In the UAE, 2023 if you want to find best banks offering savings accounts with attractive interest rates and an easy documentation process. With so many options to choose from, it’s natural to feel a bit overwhelmed about which account holds the best potential for your future financial gains. To help you with this confusion below listed are few 15 best savings accounts in dubai , UAE (agust 2023)for your consideration
15 Best Bank for Savings Account in uae – Agust 2025
Here is a list of 15 best bank accounts 2023 based on interest rates
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1 . ADCB active saver account
Whether you’re saving up for a dream or securing your future, Active Saver Account caters to your unique needs.Take part in a new banking era that empowers your financial path.Choose ADCB and take a proactive step towards a strong future.
Features and benefits
- Open in AED, USD, and GBP currencies
- Settle credit card dues, transfer funds, and leverage TouchPoints for rewards
- Seamless online accessibility enable you to oversee savings beyond office hours
- Initiating transfers to your Active Saver Account is as simple as a single click.
Eligibility criteria
- must have valid UAE nationality or residency and a visa that is currently valid.
- The minimum age requirement for opening this account is 21 years and above
- it is necessary to have an existing ADCB Current or Savings Account
- Active Saver account is designed for individual use only not for joint account.
Charges and fees
- Minimum monthly balance to maintain: AED 3000
- Minimum salary : 5000AED
- Account opening: AED 0
2 . Rak bank saving account
Rak bank one of the best savings accounts in dubai Start your path to a more affluent future with RAK Bank’s specialized savings products, which are tailored to your specific needs whether you’re a UAE national or resident, our accounts offer unbeatable benefits,
Features and benefits
- open account digitally
- Earn profit rates on your account balance
- Transfer money within UAE and outside
- pay bills and obtain access to a wide range of money management
Eligibility criteria
- A salary transfer letter required
- additional documents required for account oppening
- No minimum balance is required for first 3 month
Charges and fees
- Minimum monthly balance to maintain: AED 3000
- minimum monthly salary. AED5000
- Account opening fee AED O
- If monthly balance not maintain charges AED 25
3 . ADIB smart banking account
As a UAE resident or national, enjoy the convenience of a feature-rich account that provide to your modern lifestyle. With ADIB’s Smart Banking, you can bank smarter, faster, and easier.For a banking experience that genuinely understands and meets your needs, join the future of banking right away.
Features and Benefits
- Transfer your monthly salary and stand a chance to receive rewards
- ADIB Salary Bonus program.
- Generate profits on your savings, and benefit from fee-free domestic and international transfers.
- Get discounts on dining and lifestyle
- Withdraw cash without a card
- More than 1500 deals and discounts via the smart deals app.
Eligibility criteria
- Resident of United Arab Emirates
- Age limit 18 years and Above
- Personal and Non-Commercial
- Need Original Passport
- Valid Emirates ID (for UAE Nationals & Residents)
- Must have UAE residence visa
Charges and fees
- Minimum monthly income of AED 5000
- Annual fees: AED 0
- Minimum monthly balance: AED 0
4 . CBI saver account
Money is easily accessible through the CBI Saver Account, and you have the freedom to make as many withdrawals as you like. offers monthly interest credits based on your daily balance and transactions. Account holders enjoy the convenience of accessing their accounts from anywhere.
Features and Benefits
- Open to minors and joint-account holders.
- Receive a complimentary international debit card.
- Accounts can be established in AED.
- Interest accrues monthly.
- Unrestricted withdrawals.
- an interest rate of up to 2.10%
Eligibility criteria
- Primary passport (with a minimum validity of 1 month)
- Valid expatriate Visa
- Valid Emirates ID
- Necessary documentation for address verification:
- Proof of address (e.g., bank statement, utility bill, employment letter, tenancy agreement)
For applications involving children:
- Birth Certificate or passport
- A minimum initial deposit is required to establish the account.
Charges and fees More details
- Minimum monthly balance AED3000
- Account opening fees: AED 0
- If monthly balance not maintain charges AED25
5 . NBD Smart saver account
if you want to chose best saving account in dubai smart saver is suitable choice You can keep quick access to your money while seeing your savings increase. goodby to the worries of traditional banking since NBD Smart Saver is made for your convenience.This account satisfies all of your requirements, whether you’re planning for a safe future or a fantasy investment.Join the countless others who have used NBD Smart Saver to secure their financial security. zero balance account in uae
Features and Benefits
- account offerings in AED, USD, and GBP currencies.
