Savings Calculator United Arab Emirates
See how your savings grow with compound interest. Set a goal, compare rates, and maximize returns.
See how changes affect your returns
How is compound interest calculated?
A = P × (1 + r/n)^(n×t). P = principal, r = annual rate, n = compounding frequency (12 for monthly), t = years.
What's the difference between compound and simple interest?
Simple interest: you earn interest only on your original deposit. Compound: you earn interest on your interest too — the difference grows massively over time.
How often should I check my savings?
Set it and forget it. Monthly contributions + compound interest do the work. Review quarterly to ensure your rate is still competitive.
Savings accounts and deposit terms in United Arab Emirates
Savings returns in United Arab Emirates are paid in AED. Buzdy holds opening terms for 3 accounts from 23 banks, so you can put a real minimum balance and a real rate into the calculator above.
Looking for a credit card, a loan or a savings account in the United Arab Emirates?
Compare what banks in the United Arab Emirates actually offer — rates, fees and eligibility, updated for 2026.
Savings & deposit accounts in United Arab Emirates
| Account | Bank | Profit / interest | Initial deposit | Minimum balance |
|---|---|---|---|---|
| Mudaraba General Investment | Emirates NBD | Profit rate up to 0.92% p.a. | — | Start with just AED 10,000 (or USD equivalent) |
| Mudaraba Savings Account | Emirates NBD | Minimum tenure of 30 days to avail profit | — | Minimum balance of AED 3,000 |
| Wakala Deposit | Emirates NBD | Profit rates based on investment | — | — |
3 accounts from 1 bank with published opening terms. Amounts are in AED.
Worked example — AED 100,000 saved for 12 months in United Arab Emirates
- Deposit
- AED 100,000
- Rate used
- 0.92% a year
- Compounding
- Monthly
- Value after 1 year
- AED 100,924
- Profit earned
- AED 924
Rate taken from Mudaraba General Investment (Emirates NBD), the highest published rate Buzdy holds for United Arab Emirates. Actual returns depend on the bank's terms and any tax or zakat deduction.
Banks we track in United Arab Emirates
Keep going in United Arab Emirates
Guides for United Arab Emirates
United Arab Emirates — frequently asked questions
Which banks offer savings accounts in United Arab Emirates?
Buzdy lists 3 savings and deposit accounts in United Arab Emirates from banks including Emirates NBD.
What is the best savings rate in United Arab Emirates?
The highest published rate in our United Arab Emirates data is 0.92% on Mudaraba General Investment from Emirates NBD. Rates change often — check with the bank before you commit.
How does compound interest work?
You earn profit on your profit. The calculator above compounds monthly, so each month's interest is added to the balance before the next month is worked out.