Last Updated on 15 December 2025
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FAB Fixed Deposits
Fixed Deposits
Features
- Available in multiple currencies: AED, USD, GBP, EUR, AUD, CAD, JPY, and CHF.
- Flexible tenures from 7 days to 12 months, suitable for short- and medium-term savings.
- Minimum deposit of AED 5,000, USD 1,500, or equivalent in other supported currencies.
- Interest rate is fixed at the time of booking and paid on maturity.
- Available for UAE residents and non-residents.
- Open to both salaried and non-salaried individuals.
- Joint Fixed Deposit option available.
- Funds are held securely with capital protection.
- Deposit must be linked to an existing FAB Current, Savings, or Call Account.
- Premature withdrawal fee: AED 100 per request.
- No interest is paid if the deposit is withdrawn within the first 7 days.
- If withdrawn after 7 days but before maturity:
- Interest is paid at 50% of the published interest slab rate applicable on the booking date.
- Interest is calculated based on the actual number of days the deposit was maintained.
- Partial withdrawals are not allowed.
- Early withdrawal is permitted only at the bank’s discretion.
Required Documents
- An existing FAB account (current, savings or call account) is mandatory.
- A completed Fixed Deposit application form.
- Valid identification such as passport, Emirates ID, or residence visa (originals required for verification).
- Additional documents may be requested based on individual cases.
- Open to UAE residents and non-residents.
- Available to both salaried and non-salaried individuals.
Main Benefits
- Earn higher interest rates compared to regular savings accounts.
- Predictable returns with fixed interest and defined tenure.
- Multi-currency option helps manage foreign currency savings efficiently.
- Wide range of tenures allows alignment with personal financial goals.
- Suitable for conservative investors seeking low-risk, stable returns.
- Joint ownership option supports family or shared savings planning.
Frequently Asked Questions
Q. What is the minimum amount required to open a FAB Fixed Deposit?
A. You need a minimum of AED 5,000, USD 1,500, or an equivalent amount in another supported currency.
Q. What tenures are available for FAB Fixed Deposits?
A. Tenures range from 7 days, 14 days, 1 month, 2 months, 3 months, 6 months, 9 months, up to 12 months.
Q. When is interest paid on the Fixed Deposit?
A. Interest is paid on maturity, based on the rate agreed at the time of booking.
Q. Can I withdraw my Fixed Deposit before maturity?
A. Yes, full premature withdrawal may be allowed at the bank’s discretion. Partial withdrawals are not permitted.
Q. What happens if I withdraw the deposit early?
A. An AED 100 fee applies. If withdrawn after 7 days, interest is paid at 50% of the published rate for the actual holding period.
Q. Do I earn interest if I withdraw within 7 days?
A. No. Deposits withdrawn within the first 7 days earn no interest.
Q. Who can open a FAB Fixed Deposit account?
A. UAE residents and non-residents, both salaried and non-salaried, provided they hold an existing FAB account.
Q. Are FAB Fixed Deposits safe?
A. Yes. They offer capital protection and predictable returns, making them a low-risk savings option.
FAB
First Abu Dhabi Bank (FAB) is one of the largest banking institutions established in 2017 and is a merger of NBAD and FGB. FAB offers tailor made solutions, products and services to the customers.The international network of FAB is spread over 5 continents providing global relationships, expertise and financial strength to local and international business. FAB offers its diversifying services by having differentiation, agility and innovation as their main motto and vision
Get in touch with FAB Customer Care