RAKstarter Account: Zero Balance Business Bank Account For Startups

Account Features

The ideal account for starting a business

The zero-balance RAKstarter Account is designed to support startups from day one, making it easier to focus on growth.

Benefit from multiple currency options, competitive interest rates, exclusive business financing offers, and more, all tailored to help your business move forward with confidence.

payments

Available in multiple currencies

Choose AED, USD, EUR or GBP

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Attractive interest rates

Watch your money grow while you focus on your business

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No ledger or minimum balance fee

To help your business succeed

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Exclusive business financing

We help you grow your business

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payments

Unlimited chequebook facility

Get 1 chequebook free per year

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Grow your money with attractive interest rates

Explore our competitive interest rates, designed to help you grow your capital while you focus on running your business.

Interest rates (p.a.) applicable to AED denominated accounts, effective 1 April 2022

From (AED)	To (AED)	Interest Rate
500,000	4,999,999.99	0.10%
5,000,000	14,999,999.99	0.15%
15,000,000	15,000,000+	0.25%*

Interest rates (p.a.) applicable to USD denominated accounts, effective 1 April 2020

From (USD)	To (USD)	Interest Rate
500,000	4,999,999.99	0.10%
5,000,000	9,999,999.99	0.15%
10,000,000	10,000,000+	0.25%*

*Using differential interest calculation method

Interest charges (p.a.) applicable to GBP, CHF, EUR and JPY denominated accounts, effective 1 September 2022

Currency	Currency Code	Interest (% p.a.)
British Pound Sterling	GBP	0%
Japanese Yen	JPY	-0.6%
Euro	EUR	0%
Swiss Franc	CHF	0%

Note:

Interest rates are subject to change as per the Bank's discretion. A 30-day prior notice will be provided to customers.

If you prefer not to earn interest on your existing RAKstarter Account, please write to us from your registered email address at businessbanking@rakbank.ae.