- interest rates reaching 2% p.a. for AED, 1.25% for USD, and 0.75% for GBP.
- interest calculation, based on your daily closing balance,
- Enjoy seamless utility bill payments without impacting your withdrawal flexibility.
- manage your funds by initiating easy transfers to your Smart S@ver account.
- one withdrawal a month won’t compromise your attractive interest rate.
- As you manage your account online.
- Adapted for all – salaried, non-salaried, and self-employed individuals
Eligibility criteria
- You’ll need to provide clear copies of passport(s) along with the original passport.
- If you have a sponsor, their letter of no objection is necessary.
- For salary transfer accounts, a salary certificate is required. alternatives like an appointment letter, contract copy, or a payslip
- In the case of bulk accounts, a consolidated letter from HR
- include your latest salary statement for the account where your income is credited
Charges and fees More details
- Minimum monthly balance AED 3000
- Minimum salary required AED5000
- Monthly fee If balance not maintained AED 26
6 . Mashreq noon VIP saving account
Mashreq Noon Saving account offers a seamless blend of freedom and safety and is designed to help you save more. you are saver or just starting, enjoy the flexibility to manage your funds effortlessly, coupled with attractive interest rates. With the Noon Saving Account, your hard-earned money is in safe hands, ensuring your peace of mind.
Features and Benefits
- high-reward savings account
- Every month, the interest is credited to the account based on the monthly average balance.
- Both UAE citizens and non-citizens with visit or transit visas are eligible.
- Minimum Age limit 18 years old. Less-than-18-year-old applicants may open with a guardian
- The account doesn’t offer a Chequebook.
- AED 5000 in income is required as a minimum.
- There is no ongoing monthly fee for the account.
- Account opening is only possible in AEDThe account is not required to maintain a minimum balance.
Eligibility criteria
- Need Passport
- Must be required Emirates ID for UAE residents
- Last 2 months bank statements for non-residents
Charges and fees
- Minimum salary AED5000
- Minimum balance AED 0
- Monthly fee AED0
7 . Mashreq easy saver account
With no minimum balance requirement and easy access to your funds, achieving your financial goals becomes stress-free. Whether you’re a seasoned saver or just starting, our user-friendly interface and competitive interest rates work together to grow your savings. 1. Say goodbye to complex processes and hello to a brighter financial future. Experience convenience, flexibility, and rewards, all with the Mashreq Easy Saver Account.
Features and Benefits
- Depending on the average monthly balance interest is credited each month.
- There is no monthly charge or minimum balance required.
- Unlimited free internet money transfers between Mashreq accounts
- There is less temptation to withdraw your hard-earned savings when you don’t have a debit card.
- No checkbook
- Type of Currency: AED and USD
- For existing current and savings account users using MashreqOnline, instant account setup with a click account opening is available.
Eligibility criteria
- Application form
- For expatriates/Emirates I.D. with a valid passport and a page showing a residency visa.
- A 2-month bank statement from the non-resident’s
- Non-residents traveling on a temporary visa
Charges and fees
- Minimum Salary – AED 5000
- Monthly balance AED O
- Monthly charges AED O
8 . FAB Personal saving account
Fab personal account comes with a number of blessings that cover the direction for a stable future. Experience huge interest prices and flexible alternatives that assist your objectives. Fab offers insider facts on the necessities for eligibility, and the specific blessings of choosing Fab. Set out to your path to financial wealth by way of navigating the UAE’s dynamic economic landscape conveniently. Choose Fab private financial savings Account right now to start down the direction to easy and prosperous future.
Features and Benefits
- Offered in Dirham as well as other prominent currencies.
- Gain interest rates on your account (pending prevailing rates).
- Maintain a minimum monthly average balance of AED 3,000 or its equivalent.
- Obtain a complimentary FAB Mastercard debit card.
- Enjoy free access to airport lounges without advanced booking; just present your FAB Platinum Mastercard debit card.
