perks with the free debit card you get. With this card, you can save big — up to AED 4,000, with the exclusive deals available. This is one of the best savings accounts that helps you manage your money wisely with a zero account opening fee. To get started, you only need a minimum monthly salary of AED 5,000.It’s an ideal option for those looking to grow their savings and make the most of their money with easy access and great benefits.

Feature Type Description
Currency The account is available in multiple currencies, including BHD, AED, USD, CAD, AUD, QAR, GBP, OMR, SAR, KWD, JOD, SGD.
Interest Rate You can earn an attractive interest rate of 0.20% per annum
Debit Card Get a debit card on opening an account and save up to AED 4,000 with exclusive deals
Quick Remittance Through this account, you can make quick fund transfers in 60 seconds via the DirectRemit feature
Teller Transactions You make make up to 10 free teller transactions a month
E-Statements Keep your finances on track by requesting half-yearly e-statements
Click here to Open Emirates NBD Savings Account

2. HSBC Savings Account

The HSBC Savings Account is all about global convenience. Whether you’re saving for something big or just managing your day-to-day finances, this best savings account keeps things easy and secure while giving you international access to your money. It is perfect for those who live, work, or travel across borders. Whether you’re a national or a resident, you can conveniently open savings accounts through the internet and mobile app banking channels.

Feature Type Description
Currency Open an account in any of the available currencies- EUR, AED, USD, GBP, and CNY
Debit Card Get an International Visa debit card on opening an account along with a supplementary free debit card
Interest Rates Earn attractive interest rates-
  • AED accounts — 0.05% AER (Fixed)
  • USD accounts — 0.10% AER (fixed)
Deposit Machine Access Get access to over 90 cash deposit machines across the UAE.
Transactions You can make up to six over-the-counter transactions monthly without any charges
Annual Return Get an annual return of 0.1%
Click here to Open HSBC Savings Account

3. FAB Elite Savings Account

FAB Elite Savings Account is designed for high-value customers who want more from their savings. It offers a premium banking experience with special privileges and personalised service. This best savings account has zero minimum balance requirement and lets you earn competitive interest rates. Additionally, you get exclusive debit card perks such as high ATM cash withdrawal daily, free cash withdrawals, and much more. If you’re looking to grow your wealth while enjoying exclusive perks, this elite account is the one for you.

Feature Type Description
Currency This account is available in multiple currencies
Interest Rate
  • The account offers an attractive interest rate of 0.07% per annum
  • Additionally, get a tiered interest rate on an AED savings account
Debit Card Open an account and get an Elite World Mastercard debit card for free
Remittances Make one international remittances per month without any charges
Cash Withdrawal You can withdraw cash from any ATM for free in the UAE and up to 4 withdrawals every month outside the UAE for free
Cash Withdrawal Limit The ATM cash withdrawal limit is AED 25,000 and the retail purchase transaction limit is AED 75,000
Click here to Open FAB Elite Savings Account

4. FAB Personal Call Account

The FAB Personal Call account is designed to give you maximum flexibility and control while also earning interest on your existing balance. Whether you’re a salaried or a non-salaried individual, this account is ideal if you want to keep your money accessible whenever you need it. With the FAB Personal Call Account, your funds are never locked in, giving you the freedom to access your money whenever you need it, without penalty. This is among the best savings accounts for those seeking a balance between earning interest and maintaining complete control over their finances. It’s the perfect account for individuals who want their money to work for them, but still need the ability to access it on their terms.

Feature Type Description
Currency The account is available in multiple currencies
Balance Maintenance You only need to maintain a minimum monthly balance of AED 3,000
Interest Rate You can earn a competitive interest rate on your balance
Account Statements Request monthly account e-statements for free
Banking Services Get free online banking services
Click here to Open FAB Personal Call Account

5. FAB Personal Savings Account

Simple, steady, and easy to manage, the FAB Personal Savings Account is a perfect choice for everyday savers. This bank account allows you to earn interest, subject to the existing rates. It makes the best savings account as you get a complimentary debit card with exceptional perks, such as free airport lounge access across the Middle East. With FAB’s trusted reputation, your savings are in safe hands — and you can rest easy knowing your funds are secure. Whether you are starting your savings journey or looking for an account that offers both simplicity and value, the FAB Personal Savings Account is an excellent choice for stress-free savings.

