10 Best Savings Accounts in Dubai, UAE – 2024

By: Bankbychoice.com0 comments

Looking for the best savings account in UAE? The UAE has a significant number of banks that provide savings accounts with competitive interest rates and simple requirements. Though this gives us a variety of alternatives, it can be difficult to predict which account will bear the sweeter fruits in the future.

We have listed the best savings accounts in UAE and Dubai that you can open if you want to increase your savings and earn reasonable interest on them. Keeping your money in the best savings accounts in dubai can also yield a good return.

To help you with this confusion, the table below lists a few of the best savings accounts in UAE for your consideration

Account Name Minimum Balance Profit Rate
Emirates NBD Standard Savings AccountAED 30000.20%
Mashreq Basic Savings AccountAED 30000.15%
ADIB Smart Banking AccountAED 0 On every dirham in account
United Arab Bank Ultra Savings AccountAED 3000
National Bank of Fujairah Max Saver AccountAED 0 1%
CBI Saver AccountAED 3000 2.10%
Standard Chartered XtraSaver AccountAED 0 0.60%
Emirates Islamic e-Savings AccountAED 0 1%
FAB Personal Savings AccountAED 3000Varies

1. Emirates NBD Standard Savings Account

The Emirates NBD Standard Savings account pays a high rate of interest. It is only available in UAE currency and comes with a lot of account benefits. One of the greatest savings accounts in the UAE is the Emirates NBD savings account.

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

2. Mashreq Basic Savings Account

Mashreq Bank provides Basic Savings Account with high benefits and profit rates.

Key Features and Benefits

  • Get 0.15% profit on the balance maintained in the account
  • Can open the account online instantly
  • Can avail the account in AED and USD
  • Get profits every 6 months
  • Get free Mashreq debit card
  • Free 6 manned transactions per month
  • Both UAE residents and non-residents can apply

Fee & Charges

  • Initial deposit: AED 3000
  • Minimum balance: AED 3000
  • Fall below fee for non-maintenance of Total customer relationship balance: AED 25

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
  • Earn rewards on salary transfer
  • Get discounts on dining and lifestyle
  • Withdraw cash without a card
  • Can avail international and domestic remittance for free
  • Free debit card is provided
  • Zero balance account
  • Even students and housewives are eligible
  • Annual fees: AED 0
  • Minimum balance: AED 0

4. United Arab Bank Ultra Savings Account

UAB Ultra savings account offers tiered interest rates linked to the balance held in the account, unlike a normal savings account where the interest is paid at the same rate for all balances. 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
  • Unlimited withdrawals.
  • Free Debit Card.
  • No Maintenance Charge.
  • Minimum balance to maintain: AED 3000
  • Minimum amount to open the account: AED 3000
  • Monthly fee: AED 0
cashback credit card in UAE

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.
  • Interest rate: Upto 1%
  • 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
  • Minimum balance to maintain: AED 0
  • Monthly fee: AED 0

 6. 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 1.70%
  • Min balance to maintain: AED 3K
  • Monthly fee: AED 0
  • Account opening fees: AED 0

7. Standard Chartered XtraSaver Account 

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

Features and Benefits

  • Get up to 0.6% (p.a) as profit rate
  • 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
  • Minimum average balance: AED 0
  • Initial Deposit: AED 3000

8. 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

  • Get up to 1% profit on the balance maintained in the account
  • Get profits every quarterly
  • No limitations on the transactions monthly
  • No minimum balance requirement in the account
  • Can avail the account in AED and USD
  • Minimum average balance: AED 0
  • Fall below fee for non-maintenance of Total customer relationship balance: AED 25

9. FAB Personal Savings Account

FAB offers Personal Savings Accounts with high benefits and profit rates that can be opened online.

Features and Benefits

  • Profit on the account balance
  • Minimum balance: AED 3000
  • Free FAB Mastercard Debit Card
  • Get free access to airport lounges.
  • Can avail the account in AED and USD
  • Residents and non-residents of the UAE are both eligible to apply.

These are just a few of the high-yielding, favorable best savings accounts in Dubai; there are many more on the market depending on one’s needs. There are terms and conditions associated to all charges and rates. Only after thorough research should you open a savings account. You can find multiple savings accounts in UAE with different features and benefits offered by the banks. Before opening an account, make sure you understand every charge and fee, as well as any associated terms and conditions.

FAQ’s:

Q1: Can I open a savings account in the UAE?

Ans: Yes, you can easily open up a savings account in UAE through online or by visiting the bank branch


Q2: How can I open a savings account in UAE?

Ans: To open a Savings Account in UAE, you can either apply through online or visit the nearest branch of your preferred bank


Q3: Which bank account is free in UAE?

Ans: Emirates NBD Liv


Q4: Which bank gives the highest interest rate in UAE?

Ans: The Emirates NBD Standard Savings account pays a high interest rate. Emirates NBD savings account is one of the best savings accounts in the UAE.


Q5: Which saving account is the best in Dubai?


1.Emirates NBD Smart Saver Account.
2. ADCB Active Saver Account.
3. CBI eSaver Account.
4. HSBC Term Deposit Account.
5. Standard Chartered XtraSaver Account.Quick Apply:

Quick Apply:

You may fill in the form below to open a savings account online in UAE

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