UAE Savings & Fixed Deposit Rates Compared — Weekly Reference (AED)
- Jun 1
- 7 min read
Updated: 12 hours ago
Dubai's savings and fixed-deposit market remains one of the most competitive in the world for expats in mid-2026. With the UAE Central Bank (CBUAE) holding its policy rate steady, UAE banks are locked in a salary-transfer battle — with top instant-access rates touching 6.25% and the best Islamic fixed deposit at 4.50% for a 12-month tenor. This page is refreshed weekly with rates pulled from official bank pages and verified against two independent comparison aggregators.
As of 15 June 2026, the headline leaders are Mashreq NEO PLUS Saver at 6.25% p.a. (salary transfer required) and RAKislamic at 6.50% p.a. (welcome promo, expires 30 June 2026). On fixed deposits, Dubai Islamic Bank's 12-month Monthly Profit Wakala leads at 4.50%. All rates below are indicative — confirm directly with the bank before acting.
Savings Accounts — Rates as of 15 June 2026
Rates as of 15 June 2026 — indicative, change frequently, verify directly with the bank.
Bank | Product | Type | Best Rate | Access | Min Balance | Key Conditions |
Mashreq | NEO PLUS Saver | Conventional | 6.25% p.a. | Flexible (max 2 debits/mo) | AED 50,000 avg | Salary ≥AED 10,000/mo to Mashreq. No promo end date — ongoing product rate. |
RAKislamic | Islamic Savings | Islamic (Mudaraba) | 6.50% p.a. (promo) | Instant | None | Welcome bonus for new accounts. Promo expires 30 Jun 2026. |
RAKBank | Standard Savings | Conventional | 6.25% p.a. (promo) | Instant | None | Welcome bonus for new accounts. Promo expires 30 Jun 2026. |
Wio Bank | Salary Plan – 1M Fixed Space | Conventional | 6.00% p.a. | 1-month fixed (auto-renew) | AED 35,000 avg | Salary ≥AED 15,000/mo to Wio. Also: Flexible Space at 3.25% (no conditions). |
Emirates Islamic | e-Savings Account | Islamic (Wakala) | 5.00% p.a. (promo) | Instant | AED 50,000 new money | Balance must increase by ≥AED 50k. Promo expires 31 Jul 2026. App/online only. |
Emirates NBD | Plus Saver (promo) | Conventional | Up to 5.00% p.a. | Instant (max 5 withdrawals/mo) | AED 1,000,000+ | Bonus applies to net new money above prior balance. Promo ends 30 Jun 2026. |
ADCB | Super Saver | Conventional | 4.50–5.00% p.a. | Instant | AED 50,000 new funds | New external money only (above Oct 2025 benchmark). No salary transfer needed. No promo end date. |
FAB | iSave Account | Conventional | 4.00% p.a. (promo) | Instant, unlimited | None | New funds only. Promo ends 30 Jun 2026. UAE residents with Emirates ID only. |
Liv. (ENBD group) | Goal Account | Conventional | 4.00% p.a. | Instant | None (max AED 500k) | Requires salary transfer to Liv current account. |
HSBC UAE | Regular Savings (bonus) | Conventional | 3.00% bonus + base | Instant | AED 10,000 new money | Bonus on ≥AED 10k new funds; expires 31 Jul 2026. Ongoing E-Saver: 2.00% (AED 5M+). |
ADIB | Ghina Savings | Islamic (Mudaraba) | 0.30% p.a. | Instant | AED 5,000 | Monthly profit + quarterly prize draws (AED 1M grand prize). No salary conditions. |
DIB | Savings Account | Islamic (Mudaraba) | 0.01% p.a. | Instant | Not disclosed | Very low declared rate — DIB's competitive deposit product is the Wakala FD (see table below). |
Fixed Deposits (AED) — Rates as of 15 June 2026
Expected/indicative rates as of 15 June 2026 — Islamic products use 'expected profit rates' (not guaranteed). Verify with the bank or branch before booking.
