Fixed Deposit Account

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ACCOUNT FEATURES

High interest. Peace of mind.

If you want an easy way to grow your business savings, look no further because the Fixed Deposit Account is for you!

Get ready to experience guaranteed ROI and high interest rates starting today.

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Low minimum monthly balance

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Available for Individuals and Entities

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payments

Flexible tenures and amounts

For AED and USD Accounts

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Auto renewal and top-up facility

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Attractive interest rates

Based on tenures and amounts

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Minimum Amount

Currency	Minimum Amount
AED	25,000
USD	10,000

Interest Rates

Interest rates (p.a.) applicable to AED:

Amount AED	≥1Months to < 3 Months	≥3 Months to <6 Months	≥ 6 Months to <12 Months	= 1 Year to < 2 Years	2 Years	3 Years
≥ 10K to < 25K	0.05%	0.10%	0.15%	0.20%	0.25%	0.30%
≥ 25K to <200K	0.05%	0.10%	0.15%	0.30%	0.35%	0.40%
≥ 200K to <600K	0.05%	0.10%	0.25%	0.40%	0.45%	0.50%
≥ 600K to <1.5M	0.05%	0.10%	0.25%	0.50%	0.55%	0.60%
≥1.5M up to 2.72M	0.10%	0.20%	0.35%	0.60%	0.65%	0.70%

Interest rates (p.a.) applicable to USD:

Amount AED	≥1Months to < 3 Months	≥3 Months to <6 Months	≥ 6 Months to <12 Months	= 1 Year to < 2 Years	2 Years	3 Years
≥ 10K to < 200K	0.03%	0.05%	0.10%	0.20%	0.25%	0.30%
≥ 200K to <600K	0.05%	0.10%	0.15%	0.20%	0.25%	0.30%
≥ 600K to <1.5M	0.05%	0.10%	0.15%	0.30%	0.35%	0.40%
≥1.5M up to 2.72M	0.10%	0.15%	0.20%	0.40%	0.45%	0.50%

Note:

For Fixed Deposit amounts below AED 25K and USD 10K and for tenor below 1 month, the applicable interest rate is 0%.
Above rates are quoted on a per annum basis and are subject to change.
For Deposit amounts in excess of AED 10M or USD 2.72M, please contact your relationship manager or visit any RAKBANK branch.
Fixed deposit rates are also applicable on deposits that are placed for security purposes (Secured Deposit).
Fixed Deposit product is not available on the digital banking platforms.

Benefits

Get exclusive benefits with your Fixed Deposit Account

Life Insurance Coverage

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Dedicated Relationship Manager

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FAQs

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FAQs

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