Feature Type Description
Currency The account is available in multiple currencies
Balance Maintenance You only need to maintain a minimum balance of AED 3,000 or equivalent in other currencies
Interest Rate Earn an attractive interest rate on your account
Debit Card Open an account and get a Master debit card for free. With this card, you have complimentary access to airport lounge access
Chequebook Get a free chequebook on opening an account
Click here to Open FAB Personal Savings Account

6. FAB iSave Account

FAB iSave Account allows you to open and manage your account online anytime, anywhere. With an instant online account opening and zero paperwork, this account is designed for individuals who value simplicity and efficiency. There is no minimum balance fee required. It is one of the best savings accounts because you can make unlimited cash withdrawals without incurring any additional charges. For those who prefer digital-first banking with no hassle, the FAB iSave Account offers the perfect combination of ease, accessibility, and cost-effectiveness. Open an account and fetch all your account details via the internet and mobile banking channels.

Feature Type Description
Currency You can open this savings bank account in AED currency
Interest Rate Earn competitive interest rates
Account Maintenance You don’t need a minimum balance to keep your account active. Additionally, no charges are applicable for not maintaining a minimum balance
Cash Withdrawals Withdraw unlimited cash without incurring an additional charge
Account Opening Open your account instantly through the internet and mobile banking facility

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7. Liv. Savings Account

The Liv. Savings Account is completely digital. It’s simple, intuitive, and helps you save while you spend with its exclusive money-saving features. Designed for the modern saver, it helps you save effortlessly while you spend, thanks to its innovative money-saving features. Why is this one of the best savings accounts? Because, you can set up automatic transfers, create multiple savings goals and rules, and keep your finances on track. With an app-first approach, Liv. makes money management easier than ever.

Feature Type Description
Account Type This is the UAE’s first digital savings account
Interest Rate You can earn attractive interest rates of up to 4% per annum
Finance Management Set up automatic transfers to keep your finances on track
Savings Multiple features are available to manage your everyday savings
Click here to Open Liv. Savings Account

8. ADCB Active Saver Account

Looking for the best savings account? The ADCB Active Saver Account might be the one for you. It rewards you just for saving regularly. The more active you are with your savings, the better it gets. Earn attractive interest rates on your account, up to 2.25% per annum on your AED account and up to 2% per annum on your USD account. The interest is calculated daily and paid monthly with tiered interest rates. Open an account instantly via online means. Whether you’re looking to build long-term savings or simply want a smarter way to save, this account provides a rewarding way to grow your wealth.

Feature Type Description
Currency Open an account in any of the available currencies- AED, GBP, and USD
Banking Facilities Through this account you can make easy bill payment, transfer your funds to other accounts, and even redeem your earned points
Interest Rate Earn an attractive interest rate of 1.4% per annum
Profit Calculation The expected tiered profit is calculated daily and paid monthly
Number of Accounts You can open up to 5 accounts for setting up different savings goals
Click here to Open ADCB Active Saver Savings Account

9. Al Hilal Savings Account

Al Hilal’s Savings Account works on Shariah-compliant principles. It is a totally smart choice if you’re looking for the best savings account within Islamic banking that fits into your lifestyle and everyday savings. Open an account in Dirhams and get free facilities, such as monthly online statements and a debit card. You can simply withdraw cash without any additional fees at ADCB ATMs. In fact, you have free access to the ADCB deposit machine.

Feature Type Description
Currency The account is available in AED currency
Profit Distribution The profit distribution is done on a monthly basis
Debit Card Open an account and get a personalised Mastercard debit card for free
Account Statements Keep your finances on track by receiving e-statements every month without any charges
Click here to Open Al Hilal Savings Account

10. Emirates Islamic Bank Kunooz Savings Account

The Kunooz Savings Account stands out with its exciting prize draws making it a rewarding best savings account in the UAE. It’s a Shariah-compliant account that not only helps you save but gives you chances to win big. Stand a chance to win a grand prize of AED 1,000,000 monthly. This account is designed to help you grow your savings while adding an element of excitement and reward. Best of all, all Kunooz account holders are eligible to open this account.

