12 Best Savings Accounts in Dubai, UAE 2025

UAE accommodates a large number of banks offering savings accounts at attractive interest rates and hassle-free documentation process. Though this provides us with various options to choose from, it can also become confusing as to which account will bear sweeter fruits in the future.

To help you with this confusion below listed are few best savings accounts in UAE for your consideration 

Account Name	Minimum Balance in Account	Profit Rate
Emirates NBD Standard Savings Account	AED 3000	0.20%
Mashreq Bank Neo Smart Account	AED 3000	–
ADIB Smart Banking Account	AED 0	On every dirham in account
United Arab Bank Savings Account	AED 3000	–
National Bank of Fujairah Max Saver Account	AED 0	1%
RAKBank Savings Account	AED 0	0.25%
CBI Saver Account	AED 3000	2.10%
Standard Chartered XtraSaver Account	AED 0	0.60%
Emirates Islamic e-Savings Account	AED 0	1%
FAB’s iSave Account	AED 0	up to 2.75%
HSBC Term Deposit Account	AED 10000	up to 2.50%
Emirates NBD Tiered Savings Account	AED 10000	up to 0.50%

1. Emirates 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. Emirates NBD savings account is one of the best savings account in the UAE. 

Features and benefits

• Can avail online banking facility
• Phone banking facility is provided
• Free international debit card is provided
• Can make bill payments easily
• Interest rate: 0.20% p.a.
• Free local and international remittances
• Minimum monthly balance is required to maintain the account

Fees and charges for Standard Savings account

• Minimum balance to maintain: AED 3000
• Annual fee: AED 0
• Account opening: AED 0

Eligibility Criteria & Documents Required for Emirates NBD Standard Savings Account

Eligibility Criteria:

• Monthly balance required is AED 3,000
• It is available to UAE Resident Individuals including Joint Account Holders, Non-resident Individuals including Joint Account Holders and Minors

Documents required:

For Individuals & Joint Account holders (Residents)

• Original Passport & Visa (resident Visa), Sponsor’s letter of no objection, Salary Certificate (in case of salary transfer accounts).
• In the absence of a salary certificate, any one document can be submitted such as Appointment letter or Contract Copy, Pay Slips (less than 3 months old), Recent bank account statement showing customer’s last month’s salary transaction.

For Individuals & Joint Account (Non Residents)

• Original Passport & Visa (resident visa)

2. Mashreq Bank Neo Smart Account

For daily banking transactions Mashreq Neo Smart Account is the best option. Here you can open a savings account or a current account through digital banking options under NEO Smart Account.

Features and benefits

• You can transfer salary to Mashreq Neo and get joining bonus up to AED 2,500
• Provides Early bird cashback offers up to AED 350 on the transactions in first 90 days
• You can get up to 5% cashback or AED 200 on your debit card purchases in first 90 days
• Get AED 1,000 for referrals to Mashreq Neo
• Account opening is easy and online
• Get complimentary cheque book and international debit card
• Get up to AED 300 upon quick remit in first 90 days for transferring money to more than 40 countries
• Get customizable lifestyle benefits and offers on your debit card
• You can send money faster to 40 countries at affordable rates using the Quick Remit feature
• Start earning Salaam Points every time you use the card to make transactions locally or abroad
• Make bill payments across transport, telecommunications, utility services, and more through Mashreq Mobile App
• Start easily activating and manage the card and more

Fees and Charges of Mashreq Neo Smart Account 

• No Maintenance fees
• Minimum Balance to maintain is AED 3,000
• Minimum Salary is AED 5,000

Eligibility Criteria & Documents Required for Mashreq Bank Neo Smart Account.

Eligibility:

• Working UAE mobile number and email ID
• Minimum monthly salary of AED 5,000.
• A valid Emirates ID.

Documents required

• Working UAE mobile number and email ID
• Valid emirates ID
• Other documents as requested by bank

3. ADIB Smart Banking Account 

ADIB offers a wide range of accounts. Amongst those ADIB Smart banking account is one of the best accounts. It is a zero balance account in UAE with high benefits provided to the account holder. Every UAE resident who is above 18 years is eligible for this account. 

