How to apply for a FAB iSave account online No Minimum Balance
The FAB iSave Account is an online savings account from First Abu Dhabi Bank for UAE residents. It needs no minimum balance, has no monthly fee and pays a much higher interest rate than a regular savings account. This guide shows how to open it, the current interest rates and who can apply.
iSave is a zero balance account, so you can open it with nothing in it and you never pay a fee for a low balance.
How to Apply for FAB iSave account online with Zero Balance – Step-by-Step Guide
iSave is opened from an existing FAB account. If you already bank with FAB, it takes about a minute:
Step 1: Check the iSave details on the official FAB website, then log in to the FAB Mobile app or FAB Online Banking. New to FAB? Open a current or savings account first.
Step 2: Choose the option to open a new account and select iSave Account.
Step 3: Pick the FAB account you want to fund iSave from and enter the amount to move. You can also start with zero.
Step 4: Read the terms, confirm with the OTP sent to your mobile and submit.
Step 5: Your iSave account opens instantly and shows in the app. You can move money in and out at any time.
Requirements to apply an FAB iSave Account with No Minimum Balance in UAE
You can open a FAB iSave account if you meet these conditions:
- You are a UAE resident
- You have a valid Emirates ID
- You already hold a FAB account, which is used to open and fund iSave
- No minimum salary or opening balance is needed
Why Open FAB iSave bank account in UAE
Here are some reasons why one should open or apply for the iSave FAB bank account in UAE with no minimum balance:
- No minimum balance and no monthly fee, so a low balance never costs you anything.
- Unlimited withdrawals. You can move any amount back to your FAB account whenever you need it.
- A higher interest rate than a regular savings account: up to 2.465% a year on balances below AED 500,000, plus special rates on new funds during FAB campaigns.
- Instant opening in the FAB Mobile app or Online Banking, with no paperwork.
To open the main account first, see how to open a FAB bank account online.
FAB iSave Interest Rates
iSave pays interest in bands based on your monthly average balance:
| Balance (AED) | Interest rate (per year) |
|---|---|
| Less than 500,000 | Up to 2.465% |
| 500,000 to 5,000,000 | 2.465% to 3.251% |
| 5,000,000 and above | 3.251% or lower |
Interest is worked out on your monthly average balance, which is the total of your daily closing balances divided by the number of days in the month. So the longer your money stays in iSave, the more you earn.
Current offer: FAB pays 5.60% a year on new funds added to iSave between 1 September and 31 December 2026. Your total balance on 31 August is the base, and only money above it counts as new funds. Rates and offers change, so check the FAB app before you move a large amount.
FAB iSave vs FAB Personal Savings Account
| iSave Account | Personal Savings Account | |
|---|---|---|
| Minimum balance | None | AED 3,000 |
| Interest rate | Up to 2.465% (below AED 500,000) | 0.02% (AED) |
| How to open | Online only, for existing customers | FAB Mobile app or branch |
| Currency | AED only | AED and other currencies |
| Withdrawals | Unlimited | Unlimited |
For most people saving in dirhams, iSave earns far more and has no minimum balance. The Personal Savings Account suits you only if you need a foreign currency savings account.
Frequently Asked Questions
Which bank maintains zero balance in the UAE?
Several UAE banks offer zero balance accounts. Besides FAB iSave and the FAB One Account, options include HSBC eSaver, Emirates NBD Liv, ADIB and RAKBANK digital accounts.
Can I open a FAB iSave bank account with a zero balance?
Yes. iSave has no minimum opening balance or minimum monthly balance, so you can open it with zero and add money later.
Will I get a free debit card with an iSave bank account in UAE?
No. iSave is a savings account without its own debit card. To spend the money, move it to your FAB current account, which has the debit card.
What are the annual charges for the iSave FAB bank account in UAE?
There is no monthly or annual fee and no fee for a low balance on the iSave account.
Final Verdicts
FAB iSave is one of the easiest ways for UAE residents to earn interest on spare dirhams. It has no minimum balance, no monthly fee and unlimited withdrawals, and existing FAB customers can open it in the app in about a minute. If you are not a FAB customer yet, open a FAB account first, then add iSave and move your savings across.
