Top best 10 Saving Accounts in UAE

Saving Account in UAE

The UAE has many banks that provide savings accounts with preferential interest rates and hassle-free documentation procedures. Even though this provides us with many options to choose from it can also lead to a big confusion as to which account will be more beneficial in the future. To help you solve the following confusion, here are some of the best saving accounts in the UAE for you to consider.

1- Emirates NBD Standard Savings Account in UAE

It is a high-interest income account and it is only available in UAE currency and provides a high yield for the account and it is one of the best saving accounts in the UAE.


  • Can use online banking services
  • Provide telephone banking services
  • Provide free international debit card
  • Can easily pay
  • Interest rate: 0.25% per year
  • Even non-UAE residents are eligible

Standard savings account fees

A minimum balance that has to be maintained is AED 3000 and the annual fee is AED 0. Fee for account opening is zero

Saving account in UAE
Saving account in UAE

2- ADCB Active Saver account

If we are to talk about the opening procedures of the account and this is one of the simplest savings accounts in the United Arab Emirates. An effective protector account can be opened online and few files are required.


  • You can set up at least 5 active protector accounts
  • Interest is calculated on a daily basis and has a gradual interest rate.
  • AED and USD can be used
  • Interest rates are paid monthly  and the interest rate is 2%
  • Transfer funds easily via online banking.
  • Earn touchpoints and redeem them for shopping, dining, entertainment, etc

Active Saver account fees

The annual fee is zero and it does not require you to maintain a minimum balance. The monthly fee is zero.

3- ADIB Smart Bank Account

ADIB provides multiple accounts. Among all the savings accounts mentioned ADIB smart bank accounts are one of the best. It is a zero-balance account in the UAE and can bring high returns to account holders. Every UAE resident over 18 years of age is eligible to use this account.


  • Can profit from account balance
  • Earn rewards for wage transfer
  • Get discounts on dining and lifestyle
  • Cardless withdrawal
  • Free international and domestic remittance
  • Provide free debit card Zero balance account
  • Even students and housewives are eligible

ADIB Smart Bank Account Fee

The annual fee is zero and so is the minimum balance. This account can be compared to the zero balance account in UAE

4- United Arab Emirates Super Savings Account in the UAE

UAB Ultra savings accounts provide a gradual interest rate unlike the other accounts on the balance in the account, while normal savings accounts pay the same interest rate for all levels of balances. The account encourages savings to earn higher interest rates.


  • The maximum monthly interest rate is 2.5%.
  • Unlimited withdrawals.
  • Free debit card.
  • No maintenance fees.

The Ultra Savings account requires a minimum balance of AED 3000 to be maintained. The minimum account opening fee is AED 3000 and the monthly fee is AED 0

5- Fujairah National Bank’s largest savings account

NBF’s largest saver account is designed to get the most benefit from customers’ savings. NBF can provide higher profits for the funds you deposit into your account will be also the best saving account in UAE.


  • US dollars and AED currencies can be used.
  • The interest rate is about 2%.
  • The amount of interest is paid monthly but calculated on a daily basis
  • Withdrawal can be done once a month without affecting interest.
  • A customer can have up to 2 maximum protection accounts on NBF.

NBF MAX Saver account requires no minimum balance maintained to be maintained and there is no monthly fee.

6- RAKBank FastSaver account

RAKBANK offers many and very different savings accounts. The Fast Saver account of RAK bank can be compared to a zero balance account that provides many discounts and has little or no fees.


  • Interest rate is 1.75%
  • Provide a free debit card
  • Zero balance account
  • 1 cash withdrawal or 5 utility bill payments per month
  • You can pay for water and electricity for free, no additional fees

RAKBANK Fast Saver account has no monthly fee and no balance requirements.

7- CBI savings account in UAE

The CBI savings account provides withdrawal methods that are convenient. CBI accumulates interest on your account every month and calculates the interest on your daily balance and activities. Account-holders of the CBI savings account can access their accounts from anywhere in the world.


  • The account can be opened in AED.
  • Applicable to minors and joint account holders.
  • Unlimited withdrawal times
  • Interest rates up to 1.75%.
  • Interest will be paid monthly
  • Free international debit card.

CBI Saver account requires a balance of AED 3000 to be maintained. The is no monthly fee , no fee for opening an account.

8- Standard Chartered XtraSaver account

Standard Chartered XtraSaver accounts offer very high-interest rates and has an easy access to the account as well.


  • Get a free debit card
  • UAE residents and non-residents are eligible
  • Get a profit margin of up to 1.6% (annual)
  • Can access AED and USD accounts
  • Have access to online and mobile banking facilities

XtraSaver account requires no minimum balance to be maintained but it does require an initial deposit of AED 3000.

9- UAE Islamic Electronic Savings Account in Dubai

The Islamic Bank of the UAE provides an electronic savings account, which can be accessed online, and has a high yield and profitability.


  • Get up to 2% profit from the balance held in your account
  • Quarterly profit
  • Unlimited monthly transactions
  • There is no minimum balance requirement in the account
  • AED and USD accounts can be used
  • The high saving account in UAE

An electronic savings account requires no minimum balance but it has a fee of AED 25.

These are only a few of the best high-yield and favorable savings accounts in the UAE. According to the needs of users, there are more accounts available in the market. All fees and rates are accompanied by terms and conditions. After careful analysis and comparison, you should open a savings account. Before opening an account, please make sure that you understand each fee and fee and all accompanying terms and conditions.

10- HSBC Time Deposit Account

The annual rate of return is up to 1.75%. Anyone with an HSBC current account can use an HSBC time deposit account, requiring you to deposit the money within a specified time. You can save one, two, three, four, six, nine, or twelve months, and the longer the commitment time, it will be better to high saving account in UAE the higher the interest rate. HSBC Premier Banking customers save up to AED 150,000 in a month and can increase the 0.25% annualized interest rate to 1.45% within 12 months. Saving AED 150,000 to AED 750,000, these interest rates were raised to 0.35% in one month and 1.60% in 12 months. The amount of deposits reaches or exceeds AED 750,000 and the tax rate for depositors ranges from 0.45% to 1.75%. HSBC’s senior wealth management and personal banking customers receive 20 basis points less, so the maximum is 1.73%.

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