Features and Benefits 

• Can earn a profit on the account balance 
• Transfer yo​ur salary and get a chance to win rewards through ADIB salary bonus
• Get discounts on dining and lifestyle
• Enjoy Cardless withdrawals
• Can avail international and domestic remittance for free 
• Free debit card is provided 
• Zero balance account
• Even students and housewives are eligible 
• Get smart deals and you enjoy over 1500 deals and discounts through the smartdeals app
• Get one free domestic and international transfer per month

Fees and charges on ADIB Smart Banking account

• Annual fees: AED 0 
• Minimum balance: AED 0 

Eligibility Criteria & Documents Required for ADIB Smart Banking Account

Eligibility

• Minimum monthly income of AED 5,000 per month
• Salaried professional, a business owner, or a partner in a firm, Housewives with Valid Visa and students aged 24 yrs

Documents required

• Original passport
• Emirates ID (for nationals and residents)
• Valid residence Visa
• Banking service agreement

Compare: Zero Balance Accounts in UAE  

4. United Arab Bank Savings Account

UAB savings account offers attractive interest rates linked to the balance held in the account. This account encourages savings in order to earn higher rates of interest. There are many other attractive features that come with this account.

Features and benefits

• Interest earned on the account balance
• Free Debit Card.
• No Maintenance Charge.
• Available in UAE Dirhams and all major international currencies.
• Free e-banking, phone banking, ATMs and cash/cheque deposits machines

Fees and charges for Savings Account

• Minimum balance to maintain: AED 3000
• Minimum amount to open the account: AED 3000
• Monthly fee: AED 0

Eligibility Criteria & Documents Required for United Arab Bank Savings Account

Eligibility

• Both residents & non-resident individuals are eligible and including minors
• Minimum Average Monthly Balance: AED 3,000

Documentation required

• Identification documents such as Emirates Id, visa
• Proof of income if applicable

5. National Bank of Fujairah Max Saver Account

The NBF max saver account is designed for yielding maximum benefit to its customers out of their savings. NBF provides higher profits on the money you save in their account.

Features and benefits

• Can avail in USD and AED currencies.
• An interest rate of up to AED 2.50% p.a. or USD 2.00% per annum (p.a.)
• Interest amount is paid monthly but calculated on daily basis
• Can avail one withdrawal every month without affecting interest.
• One customer can have maximum 2 max saver accounts at NBF.

Fees and charges for NBF MAX Saver Account

• Minimum balance to maintain: AED 0
• Monthly fee: AED 0

Eligibility Criteria & Documents Required for NBF Max Saver Account

Eligibility

• Get access to AED and USD currencies
• Refer bank for more details

Documents required

• Emirates id
• Visa
• Other documents as requested by bank

6. RAKBank 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. 

Features and Benefits

• Interest rate: Upto 0.25% 
• No minimum balance for first 3 months
• 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 

Fees and Charges on RAKBank Fast Saver Account

• Monthly fees: AED 0 
• Annual fees: AED 0 
• Minimum balance: AED 3,000

Eligibility Criteria & Documents Required for RAKBank Savings account

Eligibility

• 18 years and above
• UAE residents and non residents

Documents required

Emirates Id

 7. CBI Saver Account

The CBI saver account provides convenient access to your money along with a facility of withdrawing as many times as you want. CBI credits interest to your account every month and is calculated on your daily balance and activity. Account holders can access their account from anywhere.

Features and benefits

• Available for minors and joint-account holders.
• Free international debit card.
• The account can be opened in AED.
• Interest will be paid on a monthly basis
• No limit on a number of withdrawals
• Interest rate up to 2.10%
• Provides for online banking, phone banking and branch banking

Fees and charges for CBI Saver Account

• Min balance to maintain: AED 3K
• Monthly fee: AED 0
• Account opening fees: AED 0

Eligibility Criteria & Documents Required for CBI Saver Account

Eligibility

• UAE National, Expat or non-resident of the UAE
• Minimum balance requirement

Documents required

• Original passport (with at least 1-month validity)
• Valid Emirates ID & Visa for expats
• Proof of address
• Birth Certificate/passport for children’s applications
• Minimum deposit to open the account

Check Today’s Gold Rate in Dubai

8. Standard Chartered XtraSaver Account 

Standard Chartered XtraSaver Account provides a high-interest rate and easy access to the account. 

Features and Benefits 

• Enjoy high interest rate of 2% p.a on your xtra saver account
• Can get access to online and mobile banking facilities 
• Can access the account in AED and USD 
• Can get free Debit Card 
• Both UAE residents and non-residents are eligible 

Fees and Charges of XtraSaver Account 

• Minimum average balance: AED 0 
• Initial Deposit: AED 3000

Eligibility Criteria & Documents Required for Standard Chartered XtraSaver Account

Eligibility

Minimum Age is 18 years.
Nationality requirement is UAE nationals, residents, and non-residents.

