Want to jump straight to the answer? The best bank account in the UAE is Emirates NBD Standard Savings Account.

UAE is a great country and it’s even greater if you can get the part of opening an elite saving account right. Your monthly bills, holiday trips, and god knows how many types of expenses you have to deal with, and in the midst of all of this- a hectic and not easy to manage bank account would be the last thing you’d ever want.

The top savings accounts in the UAE emphasize financial discipline and assist you in rapidly growing your money. These bank accounts provide enticing interest rates, which help to boost overall savings.

(Want to jump straight to the answer? The best bank account in the UAE is Emirates NBD Standard Savings Account.)

In this piece, we’ve compiled a list of the finest bank accounts in the UAE that you should consider creating if you want to boost your savings while still earning a decent rate of interest.

Here are the best saving accounts in UAE.

1. Emirates NBD Standard Savings Account

The interest rate on the Emirates NBD Standard Savings account seems to be very high. It’s exclusively accessible in UAE dirhams and comes with a slew of account advantages. The Emirates NBD savings account is one of the best savings accounts in the UAE.


  • You can use the online banking service.
  • There is a phone banking option available.
  • There is a free worldwide debit card available.
  • It is simple to pay bills.
  • Rate of interest: 0.20 percent per annum
  • Local and international remittances are both free.
  • AED 3000 is the minimum balance to keep.
  • AED 0 (no annual charge)
  • AED 0 to open an account

2. HSBC Term Deposit Account

One of the greatest savings accounts in the UAE is the HSBC Term Deposit Account. The bank account allows bank users to invest both the capital and interest collected in order to build their savings.

The HSBC Term Deposit Account allows account users to access account information using electronic banking channels such as internet banking, mobile banking, and so on. The nicest thing about the bank account is that it has a wide range of term options and higher interest rates.


  • Rate of interest: up to 3% each year
  • Interest rate: up to 0.43 percent per month (for the accounts with a balance of less than AED 150k)
  • Available in the following currencies: AED, USD, and GBP
  • Online Banking is completely free.
  • Mobile Banking is completely free.
  • SMS alerts are completely free.
  • Excellent for maximizing profits.
  • AED 10,000 is the required minimum deposit.
  • Help and assistance with banking are available 24 hours a day, seven days a week.

3. ADCB Active Saver Account

The ADCB Active Saver Account has basic features that allow account members to better manage their funds. The savings account has a simple application process. In only a few clicks, anyone over the age of 21 can open an ADCB Active Saver Account online. They can open a savings account by logging into their Internet Banking account and requesting it without having to fill out any additional paperwork.


  • Interest is calculated on a daily basis, and there are several interest rates to choose from.
  • Money can be sent quickly and easily via internet banking.
  • ADCB Personal Internet Banking allows you to create up to 5 Active Saver Accounts.
  • Available in the following currencies: AED, GBP, and USD
  • Earn touchpoints and then redeem them for things like shopping, dining, and entertainment.
  • The interest rate is paid monthly.
  • Rate of interest: Up to 0.68 percent
  • AED 0 (no annual charge)
  • AED 0 is the minimum balance.
  • If your salary is not transferred, you will be charged a monthly cost of AED 25.

4. ADIB Smart Banking Account

ADIB has a variety of accounts to choose from. One of the better accounts is the ADIB Smart Banking account. It’s a nil account in the UAE that comes with a lot of perks for the account holder. This account is open to all UAE residents above the age of 18.


  • It is possible to profit from the account balance.
  • Earn money by transferring your salary.
  • Get dining and lifestyle deals.
  • Withdraw money without a credit card
  • Free international and local remittances are available, as well as a free debit card.
  • An account with no balance
  • Even students and stay-at-home moms are eligible.
  • AED 0 in annual fees
  • AED 0 is the minimum balance.

 5. United Arab Bank Ultra Savings Account

Unlike a traditional savings account, where interest is given at the same rate on all balances, the UAB Ultra savings account provides tiered interest rates based on the current balance. This account encourages more people to save in order to collect higher interest. This account also comes with a slew of additional appealing features.


  • On the bank account, interest is earned.
  • Withdrawals are unlimited.
  • Debit Card for Free
  • There is no charge for maintenance.
  • AED 3000 is the minimum balance to keep.
  • AED 3000 is the minimum amount required to start an account.
  • AED 0 (monthly charge)

5. National Bank of Fujairah Max Saver Account

The NBF max saver account is intended to help consumers get the most out of their money. The money you save in NBF’s account earns you more money.


  • Available in US dollars and UAE dirhams.
  • Rate of interest: up to 1%
  • The interest is paid monthly, however, it is calculated on a daily basis.
  • One withdrawal per month is allowed without impacting interest.
  • At NBF, a customer can have a maximum of two max saver accounts.
  • AED 0 is the minimum balance to keep.
  • AED 0 (monthly charge)

6. FAB’s iSave Electronic Account

FAB’s iSave Electronic Account was created with individual consumers in mind. The FAB’s iSave Electronic Account provides better interest rates than other savings accounts.