Bank | Product | Type | Rate (12M AED) | Tenor options | Min Balance | Notes |
DIB | Monthly Profit Payment Wakala | Islamic (Wakala) | 4.50% expected | 3M–60M (best at 12M) | AED 25,000 | Profit paid monthly. Expected rate, not guaranteed. Expat-eligible. |
ADCB | Wakala Deposit (Islamic) | Islamic (Wakala) | 4.25% expected | Term-based | Not stated | Expected profit rate. Confirm current rate via ADCB branch or app. |
DIB | Advance Profit Wakala | Islamic (Wakala) | 4.40% expected | 6M / 12M | AED 25,000 | Profit paid upfront at start of tenor. Expected rate only. |
Mashreq | Fixed Deposit (NEO / Gold) | Conventional | ~3.85% p.a. | 1 week – 2 years | AED 2,500 | Lowest minimum of all banks. Rate from aggregator — confirm via Mashreq Online. |
RAKBank | Fixed Deposit Plus | Conventional | 3.72% p.a. (12–18M) | 7 days – 3 years (best at 3Y: 3.88%) | AED 15,000 | AED 10M max. Fully confirmed on official rate page. Expat-eligible. |
HSBC UAE | Term Deposit (promo) | Conventional | 3.50% p.a. | 3M / 6M / 12M | AED 10,000 | Promotional rate for new funds. Standard rate lower (~2.3–2.9%). Active HSBC account required. |
FAB | Standard Fixed Deposit | Conventional | 3.10–3.20% p.a. | 1M – 12M+ | Not stated | AED 3.20% at 12M on >AED 5M; AED 3.10% on <AED 1M. Also USD/GBP options available. |
Emirates NBD | Fixed Deposit | Conventional | ~2.00% p.a. | 1M – 5Y | AED 10,000 | Aggregator estimate (ENBD rate page restricted). ENBD's Plus Saver is more competitive for liquid savings. |
ADIB | Investment Deposit Account (IDA) | Islamic (Mudaraba) | 0.75% p.a. | 1M – 12M | AED 10,000 | Declared profit rate per ADIB's customer-profit-rates page (Apr 2026). Multi-currency (AED/USD/EUR/GBP). |
How to Read This Table
Conventional accounts pay interest — a fixed or variable percentage of your balance per year. Islamic accounts pay a 'profit rate' or 'expected profit rate' — the structure is Mudaraba (profit-sharing) or Wakala (agency fee), and the rate is declared/expected, not contractually guaranteed, though in practice the declared rate is almost always honoured. Both types are FDIC-equivalent insured up to AED 1 million per depositor under the UAE Central Bank deposit protection scheme.
Salary-transfer rates require your employer to send your monthly salary directly to the bank. If you are self-employed, paid in a foreign currency, or your company uses a different payroll bank, you may only qualify for the base (non-salary) rate. Promo rates marked with an expiry date revert to the standard/base rate once the campaign ends — set a calendar reminder.
For fixed deposits, the tenor is the lock-up period. Early withdrawal typically incurs a penalty — either a reduction to the base rate or forfeiture of interest. Islamic Wakala FDs may allow early termination at a lower expected profit.
Who Each Option Suits
Salaried expat (AED 10k+/mo, wants maximum return) — Mashreq NEO PLUS Saver at 6.25% — ongoing rate, no promo risk. Limit withdrawals to ≤2/month. Runner-up: Wio Salary Plan 1M Fixed Space at 6.00%.
New UAE arrival (building first account) — RAKBank welcome promo at 6.25%/RAKislamic at 6.50% — no minimum balance, but note both expire 30 Jun 2026. Then switch to Mashreq NEO PLUS if salary meets the threshold.
Parking a lump sum (AED 50k+, no salary transfer) — ADCB Super Saver at 4.50–5.00% on new external money. No salary condition. No promo expiry disclosed.
Islamic-compliant savings — Emirates Islamic e-Savings at 5.00% profit (promo to 31 Jul 2026) with AED 50k new money. For FDs: DIB Monthly Profit Wakala at 4.50% (12M, AED 25k min).
Short-term fixed deposit (flexible minimum) — Mashreq FD from AED 2,500 minimum. RAKBank FD Plus from AED 15,000. Both offer tenors from 1 week / 7 days.
Long-term fixed deposit (3Y+) — RAKBank FD Plus at 3.88% for 3 years — fully confirmed on the official rate page.