Eligibility criteria
- Minimum age limit 18 years
- Salaried, self-employed and non-salaried
- Can be open UAE nationals, GCC nationals, resident expatriates and non-residents
Required documents
- mandatory completed account opening form
- Need Copy of a valid passport/Emirates ID (originals must also be presented)
- Proof of income also be needed
Charges and fees More details
- Maintain monthly balance AED 3000
- Minimum salary required AED5000
- Monthly fee If balance not maintained Charges will apply AED 26
9 . Al Islami E saving account
With the Islamic e-Saving Account, your funds are managed in line with Shariah guidelines, ensuring ethical and responsible financial growth. Enjoy the convenience of digital banking while upholding your faith. Experience peace of mind as your savings multiply without compromising your beliefs.
Features and Benefits
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Online Account Opening
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For existing customers only
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Competitive profit rates
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Bill Payment Facility
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free monthly E-statements
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account access from anywhere in the world
Charges and fees. More details
- Minimum monthly salary: AED 5,000,
- Monthly balance required AED 1000
- Monthly fees AED O
10 . Emirates Islami E saving account
10 . Emirates Islamic (E Saving account)Enjoy the benefits of no minimum balance requirement and instant access to your savings. Start building your financial future today with Emirates Islamic e-Saving Account – where modern banking meets your aspirations.
Features and Benefits
- Enjoy unlimited online transfers and bill payments
- Earn up to 1.50% per year in predicted profit for currencies such as AED and USD,
- Get a three-month period of 1.50% p.a. projected profit rate on AED and USD for new customers.
- Online transfers and bill payments are only a couple of the advantages available to account holders.
- No restrictions apply to transactions conducted on the account, but they will have an effect on how profits are calculated.
Eligibility criteria
- Self-opening account through online banking that is quick and simple
- The ease of using internet transfers
- There is no cap on withdrawals, but they affect how the profit balance is calculated.
- Both AED and USD are accepted
- Required access to online banking
- Offered to individuals
- No minimum balance is necessary.
Charges and fees. More details
- Minimum balance AED O
- Minimum salary AED 5000
11 . Emirates Islamic (Investment saving account)
This account isn’t just a means to build wealth; it’s a commitment to your principles. With a carefully curated selection of sharia-compliant investment avenues, your money flourishes while staying true to your beliefs. Navigate the intricate world of finance with a partner that values transparency, integrity, and responsible investment Emirates Islamic investment account gives you the tools you need to be a responsible investor and make choices about your money that are in line with your morals.
Features and Benefits
- Free debit card accepted worldwide
- Both AED and USD are accepted
- Payment of profits on a quarterly basis
- Using online banking at your convenience to see, manage, and complete transactions
- Using phone banking, you can access your accounts from anywhere and at any time.
- Account notifications through SMS for transactions and charge card balances
Eligibility criteria
- 3,000 AED in the required minimum balance
- Available to individuals, couples, and minors can open accounts
- Available for companies that include sole proprietorships, partnerships, joint stock companies, and limited liability companies
charges and fees More details
Minimum salary AED5000
Minimum balance AED3000
12 . FAB I save account
You can easily open an iSave Account if you already have an FAB account using the FAB Mobile app or online banking.You can specify your financial path using iSave. Whether it’s a new car, a house update, or a rainy day fund, track your progress in real time. Your dreams, are powered by safe financial options from FAB.
Features and Benefits
- 25% annually on new deposits made between May 1 and September 30, 2023
- Immediately opening an account using the FAB Mobile app or online banking
accessible in AED - No minimum balance is necessary.
- No limits on the number of withdrawals
Eligibility criteria
- Eligibility is calculated on the average monthly balance
- Minimum salary AED5000
13 . Xtra saver account
The Xtra Saver Account is your ideal partner for saving. Managing your money is simple with attractive interest rates and a user-friendly interface. Xtra Saver offers something for everyone, whether you’re an experienced investor or just getting started with saving in uae.
Features and Benefits
- Earn 2.00% p.a. interest, calculated on your average monthly balance. Open an account with as little as AED 3,000.
- No matter what the goal is, the XtraSaver account gives you the flexibility between AED & USD currencies to save and get higher returns on your savings.
