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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 25,000
USD 10,000

Interest Rates

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

Amount ≥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
≥ 25K to < 100K 0.10% 0.15% 0.25% 0.30% 0.30% 0.35% 0.40%
≥ 100K to <500K 0.10% 0.15% 0.25% 1.25% 1.25% 2.00% 2.10%
≥ 500K to <1M 0.15% 0.20% 0.35% 1.25% 1.25% 2.00% 2.10%
≥ 1M to <5M 0.15% 0.20% 0.35% 1.25% 1.50% 2.00% 2.10%
≥5M up to 10M 0.20% 0.30% 0.45% 1.25% 1.50% 2.00% 2.10%

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

Amount ≥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
≥ 10K to < 25K 0.03% 0.05% 0.10% 0.20% 0.20% 0.25% 0.30%
≥ 25K to <200K 0.03% 0.05% 0.10% 1.25% 1.25% 2.00% 2.10%
≥ 200K to <600K 0.05% 0.10% 0.15% 1.25% 1.25% 2.00% 2.10%
≥ 600K to <1.5M 0.05% 0.10% 0.15% 1.25% 1.50% 2.00% 2.10%
≥1.5M up to 2.7M 0.10% 0.15% 0.20% 1.25% 1.50% 2.00% 2.10%

Note:

  • Zero interest applicable for Fixed Deposit amounts below AED 25K and USD 10K and for tenure below 1 month.
  • Above rates are quoted on a per annum basis and are subject to change without prior notice.
  • For deposit amounts in excess of AED 10M or USD 2.72M, please contact your Relationship Manager or visit any RAKBANK branch.

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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Not sure about something? Check our frequently asked questions to find what you’re looking for.

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