RAKstarter Account

Account Features

Starting up? This is the account for you

Kickstarting a business? We know you've got a lot to organise. That’s why the zero-balance RAKstarter Account is here to make your journey a whole lot easier. Enjoy a range of currency account options, attractive interest rates, exclusive business financing deals and more.

payments

Available in different 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 interest rates – helping you boost your capital while you focus on 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 Stirling	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. 30 days notice will be given to the customer.

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