- Withdraw funds whenever you want** with convenient access to your account via phone banking,
- help save the planet with our secure e-statement
Eligibility criteria
- Nationality UAE Nationals, Residents, and Non-Resident individuals
- Age minimum 18 year
DOCUMENTS REQUIRED
- For Residents ,Passport, Emirates ID, and Resident Visa
- For Non Residents Passport, Bank Statements, and Address proof
Charges and fees
- Minimum initial deposit for account open. AED 3000
- Minimum average monthly balance AED O
- Monthly service charge. AED O
14 . Sharjah Islamic saving account
This account offers you both financial security and compliance to Islamic principles, providing you a sense of security and alluring benefits. a financial solution that is in line with your principles.
Make your savings a proactive insurance policy that protects your future. With our Mudaraba-based account, you have a fantastic chance to profit from your priceless savings. The Sharjah Islamic Saving Account in the UAE. Your dreams matter, and so does your faith.
Features and Benefits
Eligibility criteria
- Applicants must be 18 year old
- original passport emirates id
- Need uae valid visa for UAE expact
- Must need proof of residence
- Proof of income
Charges and fees
- Minimum monthly balance AED3000
- Monthly charges AED25
- Other monthly charges AD O
15 . mashreq neo saving account
Branch locations are unnecessary because Neo strongly believes in the potential of digital technology. The Neo app is made to handle all of your banking requirements and inquiries. So take advantage of simple banking with the Neo app and Mashreq ATMs ,Benefit from attractive interest rates that boost your savings faster. Whether you’re new to banking or a seasoned saver, Mashreq Neo welcomes you to a world of convenience, transparency, and growth. Start your journey today and witness the future of banking.
Features and Benefits
- Within 48 hours, a free Platinum Debit Card will be provided.
- Remittances to 30+ countries are quick and simple.
- Free Gold Investment Account application
- Gain advantages for dining, travel, and leisure
Eligibility criteria
- Valid Emirates ID
- Minimum 18 years and above
- Student or housewife visa holder
Charges and fees click here
How to Choose Best Bank for Savings Account in UAE 2025
Protecting your financial future requires finding the greatest savings account in the UAE.
When there are many options available to you, you may be able to make wise decisions after you know what to look for.
1. Interest Rates: Start by evaluating the interest rates that various institutions are willing to offer. If the interest rate is higher, your money will grow more quickly over time.
2. Fees and Charges: Look into any fees connected to the savings account, such as ATM or maintenance fees.
3. Accessibility: Take into account how easy it is to get to your money. Online banking, mobile apps, and ATM networks ought to be widely accessible.
4. Extra Benefits: Keep an eye out for extra benefits like free fund transfers, debit cards, or special prices at affiliated businesses.
5. Reputation and Service: Select a bank with a strong track record of providing excellent customer service. Read reviews or seek guidance to ensure that your banking experience won’t be challenging.Determine whether you require a simple savings account or one with extra features, such as a high-interest account or a fixed-term deposit.
6. Account Type.The greatest savings account in the United Arab Emirates can be found by analyzing interest rates, fees, accessibility, and bank reputation.
By considering these factors, you may confidently make a choice that supports your financial goals.
FAQs
What are the benefits of saving account in UAE ?
A savings bank account’s ability to create income on your money on a quarterly or annual basis without sacrificing liquidity is one of its many wonderful features. In a couple of seconds, you can withdraw any amount from your bank whenever you need it. Additionally, you don’t need to worry about losing or getting stolen of the money in your bank because it is safe.
What documents are necessary by banks to open a savings bank account?
The documents needed to open a savings bank account are proof of income, and you do not need to give photocopies of the documents as part of the account opening process. For KYC, you can upload a scanned copy of your passport and Emirates ID or present the originals.
How can I get the interest earned on my savings bank account?
Your account’s interest is calculated by the bank either every quarter, every half-year, or every two years. The bank deposits this money right into your account. There is nothing you need to do about it.
Which bank is best to open savings account in Dubai?
For those who are residents of Dubai with a valid visa as well as UAE nationals, ADCB is regarded as the best bank in the city for a savings account. You only need to be at least 21 years old and have an active ADCB current or savings account in order to open an Active Saver Account.
Which bank account is free in UAE?
There are no monthly charges or minimum balance requirements for this account. Using Mashreq’s mobile or internet banking, you can send money for nothing. Receive a welcome bonus of up to 2000 AED. For each five online transactions you do each month, you’ll earn AED 25 in Salaam points.