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ACCOUNT FEATURES

High interest. Peace of mind.

If you want an easy way to grow your business savings, then this account is for you. Enjoy all the features of our improved Fixed Deposit Plus Account, with a guaranteed return of investment and better interest rates.

Fixed Deposit Account customers can find their information here.

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Available for all entities

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Flexible tenures and amounts

For AED and USD accounts
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Attractive interest rates

Based on tenures and amounts
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Minimum Amount

Currency Minimum Amount
AED 15,000
USD 5,000

Interest Rates

Interest Rates (% p.a.)— AED

Amount ≥7 days to <15 days ≥15 days to <1 Month ≥1 Month to <3 Months ≥3 Months to <6 Months ≥6 Months to <12 Months ≥12 Months to <18 Months ≥18 Months to <24 Months 2 years 3 years
≥15K up to 10M 3.42% 3.42% 3.40% 3.45% 3.42% 3.71% 3.45% 3.61% 3.61%

Interest Rates (% p.a.) — USD

Amount USD ≥7 days to <15 days* ≥15 days to <1 Month ≥1 Month to <3 Months* ≥3 Months to <6 Months ≥6 Months to <12 Months ≥12 Months to <18 Months ≥18 Months to <24 Months 2 years 3 years
≥5K up to 2.72M 3.40% 3.40% 3.41% 3.44% 3.49% 3.57% 3.35% 3.45% 3.40%

 

Note:

  • Life insurance cover is not offered on Fixed Deposit Plus
  • No interest applicable for Fixed Deposit Plus amounts below 15K and USD 5K and for tenure below 7 days.
  • Above rates are fixed and quoted on a per annum basis and are subject to change without prior notice.
  • For deposit amounts greater than 10M or USD 2.72M, please contact your Relationship Manager or visit any RAKBANK branch.
  • Interest is paid upon maturity or upon premature withdrawal if applicable.

Fixed Deposit Plus Calculator

How to use this calculator
  1. Choose your preferred currency
  2. Enter the amount you wish to deposit
  3. Select how long you will hold this deposit in the account
  4. Click on "Calculate"
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Disclaimer
Estimated interest amount shown above is for illustration purpose only. Actual interest amount applicable may vary based on the actual balances maintained in your account, interest rate, interest period and as per product terms and conditions.

ELIGIBILITY & FEES

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