Documents required

• Residents should arrange Passport, Emirates ID, and Resident Visa.
• Non Residents should arrange Passport, Bank Statements, and Address proof.

9. 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 

• Earn up to 1.50% p.a. expected profit exclusively online.
• Get profits every quarterly 
• Enjoy Unlimited online transactions
• No minimum balance requirement in the account 
• Can avail the account in AED and USD 

Fees and Charges of e-Savings account 

• Minimum average balance: AED 0 
• Fall below fee for non-maintenance of Total customer relationship balance: AED 25

Eligibility Criteria & Documents Required for Emirates Islamic e-Savings Account

Eligibility

• You should have a Bank NET ID for an e-Savings Account. Existing customers with Bank NET ID can simply login and open their account.
• New customers can open an Account with EIB and obtain Bank NET ID to open an e-Savings Account.

Documentation required

• No documents are required for existing Emirates Islamic customers for an online banking account.
• New customers can open an Account with EIB and obtain Bank NET ID to open an e-Savings Account.
• Additional documents as requested by the bank

10. FAB iSave Account

FAB provides iSave Account that can be opened online with high benefits and profit rates. 

Features and benefits

• Best savings rates in the UAE
• Earn 5% interest per year on new fund deposits between Feb 1 and 30 April 2023 to 31 January 2025.
• Existing customers can open iSave account using FAB Mobile app or online banking
• Instant account opening facility thru FAB Mobile App or online banking
• No minimum balance requirement
• Account available in AED
• No restrictions on no of withdrawals

Fees and Charges of FAB iSave Account 

• Minimum average balance: AED 0
• Monthly Fees: AED 0
• Cash withdrawals fee: AED 0

Eligibility Criteria & Documents Required for FAB iSave Account

Eligibility

• Eligibility is calculated on the average monthly balance
• Minimum 18 years of age

Documents required

• Emirates ID/ passport or resident visa
• Application form
• Income proof certificate

11. HSBC Term Deposit Account

Features and benefits

• Fixed Interest rate up to 2.50% per annum, payable upon maturity.
• Term Deposit account is available in AED, USD or GBP.
• Low Minimum Deposit requirement AED 10,000 or USD/GBP 5,000.
• You can Choose to reinvest both principal and interest on maturity.
• Free online banking, phone banking, mobile banking and text message alerts.
• Choice of terms Starting from 1 month and up to 36 months

Fees and Charges of HSBC Term Deposit Account

• Minimum average balance: AED 10000
• Account opening fees: AED 0
• Service fee: AED 0
• Account closure fee: AED 105
• Standing instructions: AED 50 per instruction
• Stop payment Instruction: AED 50
• International cash withdrawal: AED 50

Eligibility Criteria & Documents Required for HSBC Term Deposit Account

Eligibility

• Minimum average balance: AED 10,000
• Minimum 18 years of age
• Other requirements as prescribed by the bank

Documentation required

• Passport, Residence visa of the Expats
• Emirates ID
• Proof of residency in the UAE

12.  Emirates NBD Tiered Savings Account

Features and benefits

• The More you Save, the more you earn
• Available in AED, USD and SAR
• Interest rates of up to 0.50%
• Free Debit Card in AED only
• Partial withdrawal available
• No premature withdrawal
• Interest payout is on monthly basis
• Applicable for salaried, non salaried and self employed
• Interest rates 0.25% to 0.50%
• Minimum monthly avg balance AED 3000

Fees and Charges of Emirates NBD Tiered Savings Account

• Account opening fees: AED 0
• Dormant Account charges: AED 0
• Account closure fee: AED 105
• Non Maintenance of Balance: AED 26.25 per month
• Set up Standing Instructions: AED 52.50
• International ATMs cash withdrawal fee: AED 21
• Debit Card Annual fees: AED 0

Eligibility Criteria & Documents Required for Emirates NBD Tiered Savings Account

Eligibility

• Minimum Monthly Average Balance- AED 3,000
• UAE Resident Individuals including Joint Account Holders, Non-resident Individuals including Joint Account Holders, Minors

Documentation required

• Passport, Residence visa of the Expats
• Emirates ID
• Proof of residency in the UAE
• Other documents as required by bank

These were only a handful of high yielding favorable best savings accounts in UAE, there are more in the market available based on one’s requirement. All charges and rates come with terms and conditions attached. Open a savings account only after good study on it. Always ensure you are aware of every single charge and fee, and all attached terms and conditions before opening an account.