UAE Savings & Fixed Deposit Rates Compared — Weekly Reference (AED)
Updated: 6 days ago
Every dirham you park in a UAE bank account earns a different return depending on where you bank, whether your salary lands there, and whether you lock it away for a fixed term. This page is your weekly reference: a consistent peer set of UAE banks and neobanks, refreshed regularly so you can track what's moving.
The move to flag this week: RAKBANK's RAKislamic 'saad' campaign (up to 6.25% p.a. expected bonus profit) is still showing on the bank's page under October terms, with an expiry stated as 30-31 October 2026 — days away, so confirm before acting. Alongside it, Mashreq NEO PLUS Saver (6.25% p.a., salary transfer) and Wio's Salary Plan (6.00%, salary + card spend) are the top conditional rates, while FAB's iSave at 5.60% p.a. on eligible new funds through 31 December needs no salary transfer and no minimum balance. In fixed deposits, DIB's Monthly Profit Payment Wakala tops the table at up to 5.05% expected. All rates are indicative — verify with the bank.
Savings Accounts (AED) — Rates as of 27 October 2026
Rates as of 27 October 2026 — indicative, verify with the bank. Table sorted by best current rate.
Bank | Product | Type | Best Rate | Access | Min Balance | Key Conditions |
RAKBANK | RAKislamic Savings / Advantage — 'saad' campaign | Islamic (Mudaraba) | Up to 6.25% p.a. (expected bonus profit) | Instant | None (first 3 months, Savings) | CORRECTED this cycle: last refresh treated this as lapsed after a 30 Sep expiry, but rakbank.ae now lists October 2026 terms. The page states the expiry inconsistently (30 Oct for Advantage, 31 Oct for Savings, and a headline still reading 30 Sep) — assume it ends within days and confirm with the bank. Advantage: salary transfer can unlock up to AED 4,000 cashback. Expected, not guaranteed. |
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. Ongoing rate, no stated expiry — with RAKBANK's campaign past its 30 Sep expiry, this is now the top ongoing salary rate in the table. Re-checked via Mashreq's NEO PLUS Saver page. 5% for non-salary customers keeping ≥AED 50k; interest paid on balances up to AED 500,000; more than 2 debits in a month forfeits that month's interest. Source: mashreq.com. |
Wio Bank | Salary Plan Fixed Saving Space | Conventional | 6.00% p.a. | Fixed spaces, 1 month | None stated | Re-checked on wio.io/salary-plan: requires salary ≥AED 15,000/mo (or AED 5,000/mo for partner companies) AND AED 5,000+/mo card spend to hold the 6% tier on 1-month Fixed Saving Spaces. Miss either condition and the rate drops. |
FAB | iSave Account | Conventional | 5.60% p.a. (new funds) | Instant, unlimited | None | Re-confirmed on bankfab.com this cycle — 5.60% p.a. on eligible new funds (above your 31 Aug 2026 balance) through 31 Dec 2026, UAE residents with Emirates ID only; fulfilment within 45 days of campaign end. Funds from the earlier campaign keep earning 4%. Outside any promo, standard tiers run 2.465%-3.251%. |
Liv. (Emirates NBD) | Goal Account — salary campaign | Conventional | Up to 6.00% p.a. (6mo) | Instant | None | Requires salary transfer ≥AED 5,000/mo; reward window is 6 months from account opening. Not independently re-verified this cycle — carried forward from the prior refresh. Liv Max subscribers (bal ≥AED 30,000): flat 3.5% ongoing, no salary needed; Classic tier 2.5%. |
Wio Bank | Flexible Saving Space | Conventional | 3.25% p.a. | Instant (no lock-in) | None | No salary condition, no minimum balance, no expiry stated. AED product; USD/EUR/GBP options pay less. |
Emirates NBD | Smart Saver Account | Conventional | Roughly 1.00%-2.00% p.a. (tiered) | Instant | None stated | Materially below the digital-first and campaign accounts in this table — best for linked day-to-day balances, not for maximising yield. Aggregator-sourced (June 2026 comparison), not verified on the bank page — confirm with the bank. |
DIB | Al Islami Savings — standard | Islamic (Mudaraba) | 0.12% p.a. | Instant | AED 1,000 | Not re-checked since the last refresh: the 'Bigger Earnings' salary-transfer campaign (was up to 6.60%) has ENDED — its campaign page now 404s on dib.ae. DIB has reverted to its base standard savings rate. If you moved payroll for that promo, expect your rate to have dropped sharply. |
Fixed Deposits (AED) — Rates as of 27 October 2026
Expected/indicative rates as of 27 October 2026 — Islamic products use 'expected profit rates' (not guaranteed). Verify with the bank or branch before booking. Table sorted by best current rate.
