Top 10 Banks in the UAE: Your Guide for 2025

The United Arab Emirates (UAE) is a leading financial hub in the Middle East, with 20 national banks (commercial & islamic) and 28 foreign banks catering to a diverse range of customers, including residents, expatriates, and businesses. The country's banking sector is characterized by its mix of conventional banks and Islamic financial institutions, offering a wide variety of banking products tailored to different needs.

Given the high demand for digital banking, expat-friendly financial services, and Shariah-compliant banking, this guide provides an in-depth analysis of the top banks in the UAE.

Overview of banks in the UAE

The United Arab Emirates (UAE) boasts a robust and diverse banking sector, comprising both national and foreign banks that cater to the financial needs of its residents, businesses, and international clients. As of the latest data, the UAE Banking Federation (UBF) includes 20 national banks (encompassing both conventional and Islamic institutions) and 28 foreign banks operating within the country.

National vs Foreign Banks in the UAE

The UAE’s banking sector features a strong mix of national and foreign banks, each serving distinct needs. National banks like Emirates NBD and FAB offer widespread local presence, Arabic support, and products tailored to residents and nationals. Foreign banks such as HSBC and Standard Chartered focus more on expats and international clients, offering multi-currency accounts, cross-border services, and global wealth management. While national banks lead in retail and SME banking, foreign banks excel in international transactions and offshore solutions—together forming a dynamic, customer-centric banking ecosystem.

National Banks in the UAE

The UAE’s national banks—including Emirates NBD, FAB, and ADCB—form the core of the country’s banking system, offering a full suite of services for individuals, businesses, and government clients. Known for their strong local presence, these banks operate wide branch and ATM networks, making them the go-to choice for salary deposits, home loans, and savings accounts.

Many also provide Islamic banking arms, giving customers the option between conventional and Shariah-compliant products. With continued investment in digital innovation, national banks deliver robust mobile and online platforms that cater to both UAE nationals and expatriates. Their scale, government ties, and product breadth make them central to the UAE’s financial landscape.

For more details, visit each bank’s official website listed below.

Conventional Banks:

Islamic Banks:

Foreign Banks in the UAE

The UAE hosts a wide range of foreign banks, including global names like HSBC, Standard Chartered, and Citibank, which bring international expertise and strong cross-border capabilities to the local market. These banks primarily cater to expatriates, affluent clients, and multinational businesses, offering services like multi-currency accounts, global wealth management, and international transfers.

Though they operate with a smaller branch footprint, foreign banks stand out for their premium offerings, global access, and tailored solutions for internationally mobile customers. Many also provide Islamic banking options alongside conventional services. With a focus on digital convenience and seamless global integration, foreign banks complement the UAE’s financial ecosystem with added choice and international reach.

For more details, visit each bank’s official website listed below.

Top 10 banks in UAE

With dozens of national and foreign banks operating in the UAE, choosing the right one can be overwhelming. To help you narrow it down, we’ve shortlisted the top 10 banks based on savings account features, minimum balance requirements, digital services, and Shariah-compliant options—so you can find the best fit for your financial needs.

Emirates NBD

Formed in 2007 through the merger of Emirates Bank International and National Bank of Dubai, Emirates NBD is the largest banking group in the UAE by assets. With operations in 13 countries, it serves over 14 million customers, including individuals, SMEs, and large corporates.

The bank offers a range of multi-currency savings accounts such as the Smart S@ver, Tiered Savings, and Family Savings Account, with interest rates of up to 2.75% p.a.. Most accounts require a minimum balance of AED 3,000, and customers can enjoy online access, supplementary debit cards, and tailored interest payouts.

Emirates NBD is also recognised for its digital-first approach, offering award-winning platforms like Liv. and ENBD X that support everything from budgeting tools to investments. Its scale, product range, and innovation make it a top choice for UAE residents.

Accounts Offered:

Emirates NBD offers a wide array of banking services beyond savings accounts, including current accounts, personal loans, credit cards, investment solutions, and digital wealth management. The bank is also known for its award-winning digital platforms like Liv. and ENBD X, designed for customers who prefer mobile-first experiences.

Emirates Islamic Bank

Established in 2004 and headquartered in Dubai, Emirates Islamic Bank is one of the UAE’s most prominent Islamic financial institutions. It caters to individuals and businesses looking for Shariah-compliant banking solutions without compromising on innovation or convenience.

Its standout products include the e-Savings Account offering up to 4.50% p.a. and the Kunooz Millionaire Account, which combines profit-sharing with monthly prize draws. Many accounts have no minimum balance or flexible thresholds, making them accessible to a broad customer base.

With robust mobile and online banking, and banking packages tailored for families and Emiratis, Emirates Islamic offers strong value for those seeking ethical, feature-rich savings options.

Accounts Offered:

In addition to savings products, Emirates Islamic Bank provides a full suite of Shariah-compliant financial solutions, including current accounts, personal finance, auto finance, credit cards, and investment products aligned with Islamic principles. The bank also supports digital banking via its mobile app and online portal, making everyday transactions seamless for all users.

