Wio Bank has launched a salary-linked banking plan offering up to 6% annual interest on savings, positioning it among the highest-yielding personal accounts in the UAE. The new offering, the Wio Personal Salary Plan, targets salaried residents earning Dh15,000 or more monthly.
The bank, headquartered in Abu Dhabi and backed by ADQ, Alpha Dhabi, and Etisalat, said the plan aims to turn salary accounts into savings and investment tools, allowing customers to earn interest on both fixed savings and current account balances. Customers will earn 6% per annum on Fixed Saving Spaces and 3% on daily balances in their salary-linked current accounts. Wio is the first UAE bank to offer interest on non-savings account deposits.
The product includes multi-currency accounts (USD, EUR, GBP), up to 2% cashback on card spending (capped at Dh2,500/month), and access to investment options across UAE and US stocks, ETFs, and cryptocurrencies. Users can manage these services through Wio’s app-based platform.
The initiative aligns with the growing demand for personal finance tools in the UAE, where financial wellness and cost-of-living pressures have prompted consumers to seek higher returns on idle cash. It also supports the UAE Central Bank’s push for greater digital banking adoption and financial inclusion.
Jayesh Patel, CEO of Wio Bank, said the plan is designed to help users grow wealth passively through interest and automated features. The bank’s platform also offers a paperless onboarding experience and is being promoted as a no-cost employee benefit for companies that enrol their staff.
