top 10 best savings accounts in uae 2023
| Accounts | Minimum salary | Minimum balance | profits rates |
|---|---|---|---|
|
ADIB smart accounts |
5000 AED |
0 AED |
0.50% TO 0.70% |
|
NBD standard savings account |
5000 AED |
3000 AED |
0.20% |
|
Millionaire Destiny Savings A/c |
_ |
3000 AED |
price 1 million |
|
ADCB active saver account |
_ |
0 AED |
0.68% |
|
Emirates Islamic e savings |
5000 AED |
0 AED |
1.2% |
|
standard charted xtra saver |
3000 AED |
0 AED |
0.60% |
|
FAB savings accounts |
3000 AED |
3000 AED |
1.82% |
|
mashreq basic savings A/C |
5000 AED |
3000 AED |
0.15% |
|
Rak bank |
5000 AED |
3000 AED |
0.25% |
|
CBI saver account |
5000 AED |
3000 AED |
2.25% |
ADIB SMART ACCOUNT
ADIB Amwali account for youth is here to financially empower your children. Meet the banking experience designed for the next generation.
BENEFITS
- Win when Transferring your salary, spending money or sending money home
- You win rewards through the ADIB Salary Bonus
- You can also enjoy over 1500 deals and discounts through the Smart Deals app
- 1 free domestic and international transfer per month.
ELIGIBILTY
- You will need a minimum monthly income of AED 5000 to open this account
- You will need the following:
-Your original passport required - Need valid Emirates ID (for UAE Nationals & Residents)
- Need valid UAE residence visa
NBD STANDARD SAVINGS ACCOUNT
Emirates NBD Standard Savings account is a high-interest yielding account. It is available in only UAE currency and offers high benefits on the account.
BENEFITS
- Available only in UAE Dirham,
- This account offers an interest rate of 0.20% p.a.
- You’ll also get a free international ATM/debit card,
- Bill payment facilities across a wide range of services.
- You’ll have 24-hour easy access to your account, through ATMs.
FEE & CHARGES
- Maintain minimum balance: AED 3000
- Annual fee: AED 0
- Account opening fee AED 0
MILLIONAIRE DESTINY SAVINGS ACCOUNT
Our unique account gives you the chance to win exciting cash prizes
FEATURES
- You need to keep an average monthly balance of at least AED 5,000 for price draws
- If your balance falls below AED 3,000 in any given month, you’ll be charged a maintenance fee of AED 25
- If you have other products with us in addition to your MDSA & EMSA accounts, normal pricing will apply according to your customer segment.
BENEFITS
- With a Debit Card, you have instant access to your money
- There’s no lock-in period and no penalty for withdrawals.
- You can also earn profit from your savings, which is declared and paid quarterly.
- Every additional AED 1,000 that you save over the initial AED 5,000 grants you an extra chance to win.
ADCB ACTIVE SAVER ACCOUNT
No matter what your financial goals are, the ADCB Active Saver Account can help you get there faster. With competitive interest rates and no monthly fees, this account is a great way to make your savings work harder for you. So whether you’re saving for a wedding, school fees, a vacation or your dream home, open an Active Saver Account today and start achieving your ambitions sooner.
FEATURES
- If you don’t meet the minimum balance requirements for your account, you’ll be charged a monthly fee
- If you need extra statements outside of the normal cycle, you’ll be charged as well
- Interest is calculated daily on your account balance and paid monthly based on the balance tier and the corresponding interest rate.
ELIGIBILITY
- To open an Active Saver account, you must:
- Be a UAE national or resident with a valid visa
- Age 21 years old or above
- First have an ADCB Current or Savings Account for open this account
- An Active Saver account cannot be opened as a joint account or for a minor.
EMIRATES ISLAMIC E SAVINGS ACCOUNT
Emirates Islamic Bank provides e-Savings Account that can be accessed online with high benefits and profit rates.
Features and Benefits
- With this account, you can earn up to 1% profit on the balance maintained in the account
- You will get profits every quarter,
STANDARD CHARTED XTRA SAVER
Enjoy a high interest rate of 2.00% p.a. on your XtraSaver account. Let the account do the hard work for you. Available in AED & USD currencies.
BENEFITS
- With a 0.6% p.a. profit rate,
- You’ll have access to online and mobile banking facilities
- You can choose to hold your account in AED or USD.
You’ll get a free debit card. - Account is open to both UAE residents and non-residents.
ELIGILBILTY
| Initial deposit | AED 3,000 (or equivalent in foreign currency) |
| Monthly average balance | AED 0 |
| Monthly service charge | Nil |
| Fall-below fee | Nil |
FAB SAVINGS ACCOUNT
FAB provides Personal Savings Account that can be opened online with high benefits and profit rates.
FEATURES
- Dirham and other major currencies are accepted
AED 3,000,need to be maintain monthly - When you open a FAB bank account, you’ll start earning interest on your balance.
- You’ll get a free Mastercard debit card that comes with lots of great benefits,
- Complimentary airport lounge access. just show your FAB Platinum Mastercard debit card at the door – no prior booking required!
ELIGIBILTY
- 18 years of age or above
- Salaried person self-employed and non-salaried are eligible
- Can open to UAE nationals, GCC nationals, resident expatriates and non-residents
MASHREQ BASIC SAVINGS ACCOUNT
- Enjoy the benefits of interest rates. With Mashreq Basic Savings Account, you will enjoy an interest rate of 0.15% per annum which is credited to your account every 6 months.(Interest rate is subject to change)
BENEFITS
- Get profits every 6 months
- Can open the account online instantly
- Get free Mashreq debit card
- Free 6 manned transactions per month
- Can avail the account in AED and USD
ELIGIBILTY
- Minimum monthly income
- AED 5,000
- UAE residence holders & visitors on a visit or transit visaMust be 18 years old and above. A minor (below the age of 18) can apply along with a guardian.
RAK BANK SAVINGS ACCOUNT
RAKBank provides different savings accounts. RAKBank Savings account is a zero balance account that is offered with a good range of benefits and low fees and charges.
BENEFITS
- Interest rate: Upto 0.25%
- Free debit card is provided
- Zero balance account
- 1 cash withdrawal or 5 utility bill payments can be done per month
- Can pay utility bills for free on no additional charges
CBI SAVER ACCOUNT
Our CBI Saver Account pays a high rate of interest, every month, with the freedom to withdraw your money whenever you want
BENEFITS
- Available to children and joint applicants as well
- Free international debit card
- Accounts can only be opened in AED
- Interest paid monthly
- Unlimited withdrawals.
ELIGIBILTY
- Your original passport (with at least 1-month validity)
- A valid Visa for expatriates
- Valid Emirates ID
- Proof of address (such as bank statement, utility bill, letter of employment, tenancy agreement)