First Abu Dhabi Bank (FAB) 

Formed in 2017 from the merger of First Gulf Bank and National Bank of Abu Dhabi, FAB is the largest bank in the UAE by total assets. Headquartered in Abu Dhabi, it provides banking services across retail, corporate, and investment segments.

Its flagship FAB iSave Account offers promotional rates up to 4.50% p.a. on new funds, with no minimum balance requirement and unrestricted withdrawals. After the promo ends, tiered rates apply based on the account balance.

FAB is known for pairing financial strength with customer-centric innovation. Whether through its digital onboarding, personalised wealth advisory, or Shariah-compliant options, the bank meets the evolving needs of UAE savers and professionals.

Tiers Offered:

FAB provides a comprehensive range of services to cater to various customer needs:​

• Personal Banking: Includes accounts, credit cards, loans, and wealth management services tailored for individual customers.​
• Corporate and Commercial Banking: Offers solutions such as business accounts, financing options, trade services, and cash management for businesses of all sizes.​
• Investment Banking: Provides advisory services, capital market solutions, and investment products to support corporate growth and investment strategies.​
• Islamic Banking: Delivers Shariah-compliant products and services, including accounts, financing, and investment options, adhering to Islamic principles.​
• Private Banking: Offers personalized wealth management services, investment strategies, and financial planning to high-net-worth individuals.

Abu Dhabi Commercial Bank (ADCB)

ADCB, headquartered in Abu Dhabi and established in 1985, is one of the UAE’s largest and most diversified banks. It caters to over a million retail customers with a focus on innovation, personalised service, and wide-reaching digital capabilities.

Its savings options include the Active Saver Account with no minimum balance and attractive rates, as well as the Millionaire Destiny Account offering regular cash prize draws. Many of its accounts support multi-currency deposits and mobile management.

ADCB also offers Islamic banking through ADCB Islamic Banking, catering to faith-based savers. The bank’s blend of conventional and Shariah-compliant services makes it a versatile option for a wide range of customers.

Accounts Offered:

ADCB offers a variety of current account options to cater to different customer needs. The ADCB Current Account provides a seamless banking experience with features such as free cheque books (for AED accounts), free e-statements, and access to ADCB Personal Internet Banking and Mobile Banking services. This account is available in AED and other major currencies, offering flexibility for both local and international transactions. Additionally, ADCB's Hayyak Account allows for instant account opening with zero balance requirements, making banking more accessible to a broader audience. ​

For customers seeking Sharia-compliant solutions, ADCB provides Islamic banking options that adhere to Islamic principles, ensuring ethical and interest-free banking experiences.

Mashreq Bank

Founded in 1967, Mashreq is one of the UAE’s oldest privately owned banks and a pioneer in digital banking. It is based in Dubai and serves customers across the UAE and beyond with innovative, tech-driven solutions.

Savings offerings include the Easy Saver Account with no minimum balance and automated saving features, and the Neo Plus Account with rates up to 4.50% p.a. for higher balances. Mashreq’s Neo platform allows for 100% digital onboarding and management.

With a reputation for cutting-edge technology and competitive rates, Mashreq appeals strongly to tech-savvy residents and expats seeking hassle-free, mobile-first savings solutions.

Accounts Offered:

Mashreq Bank's NEO platform offers a fully digital banking experience, allowing customers to open and manage accounts seamlessly through the Mashreq Mobile App. The NEO Current Account caters to everyday transactional needs, providing features such as salary cashback offers and comprehensive online banking services. For those focusing on savings, the NEO Savings Account offers competitive interest rates and easy account management, while the Easy Saver Account provides flexibility with no minimum balance requirements or monthly fees. The NEO Plus Savings Account is designed for customers aiming to maximize their savings with higher interest rates on substantial balances, encouraging disciplined saving habits.​

These accounts are tailored to meet the diverse financial needs of Mashreq's customers, offering flexibility, attractive benefits, and the convenience of digital banking.

Dubai Islamic Bank (DIB)

Established in 1975, DIB is the world’s first full-service Islamic bank, combining Shariah principles with modern banking services. It is based in Dubai and operates across several countries, serving individuals, SMEs, and corporates.

DIB’s savings lineup includes the Al Islami E-Savings Account, Shaatir Account for children, and multi-currency savings options. Expected profit rates are competitively tiered, and digital platforms like alt allow easy access to over 135 services.

Known for its depth in Islamic banking and strong digital focus, DIB is an ideal choice for those prioritising ethical finance alongside convenience and flexibility.

Accounts Offered:

Dubai Islamic Bank's alt platform offers a comprehensive digital banking experience, providing customers with easy, convenient, and secure access to over 135 banking services through the DIB Mobile App, online banking, WhatsApp, and ATMs. This platform allows customers to open accounts digitally, manage finances, and access a wide range of services without the need to visit a branch.

The Al Islami Current Account is designed for everyday transactional needs, offering Sharia-compliant banking with features such as a widely accepted debit card and access to electronic banking services. For those focusing on savings, the Al Islami Savings Account provides attractive expected profit rates and the flexibility of multiple currencies, catering to both individuals and minors.

These accounts and digital solutions are tailored to meet the diverse financial needs of DIB's customers, offering flexibility, attractive benefits, and the convenience of digital banking.