Bank | Product | Type | Rate (p.a.) | Tenor options | Min Deposit | Notes |
DIB | Monthly Profit Payment Wakala | Islamic (Wakala) | 4.25%-5.05% | 3M-60M | AED 25,000 | Top of the FD table: 12M pays 5.05% expected (6M 4.50%, 36M 4.95%, 60M 5.00%). Profit paid monthly. Expected, not guaranteed. Aggregator-sourced (StashAway, as of 14 Oct 2026); dib.ae publishes weightages, not a headline %. |
DIB | Advance Profit Payment Wakala | Islamic (Wakala) | 4.45%-5.00% | 6M / 3Y | AED 25,000 | 6M 4.45%; 3Y with annual payout 5.00%. Expected rate, not guaranteed. StashAway, as of 14 Oct 2026. |
Emirates Islamic | Booster Wakala Deposit | Islamic (Wakala) | Up to 4.50% p.a. (expected) | 1-5 years | AED 25,000 | Read on emiratesislamic.ae this cycle: 1-year tenor pays 4.30% monthly / 4.35% quarterly / 4.40% half-yearly / 4.50% yearly payout; 2-5yr tenors pay 3.00% (AED). Max AED 5 million per booking, AED 10 million per customer. |
RAKBANK | Fixed Deposit Plus | Conventional | 3.88%-4.95% | 1M-24M | AED 15,000 | 12-24M tenors pay about 4.94-4.95%. StashAway, as of 14 Oct 2026 (that source is internally inconsistent on a 36M figure; not used). |
HSBC UAE | Term Deposit — new-funds promo | Conventional | 4.00%-4.25% | 3-12 months | AED 10,000 | Promotional and for new funds only, with eligibility requirements. 3M 4.00% / 6M 4.20% / 12M 4.25%. StashAway, as of 14 Oct 2026. |
FAB | AED Fixed Deposit | Conventional | 3.05%-4.15% | 1 week-12 months | Not stated (rates for deposits up to AED 1M) | 12M 4.15%, 6M 3.70%, 3M 3.52%. StashAway, as of 14 Oct 2026. |
Wio Bank | Fixed Saving Spaces | Conventional | 3.25%-6.00% | 1-12 months | None | Top rate is the 1-month salary-linked space (see savings table conditions); otherwise around 3.25%. |
ADCB | Fixed Deposit | Conventional | 2.00%-4.00% | 1-60 months | AED 5,000 | 4.00% applies to a 2-year deposit with annual payout; most other tenors sit at about 2.00-3.35%. StashAway, as of 14 Oct 2026. |
Mashreq | Fixed Deposit | Conventional | 1.94%-3.19% | 1-24 months | AED 2,500 | 24M 3.19%, 12M 2.96%. Mashreq says rates can change weekly. StashAway, as of 14 Oct 2026. |
Emirates NBD | AED Fixed Deposit | Conventional | 2.15%-2.85% | 1-60 months | AED 10,000 | 12M 2.85%; longer tenors about 2.50%. StashAway, as of 14 Oct 2026 — confirm with a branch. |
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' under a Wakala (agency) or Mudaraba (profit-sharing) structure. The rate is declared or expected, not contractually guaranteed, though declared rates are almost always honoured in practice. Deposit-protection rules differ by bank and product, so check with your bank how your balance is covered.
Salary-transfer rates require your employer to credit your monthly salary directly to that bank. If you're self-employed, paid abroad, or your company payroll sits with a different bank, you'll typically only qualify for the base (non-salary) rate. Promotional rates and their expiry dates can change without much notice — RAKBANK's late-October expiry is a good example — so re-check the bank's own page each time you review this table.
For fixed deposits, the tenor is the lock-up period. Early withdrawal typically pays a reduced base rate or forfeits the profit/interest earned. Islamic Wakala FDs may allow early termination but at a lower expected profit rate.
Who Each Option Suits
Someone chasing the RAKBANK 'saad' promo — The page cites 30-31 October 2026 expiry dates inconsistently — confirm the exact cut-off with RAKBANK directly before moving money for it.
Salaried expat (AED 10k+/mo) wanting the highest ongoing (non-campaign) rate — Mashreq NEO PLUS Saver at 6.25% p.a. — an ongoing rate rather than a time-boxed promo. Keep debits to 2 or fewer a month to stay eligible (verify current terms).
Wio salary-plan customers — Confirm you're hitting both the AED 15,000/mo salary threshold (or AED 5,000 for a partner company) and the AED 5,000/mo card-spend requirement — miss either and your rate drops.
