Dubai 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 saving accounts for your consideration

Compare: Zero Balance Accounts in UAE 

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 UAE. 

Features and benefits

  • Can avail online banking facility
  • Phone banking facility is provided
  • Free international debit card is provided
  • Can make bill payments

Fees and charges for Standard Savings account

  • Interest rate 0.25% p.a.
  • Minimum balance to maintain AED 3000
  • Annual fee AED 0
  • Monthly fee AED 25

2. ADCB Active Saver Account

It is one of the easiest savings account in terms of opening procedure. The active saver account can be opened online and requires very less documentation.

Features and benefits

  • Interest is calculated daily, and with tiered interest rates.
  • Easy transfer of money through online banking.
  • You can setup up to 5 Active Saver Accounts through ADCB Personal Internet Banking.
  • Can avail in AED and USD
  • Can pay bills online
  • Earn touchpoints and redeem those
  • Interest rate is paid on monthly basis

Fees and charges for Active Saver Account

  • Interest rate up to 2%
  • Annual fee AED 0
  • Minimum balance AED 0
  • Monthly fee AED 0

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 

Fees and charges on ADIB Smart Banking account

  • 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 up to 3% P.A paid on monthly basis.
  • Unlimited withdrawals.
  • Free Debit Card.
  • Low Account Opening Amount.
  • No Maintenance Charge.

Fees and charges for Ultra Savings Account

  • Interest rate up to 3%
  • Minimum balance to maintain AED 3000
  • Monthly fee AED 0

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. With a higher yield for surplus funds and easy access to your savings, an NBF saving account will surely help you make the most of your saved money.

Features and benefits

  • Access to AED and USD currencies.
  • An interest rate of up to AED 2% p.a. or USD 1% p.a.
  • Interest is calculated on the daily balance and paid monthly.
  • The flexibility of one withdrawal every month without affecting interest.
  • Up to two NBF Max Saver accounts per customer.

Fees and charges for NBF MAX Saver Account

  • Interest rate up to 2%
  • Minimum balance to maintain AED 0
  • Monthly fee AED 0
  • Currency account available

6. RAKBank FastSaver account 

RAKBank provides different savings accounts. RAKBank Fast Saver account is a zero balance account that is offered with a good range of benefits and low fees and charges. 

Features and Benefits

  • Can get up to 1.75% interest rate
  • Free debit card is provided 
  • Zero balance account 
  •  Free cash withdrawal can be availed 
  • 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 

 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

  • AED 3,000 minimum balance maintenance required.
  • 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.

Fees and charges for CBI Saver Account

  • Interest rate up to 1.75%
  • Min balance to maintain AED 3K
  • Monthly fee AED 0

These were only a handful of high yielding favorable savings account, 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.

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Hemanta Bijoy
Hemanta Bijoy Kaushik is a personal finance writer. Discovering his love for writing, he has written a number of blogs on personal finances and other genres on various digital media platforms. He has completed his MBA from IMT and currently working at HDFC bank as Personal Banker. When he's not writing, you can find him exploring different cuisines and binge-watching TV series. Hemanta hopes to write a novel soon. You can check out his work on