Faye \fa-ye\ as a girl's name (also used as boy's name Faye), is a variant of Faith (Middle English) and Fay (Old French), and the meaning of Faye is "loyalty; belief".
The baby name Faye sounds like Fae, Fe, Fey and Fee. Other similar baby names are Kaye, Caye, Gaye, Jaye, Maye and Raye.