New-to-UAE saver building an emergency fund, no salary transfer — FAB's iSave now pays 5.60% on new funds through 31 December 2026 with no minimum balance and no lock-in — currently the strongest no-conditions option in this table.
Islamic-compliant saver wanting a fixed-term product — Emirates Islamic's Booster Wakala Deposit pays up to 4.50% on a 1-year AED tenor with annual payout (4.30% if paid monthly), or DIB's Monthly/Advance Profit Wakala deposits (up to about 5.0% expected).
Long-term fixed deposit (12-24 months) — RAKBANK FD Plus (about 4.94-4.95% at 12-24 month tenors, per StashAway as of 14 Oct 2026) is the strongest conventional option in this peer set for 1-2 year lock-ins.
What Changes the Rate
Salary transfer — The single biggest lever. Moving payroll to RAKBANK, Mashreq, Wio, or Liv typically adds several percentage points over the no-salary rate.
Campaign expiry dates — Time-boxed promos can lapse or revert with little warning — RAKBANK's late-October expiry and DIB's ended 'Bigger Earnings' campaign are recent examples.
Meeting ongoing conditions — Some 'salary rates' carry extra conditions beyond the transfer itself — Wio's AED 5,000/month card-spend rule is the clearest example.
New vs existing money — Bonus and promotional rates usually apply only to funds transferred in above your prior balance, not money already sitting at that bank — FAB's iSave promo works this way.
Tenor (for FDs) — Longer lock-ins generally pay more — RAKBANK's FD Plus and DIB's Wakala deposits both improve at their longer tenors, while Emirates Islamic's Booster Wakala actually pays best at its shortest (1-year) tenor.
Islamic vs conventional — Islamic profit rates and conventional interest rates are broadly comparable this quarter — choose on principle and product fit, not rate alone.
EIBOR / US Fed rate cycle — The dirham is pegged to the US dollar, so UAE deposit rates broadly track the Fed cycle. Rate holds or cuts filter through to promotional and short-tenor products first.
Frequently Asked Questions
Are these rates available to expats and non-residents?
Most products in this table require UAE residency and a valid Emirates ID. Some banks offer separate non-resident fixed-deposit products at different rates — always confirm your eligibility category with the bank before applying, since resident and non-resident pricing can differ.
How safe are UAE bank deposits?
All banks in this table are licensed and regulated by the UAE Central Bank (CBUAE), and Islamic banks are additionally supervised for Shariah compliance. This page does not rank banks by financial strength, and we have not verified how any deposit is protected — ask your bank directly, and check CBUAE's published list of supervised entities for a bank's current standing.
Why did DIB's savings rate suddenly drop?
DIB's 'Bigger Earnings' campaign (up to 6.60% for new salary-transfer customers) was always a time-boxed promotion running to 31 August 2026. It has now ended — the campaign page is no longer live on dib.ae — and accounts have reverted to the bank's standard 0.12% savings rate. This is a useful reminder that promotional rates are temporary by design.
What's the best no-conditions savings account right now?
For no salary transfer and no minimum balance, FAB's iSave account is the strongest pick we found at 5.60% p.a. on new funds through 31 December 2026 — a sharp step up from its previous 4.00% flat rate. Wio's Flexible Saving Space (3.25%, no conditions at all) remains the steadiest no-strings option.
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 illustrative, not financial advice.
Sources & Compliance
Rates as of 27 October 2026. Primary sources checked this cycle: RAKislamic Savings & Advantage 'saad' campaign; FAB iSave Account; Emirates Islamic Booster Wakala Deposit; Wio Bank salary plan; Mashreq NEO PLUS Saver. Cross-checked comparison data: StashAway UAE Fixed Deposit / Savings Rates comparisons. Fixed-deposit rates for DIB, RAKBANK, HSBC, FAB, ADCB, Mashreq and Emirates NBD come from the StashAway comparison dated 14 October 2026 (an aggregator, not the banks' own pages); Emirates Islamic's rates were read on the bank's page. Liv's salary campaign, DIB's standard savings rate and Emirates NBD's Smart Saver were carried forward and not re-verified this cycle.
Rates are indicative and change frequently — confirm directly with the bank before acting. Islamic profit rates are expected, not guaranteed. Promotional rates and their conditions can change or expire without much notice — verify current terms with your bank before moving funds or switching payroll. This page describes financial 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 27 October 2026.
This content is for informational purposes only and does not constitute financial advice.
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: gold bullion — representative of UAE savings and wealth topics. Inline: Dubai city night by PhotoHound, Sheikh Zayed Rd by Darcey Beau, calculator by Towfiqu barbhuiya — all via Unsplash (Unsplash License).
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