What Changes the Rate
Salary transfer — The biggest lever. Moving your payroll to Mashreq or Wio can add 1–3 percentage points over the base/no-salary rate. If your company payroll is fixed, factor this in before switching.
Balance tier — Most banks pay more on larger balances. ENBD's Plus Saver pays progressively more above AED 100k, 1M, 3M, and 10M. HSBC E-Saver reaches 2.00% only at AED 5M+.
New vs existing money — Promo rates almost always apply to 'net new money' — funds transferred in above your base date balance. Moving money from one account to another at the same bank rarely qualifies.
Tenor (for FDs) — Longer tenors often pay more — RAKBank FD Plus rises from 3.46% (1–3M) to 3.88% (3Y). DIB Wakala peaks at 12M (4.50%), then declines for longer tenors.
Islamic vs conventional — Islamic profit rates and conventional interest rates are broadly comparable in 2026, but the best Islamic FD (DIB Wakala 4.50%) beats most conventional 12M FDs. Choose on principle and product suitability, not rate alone.
EIBOR / US Fed rate cycle — The dirham is pegged to the USD, so UAE deposit rates broadly follow US Federal Reserve cycles. As the Fed holds or cuts, UAE promotional rates may adjust — especially floating-rate products.
Frequently Asked Questions
Are these rates available to expats and non-residents?
All products in the table above are available to UAE residents (expats included) with a valid Emirates ID. FAB iSave explicitly excludes non-residents. Emirates Islamic's non-resident Flexi term deposit is available to non-residents, but the e-Savings promo is for residents only. If you are not yet in the UAE, open an account after arriving and receiving your Emirates ID.
How safe are UAE bank deposits?
The UAE Central Bank (CBUAE) operates a deposit protection scheme covering AED 1 million per depositor per bank. All major banks in this table are licensed and regulated by the CBUAE. Islamic banks are additionally supervised for Shariah compliance. This page does not rank banks by financial strength — check CBUAE's published supervised entities list for your bank's current standing.
What happens when a promo rate expires?
Your rate reverts to the bank's standard/base rate for that product, which can be significantly lower — FAB iSave, for example, drops from 4.00% to roughly 2.46–3.25% after 30 June 2026. Banks are not required to notify you proactively in all cases. Set a reminder one week before any promo expiry date, review the market (this page), and either renegotiate or move funds to the current market leader.
Is a salary-transfer account worth it if my salary is below AED 10,000?
Below the salary threshold, the salary-transfer bonus does not apply. Your best no-conditions options as of June 2026 are: ADCB Super Saver (4.50–5.00% on new external money, AED 50k min) or Wio Flexible Saving Space (3.25%, no minimum). FAB iSave (4.00%, no minimum) is competitive but its promo ends 30 June 2026.
Where does gold fit into a UAE savings strategy?
Some UAE residents diversify a portion of savings into physical gold from the Dubai Gold Souk or gold savings accounts. For live retail bullion quotes, see our Dubai gold and currency rates page — and the Gold Souk buying guide. Gold is not a deposit and carries price risk — those pages are also illustrative, not financial advice.
Sources & Compliance
Rates as of 15 June 2026. Primary sources: Mashreq NEO PLUS Saver; RAKBank Fixed Deposit Plus; FAB FD rates; DIB Monthly Profit Wakala; HSBC Term Deposit; Emirates Islamic e-Savings promo; Wio Bank Salary Plan; ADIB customer profit rates. Cross-checked against StashAway UAE savings comparison and YallaCompare savings.
Rates are indicative and change frequently — confirm directly with the bank before acting. Islamic profit rates are expected, not guaranteed. This page describes products available in the UAE; it is not financial advice. Verify all figures on each bank's own channels as of your deposit date.
— Angel Tyagi, Creator of Angel In Dubai. Page refreshed 15 June 2026.
Not sponsored. No bank has paid for placement in this comparison. Rates and access terms may change — verify directly with each bank before acting.
Cover: DIFC skyline via Wikimedia Commons (CC BY-SA). Inline: Dubai city night by PhotoHound, Sheikh Zayed Rd by Darcey Beau, calculator by Towfiqu barbhuiya — all via Unsplash (Unsplash License). Representative images — not a specific bank branch.
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