National Bank of Fujairah (NBF)

Incorporated in 1982, the National Bank of Fujairah has grown into one of the UAE’s most customer-focused banks, with strengths in corporate, commercial, and personal banking. It is headquartered in Fujairah.

Its Max Saver Account offers interest rates up to 2.50% p.a., available in both AED and USD, with no salary requirement and one free withdrawal per month. The Savings Basic Account and Classic Current Account support budgeting and cash management needs.

With a growing focus on mobile banking and simple account structures, NBF suits customers looking for flexible savings options without compromising on service quality.

Accounts Offered:

NBF offers a variety of current and savings accounts tailored to meet the diverse needs of its customers. The Classic Current Account provides straightforward banking services with benefits such as free bank statements, debit card issuance, and access to overdraft facilities, all for a minimum monthly average balance of AED 2,500. For those looking to grow their savings, the Savings Basic Account offers high-interest yields and 24/7 access to funds, also requiring a minimum balance of AED 2,500.

These accounts are designed to provide flexibility, convenience, and attractive benefits to NBF's customers, ensuring their financial needs are met effectively.

Standard Chartered UAE

Standard Chartered, a global bank with over 160 years of history, has operated in the UAE since 1958. It blends international standards with local expertise to serve affluent individuals, retail clients, and SMEs.

Savings options include the XtraSaver Account with no minimum balance and competitive interest rates, and the Wealth$aver Account, which links to a customer’s wealth holdings for enhanced rates. Saadiq XtraSaver offers a Shariah-compliant alternative with similar benefits.

Standard Chartered is known for its multi-currency access, global banking features, and strong digital banking experience. It is a top choice for globally minded expats and high-income individuals seeking premium, flexible banking.

Accounts Offered:

Standard Chartered UAE offers a variety of current and savings accounts to cater to different financial needs. The Standard Current Account provides unlimited transactions, a free initial cheque book, and 24/7 access through a globally recognized debit card. For clients seeking Shariah-compliant options, the Saadiq Current Account offers similar benefits with adherence to Islamic banking principles.

On the savings front, the XtraSaver Account allows clients to earn competitive interest rates with no minimum balance requirement, available in both AED and USD currencies. The Saadiq XtraSaver Account offers similar features within a Shariah-compliant framework, utilizing the Mudarabah profit-sharing principle. For those looking to integrate their savings with wealth management, the Wealth$aver Account provides profit rates up to 3.50% per annum, access to multiple currencies, and aligns with Islamic banking standards.

RAKBANK

Established in 1976, RAKBANK is one of the UAE’s most dynamic retail-focused banks. Based in Ras Al Khaimah, it has repositioned itself over the years to serve everyday savers and SMEs with practical, high-value products.

Its Savings Account offers a base rate of 0.25% p.a., with an additional booster of up to 1% for qualifying balances. New customers enjoy three months of no minimum balance, after which AED 3,000 is required to avoid a fee.

RAKBANK’s clean mobile app, reliable customer support, and competitive FX and trade services make it a solid everyday choice for individuals and entrepreneurs alike.

Accounts Offered:

RAKBANK offers a comprehensive suite of personal and business banking services, including credit cards, personal and auto loans, and insurance products. For businesses, the bank provides tailored SME solutions, trade finance, and cash management. With a strong focus on digital innovation, RAKBANK also supports easy account management through its mobile app and online banking platform.

Abu Dhabi Islamic Bank (ADIB)

Founded in 1997 and headquartered in Abu Dhabi, ADIB is one of the UAE’s most prominent Islamic financial institutions, offering a full spectrum of Shariah-compliant services to individuals, businesses, and government clients.

It delivers modern digital solutions alongside traditional values, with savings accounts like the Ghina Savings Account that offer profit-sharing and monthly cash prize draws. Most accounts require a minimum balance of AED 3,000, and are accessible via its user-friendly mobile app.

ADIB’s strong ethical positioning, competitive profits, and mobile-first strategy make it an excellent option for customers looking for trusted, values-aligned savings in the UAE.

Accounts Offered:

ADIB offers a variety of current and savings accounts tailored to meet the financial needs of its customers. The Current Account provides flexibility with multiple currency options, a free Visa debit card, and convenient access through online and mobile banking platforms. For those seeking to grow their savings, the Savings Account operates on the Mudaraba profit-sharing principle, offering competitive profit rates, a free Visa debit card, and easy access to funds. Additionally, the Ghina Savings Account not only provides profit-sharing benefits but also offers customers the chance to participate in monthly prize draws, enhancing the appeal for those looking to maximize their savings potential.

Upgrade your savings strategy with smarter alternatives

While traditional savings accounts in the UAE offer stability, many come with balance requirements and modest interest rates. For those seeking more flexibility and higher potential returns without locking up their money, there are alternative solutions worth exploring.

StashAway Simple™, for instance, is a cash management solution that offers competitive returns up to 4.3% p.a. while maintaining high liquidity—meaning you can access your funds at any time, just like a regular savings account. It’s a modern way to grow your money smarter, without the traditional trade-offs.