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Savings Account
With a RAKBANK Savings Account you can watch your money flourish. Offering highly competitive interest rates* the RAKBANK Savings Account credits interest to your account every six months.
Available in AED, US Dollars, Pounds Sterling and Euro denominations. Other currencies may be approved upon request.
- FREE Debit Card providing access to your account 24 hours a day, 7 days a week through any ATM in the UAE.
- Unlimited access to your savings.
- Option of monthly, quarterly or bi-annual account statements.
- Transfer funds between your accounts easily and conveniently.
| Currency | Interest |
| AED | 0.50 % |
| USD | 0.25 % |
| EUR | 0.25 % |
| GBP | 0.25 % |
NB: If interest payable is less than AED 10, USD 10, GBP 10 or EUR 10 then no payment will be credited.
* A minimum average monthly balance of AED 3,000 is required to maintain a RAKBANK Savings Account. If this is not maintained, the following fees in the currency of the account will be incurred:
| Currency | Minimum average Fee monthly balance | Fee |
| AED | 3,000 | 25 |
| USD | 5,000 | 15 |
| EUR | 10,000 | 15 |
| GBP | 10,000 | 15 |
Note: Above rate effective from 1st May 2011.
For more information, please call us on 04 - 213 00 00 or click here.