Existing FAB account users can use electronic banking to open an iSave Electronic Account right away. The bank account’s best feature is that it allows for unrestricted withdrawals with no minimum balance requirements.


  • Accounts are only accessible in AED.
  • Maintaining a low minimum balance
  • The monthly interest is computed.
  • Interest is paid out every month.
  • With the account, you get a free debit card.
  • Using the FAB Mobile App or Internet Banking, you can open an account right now.
  • There is no monthly cost.
  • Rate of interest: up to 3% per annum

7. RAKBank Savings Account

RAKBank offers a variety of savings accounts. The RAKBank Savings account has no minimum balance requirement and comes with a variety of features as well as cheap fees and penalties.


  • Rate of interest: up to 0.25 percent
  • A free debit card is available.
  • An account with no balance.
  • Each month, you can make one cash withdrawal or five utility bill payments.
  • You can pay your utility bills for free and without any additional fees.
  • Fees: AED 0 per month, AED 0 per year.

8. Mashreq Set up Saver Account

Mashreq Set up Saver Account provides account holders with a comprehensive set of banking services. Depending on the value in the account, the bank account offers various prizes and additional privileges.

Mashreq’s Saver Account encourages saves while also allowing account holders to receive larger returns in a short period of time.


  • On maturity or liquidation, interest is credited.
  • Step increase Saver’s 18-month term
  • The account is only available in UAE dirhams (AED).
  • There is no chequebook.
  • Salaam Rewards Are Simple
  • Up to 10,000 Salaam points are available as a bonus.
  • AED 10,000 is the minimum balance and initial deposit.
  • Existing customers can open a new account. Take a stand. Online Savings Account
  • AED 5,000 is the minimum wage required.
  • The interest rate is 2% each year.

10. CBI Saver Account

The CBI saver account gives you easy access to your money and allows you to withdraw it as often as you wish. Every month, CBI adds interest to your account, which is computed based on your daily balance and activity. Account-holders can log in to their accounts from any location.


  • Minors and joint-account holders can use it.
  • A free overseas debit card is available.
  • AED can be used to open the account.
  • Monthly interest payments will be made.
  • There is no limit to the number of withdrawals you can make.
  • Interest rates as high as 1.70 percent are possible.
  • AED 3000 is the minimum balance to maintain.
  • AED 0 (monthly charge)
  • Fees for creating an account: AED 0

Types Of Bank Accounts In UAE

Just like other countries, UAE comes with a multitude of bank account options.

Savings accounts

Inquire about a savings account if you want your cash to work for you. These accounts often pay greater interest rates than current accounts, but they may have limited access to money and withdrawal penalties. Fixed or variable interest rates are available on savings accounts. You have the option of having them denominated in dirhams, US dollars, euros, or British pounds sterling.

Offshore accounts

Anyone in the UAE who has a valid residency visa can create an offshore bank account to import and export earnings. Offshore banking is usually regarded as solid, safe, and trustworthy, and many offshore accounts offer distinct financial and legal benefits, such as lower tax rates.

Asset protection, private bank accounts, financial advisory, portfolio management, tax consulting, legacy planning, and company creation are all examples of offshore banking in the UAE.

Investment accounts

Investment services are also available from banks in the UAE. After completing a memorandum of understanding with the bank, you can open an investment account. These contracts can last anything from a few months to five or ten years or more. These agreements cover the management of your funds and guarantee a minimum annual return of 3 to 7% or higher. Minimum investment balances, on the other hand, differ from one bank to the next.

Current accounts

These are ideal for day-to-day transfers and transactions. They also include chequebooks, which you’ll need to send your landlord post-dated rent cheques. Banks in the UAE typically provide two types of current accounts: those that allow salary transfers and those that do not. If you’re employed, it’s a good idea to create an account with the bankers who serve your firm. This is to ensure that you receive your salary as quickly as possible after it has been transferred. Transfers to another bank may take a day or two longer.

What Are The Requirements To Open An Account In UAE?

Everything you need to know about opening a bank account in the United Arab Emirates.

  • Original passport with an expiration date of at least three months.
  • a duplicate of your visa page (a valid residency visa)
  • A salary certificate (NOC) from the employer or sponsor, stating that the monthly wage is at least AED 3599.
  • A genuine Emirates identification card.


UAE is one of the biggest countries in the world in terms of financial stability and has some great options for banking. Once you open a bank account here, which can be hard to choose from because of so many great options. 

You can make your own pros and cons list to get a better idea of which bank you should go for.

If you have a list of preferences in which saving time and avoiding spending time in bank buildings is a big no, then pick a bank that has fast services and if your top is filled with the amount of reasonable interest you want on your money, then you can choose accordingly.