Feature Type Description
Cash Prizes Earn exceptional grand prizes:
  • A grand cash prize of AED 1,000,000
  • A weekly cash prize of AED 50,000 
  • A daily cash prize of AED 1,000
Profit Rate Earn quarterly profit and get an annual return of 0.1%
Debit Card Open an account and receive an internationally recognized debit card without any additional fee
Account Maintenance You only need to maintain a minimum monthly balance of AED 3,000
Account Holder Type Individuals, joint account holders, and even minors are eligible to open an account

Saving Account in UAE

How to Open a Savings Account UAE via Paisabazaar.ae?

Paisabazaar.ae is your one-stop solution for all banking needs. Here's how you can find the best savings account in the UAE:

  • Step1- Click on the lead form.
  • Step2- Complete the form and submit it.
  • Step3- Go through the list of bank accounts.
  • Step4- Compare and choose one.
  • Step5- Apply and follow the on-screen prompts.

We will give you a call back after reviewing your application.

For any further questions, call us at 8007284647 or drop us an email at communication@paisabazaar.ae.

Best Savings Account UAE- Requirements

Given are the requirements for opening savings accounts in the UAE, including the eligibility requirements and a documents checklist:

Eligibility Criteria for Best Savings Accounts in UAE

Eligibility Type Criteria
Minimum Salary AED 5,000
Minimum Age 18 years
Status of Employment Salaried or self-employed
Nationality UAE national or UAE expat

Note: Additional eligibility criteria may be applicable.

 

Document Required for Best Saving Accounts in the UAE

For Salaried For Non-Salaried Self-Employed
  • Emirates ID
  • Passport
  • UAE Residence Visa
  • Latest 3-6 Months’ Bank Statements
  • Salary Certificate/ Letter
  • Emirates ID
  • Passport
  • UAE Residence Visa
  • A proof of source of funds
  • Emirates ID
  • Passport
  • UAE Residence Visa
  • Latest 3-6 Months’ Company Bank Statements
  • Trade Licence

Note

  • Additional documents may be required
  • Keep the originals and copies of each document handy

Frequently Asked Questions

Who can open a savings account in the UAE?

UAE residents, as well as non-residents, whether employed or unemployed, can open savings accounts. However, there are some exceptions. You are eligible to open a Kunooz Savings account only if you hold another account with the Emirates Islamic Bank.

Is there a minimum balance requirement for savings accounts in the UAE?

Yes, many banks require a minimum maintenance balance. However, some offer zero-balance options. Make sure to check with the bank before starting your application.

Can I open an HSBC savings account in different currencies?

Yes, the HSBC savings account is available in multiple currencies, including EUR, AED, USD, GBP, and CNY.

Do UAE savings accounts offer interest on accounts?

Yes, most savings bank accounts in the UAE offer interest or profit on your account or existing balance, depending on the bank and account type.

Can I open a savings account online in the UAE?

Yes, most banks now have the provision to allow applicants to open a bank account through internet banking and mobile banking.

Are UAE savings accounts Shariah-compliant?

All Islamic financial institutions in the UAE follow the Shariah-compliant structure and offer you Islamic bank accounts.

What are the benefits of Emirates NBD Savings Account?

The bank account is a multi-currency account, which offers free teller transactions, quick transfers, and attractive interest rates.

Is there a mobile banking app for FAB savings accounts?

Yes, FAB’s mobile app lets you manage your savings account easily on the go. You can get the app on the Google Play Store and the Apple Store. Register your account and use it at any time from anywhere across the globe.

Does Emirates NBD offer foreign currency savings accounts?

Yes, Emirates NBD offers multi-currency savings account options. These include BHD, AED, USD, CAD, AUD, QAR, GBP, OMR, SAR, KWD, JOD, SGD.

Does the FAB savings account offer interest?

Yes, FAB offers interest on AED savings accounts, depending on the balance tier.

Do I earn profits with the Kunooz Savings Account?

Yes, you earn monthly profit and qualify for prize draws with a minimum balance.

Is there a Premier or Advance savings option with HSBC?

Yes, HSBC offers tiered savings accounts for Premier and Advance customers with added perks.

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