Savings Account UAE: Rates and Minimum Balance by Bank
Savings account rates and minimum balance terms at UAE banks, read from each bank's own website on 8 November 2026.
What savings account rates do UAE banks pay?
On 8 November 2026, savings accounts with no minimum balance paid: Liv Goal Max (3.50% interest); Wio Saving Space (3.00% interest); HSBC UAE E-Saver (0.20%–2.00% interest); RAKBANK Savings Account (0.25% interest). The CBUAE Base Rate is 3.90%.
Savings accounts with no minimum balance
| Bank | Account | Rate | Minimum balance | Conditions |
|---|---|---|---|---|
| Liv | Goal Max | 3.50% interest | AED 0 | Liv Goal Max savings goal |
| Wio | Saving Space | 3.00% interest | AED 0 | Saving Space |
| HSBC UAE | E-Saver | 0.20%–2.00% interest | AED 0 | Rate depends on balance tier (0.20%–2.00%) |
| RAKBANK | Savings Account | 0.25% interest | AED 0 | No minimum balance for the first 3 months |
Accounts with a minimum balance
| Bank | Account | Minimum balance | Fall-below fee |
|---|---|---|---|
| Emirates NBD | Account with minimum balance | AED 3,000 | AED 26.25 |
| Mashreq | Mashreq NEO account | AED 3,000 | — |
Benchmark: CBUAE Base Rate
The CBUAE Base Rate is 3.90%, effective 17 September 2026 and maintained on 28 October 2026. CBUAE announcement
Sources (official bank pages)
Frequently Asked Questions
Which UAE savings accounts have no minimum balance?↓
On 8 November 2026: Liv Goal Max (3.50% interest); Wio Saving Space (3.00% interest); HSBC UAE E-Saver (0.20%–2.00% interest); RAKBANK Savings Account (0.25% interest).
Is a savings account or a fixed deposit better in UAE?↓
A savings account keeps your money available at a variable rate; a fixed deposit locks it for a term at a fixed rate. Compare both with the published 12-month fixed deposit rates on our UAE FD rates page.
Which banks charge a fee below the minimum balance?↓
On 8 November 2026: Emirates NBD: minimum AED 3,000, fall-below fee AED 26.25; Mashreq: minimum AED 3,000.