Top 10 Saving Account with a High-Interest rate in UAE

It is a deposit account held at a retail bank that pays interest but cannot be used directly as currency in the sense of a small exchange medium (for example, by writing a check). These accounts allow customers to reserve a portion of their current assets while earning a return on their money.

There are a variety of accounts to choose from; some have the flexibility to withdraw funds, while others have limitations. Many tools are available online for easy access, but there is usually no ATM card or checkbook to encourage savings and minimize bank costs. For those who want to save money and forget, there are regular accounts, which is an ideal choice for savers who need to store emergency funds somewhere and usually generate higher returns in the long run.

Top 10 saving account with a high-interest rate in UAE

1. First Abu Dhabi Bank iSave Electronic Account
2. Emirates NBD Smart Savers Account
3. RAKBank Fast Savers Account
4. Emirates Islamic Investment Term Deposit Account
5. Emirates NBD Standard Savings Account
6. Emirates Islamic E-Savings Account
7. ADCB Active Saver Account
8. United Arab Bank Super Savings
9. CBI Saver Account
10. Standard Chartered extra Saver account

Here are some banks which offer savings accounts with attractive interest rates;

1- First Abu Dhabi Bank iSave Electronic Account

You require a minimum balance of AED 0 requirement to open this account, and it’s a supplementary account for a current or savings account. The interest rate offered on this account varies with the average account balance, and it varies from 0.50% till 3.00%

1. Get the convenience of online banking with no restrictions on withdrawals
2. Entitles you to enter the draw and stand a chance to win prizes under the First Savings Certificates program
3. Every AED 10 in your account balance gives you one chance in the daily, monthly and quarterly draws
4. A Relationship Manager does not form part of the benefits of the account
5. There is no monthly fee
6. There are no rewards on this account

2- Emirates NBD Smart Savers Account

You require a minimum balance of AED 3,000 requirement to open this account. This account can be opened in different currencies.

The account has the following features;

1. ENBDs online account
2. Funds to the report electronically via Internet Banking transfers and cash deposit machines
3. To encourage regular savings no ATM card or checkbook is offered with the Smart Saver account
4. Use less paper by viewing and downloading your account statement via our Online Banking.
5. The interest rate will be paid only above AED 25,000 deposit and will vary based on the amount but can go up to 2.00% based on a tiered structure
6. This account can be opened in USD GBP AED and Euro
7. A Relationship Manager does not form part of the benefits of the account
8. There is no monthly fee except if balance is under the minimum balance amount. A fee of AED 25 applied
9. There are no rewards on this account

3- RAKBank Fast Savers Account

There is no minimum balance requirement for this account. However, you require a minimum salary of AED 3000, and there is no monthly fee on this account. Interest calculated daily and paid monthly. Interest rates go up to 1.75% in AED and 0.60% in USD based on balances maintained.

The account comes with the following features;

1. Interest-bearing savings account
2. Convenient management of your finances online
3. Get a free debit card
4. Get one withdrawal and/or 5 Utility / RAKBANK credit card payments allowed per month
5. You can open your account online with the Click and Collect service
6. This account can be opened in AED USD.
7. Minimum balance required for a RAK elite Premium Banking relationship is AED 250,000; Minimum balance required for a RAK select relationship is AED 100,000 or USD 30,000; Minimum balance required for a RAK prime relationship is AED 50,000 or USD 15,000
8. There are no rewards on this account

4- Emirates Islamic Investment Term Deposit Account

You require a minimum balance of AED 10,000 requirement to open this account. Profits are allocated on 3, 6, 9, 12, and 24-month tenors and based on the amount deposited. The profit rate is 2%, and it may vary. 

The account offers the following features;

• Flexible deposit tenure periods.
• Get 24-hour access to the account through phone banking
• Get mobile banking and internet banking services
• This is an Islamic account
• This account can be opened in AED and USD
• A Relationship Manager does not form part of the benefits of the account
• There is no monthly fee on this account.
• There are no rewards on this account.

5- Emirates NBD Standard Savings Account

You require a minimum balance of AED 3,000 requirement to open this account. Interest calculated on minimum monthly balance and paid half-yearly. The profit rate given is 0.25%.

The features of this bank account are;

1. Attractive interest rates on balances
2. Free international ATM/debit card
3. 24-hour secure access to your account through ATMs over the phone (landline or mobile) and online. Access to an extensive branch and ATM network
4. Bill payment facilities across a wide range of services telephone electricity Salik recharge road fines and others.
5. This account can be opened in AED only
6. A Relationship Manager does not form part of the benefits of the account
7. There is no monthly fee except if balance is under the minimum balance amount. A fee of AED 25 applied
8. There are no rewards on this account.

6- Emirates Islamic E-Savings Account

There is no minimum balance requirement to open this account. However, profit is eligible for AED 5000 and above. This account can be opened in AED and USD. A Relationship Manager does not form part of the benefits of the account

The Features of the bank account are;

1. It’s a Sharia-compliant Wakala based profit bearing account
2. You can open the account through online banking
3. Ability to make online transfers.
4. This is an Islamic account
5. Under the Wakala contract, expected profit ranges between 0.75%per annum to 2% per annum and is distributed on a minimum average balance and distributed on a quarterly calendar basis. Expected profit rates are based on different balance slabs. 
6. There is no monthly fee on this account.
7. There are no rewards on this account.

7- ADCB Active Saver Account

This account is known for its high revenue and ease of allocation of ad slots. This simple ad slot policy is beneficial because it can be opened online, and initial registration is easy.

The characteristics of this account are:

1. The percentage of interest is continuously calculated every day.
2. The online banking of this account protection program is also beautiful.
3. Due to its low cost, the account is also one of the top 5 savings accounts in Dubai.
4. The interest rate is only 1.65%
5. There is no annual fee and no monthly fee.

8- United Arab Bank Super Savings

The account was well recognized due to reasonable interest rates. The account can promote savings to earn high-interest rates.

Other features are as follows:

1. Interest should be paid 2% per month.
2. There is no withdrawal limit.
3. Zero maintenance fee
4. The minimum balance for this account is AED 3000.

9- CBI Saver Account

This CBI account has got so much fame because of so many facilities like withdrawing money several times, etc.

The lowest amount to be maintained in this account is also 3000 like all others. The interest must be paid monthly. So this is the list of top 5 saving accounts in Dubai from where you can secure your savings.

The above is best handpicks saving accounts from all banks in UAE; these are the best saving account in UAE so far based on requirements, benefits, and bank services. Before opening bank account must check terms and condition with the bank and always check charges and fee which bank is charging with term and state of the bank.

10- Standard Chartered extra Saver account

Annual return: up to 2%

The minimum initial deposit for an additional Saver account is only 3,000 dirhams (or equivalent in US dollars) and does not require a minimum monthly balance. The return rate for the first two months was 1%, then doubled monthly to 2%. For US dollar accounts, prices are 0.8% and 1.6%, respectively. This account provides a contactless debit card that limits one debit transaction per month. Please note that if you do have multiple debit transactions per month, you will not receive any interest.