Project interest on an AED savings account, tax-free.
Final balance
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Total deposited
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Interest earned
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Tax on interest
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Worked example
Start with AED 30,000 in an AED savings account, add AED 1,000 a month, and assume a 3% annual rate compounded monthly over 36 months. You deposit AED 30,000 at the start plus AED 36,000 across the three years, so AED 66,000 of your own money goes in. With monthly compounding the balance grows to about AED 70,443, which means roughly AED 4,443 of interest. In the UAE there is no personal income tax and no deposit interest tax for individuals, so the tax on that interest is AED 0 and you keep the full amount.
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How it is calculated
The tool grows your starting balance and your monthly deposits at the annual rate you choose, compounding monthly so that each month’s interest is added to the balance and itself earns interest the next month. Total interest is the final balance less everything you put in, the starting balance plus all the deposits. Unlike Ireland with its DIRT or the UK with a personal savings allowance, the UAE applies no tax to deposit interest for individuals, so the tax line is always zero and the headline interest is what lands in your account. Real-world rates vary by bank and by whether the account has a minimum balance or salary-transfer condition, so treat the rate as indicative and check the current offer.