RAKBANK Call Deposits offer the flexibility of immediate fund access while earning interest. Ideal for managing large sums with liquidity.

Call Deposit Account With Returns & Low Minimum Balance | RAKBANK UAE

Call Deposit

Enjoy attractive returns, easy access and a low minimum balance



Call Deposit - Fees

No additional funding account required

Call Deposite - Feature Card - Low Minimum 

We’ve made it easy for you to enjoy the full benefits of our Call Deposit Account and avoid any extra fees. 
You'll need to maintain a minimum monthly average balance of AED 3,000 or its equivalent in other currencies.

Low minimum average monthly balance 

Low minimum balance

Looking for higher returns, but don&rsquo;t want to lock away your money? You&rsquo;ve got it. With a Call Deposit Account, you'll earn attractive interest rates on your minimum daily balance with optimum flexibility. You can access your money by giving just two working days notice.

Call Deposit - Make your money work for you

Make your money work for you

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Which account is best for you?

Min age 21 years old

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With the Call Deposit Account, you can keep your mail safe and sound. This means you don't have to worry about missed bills or important letters while you're away. Plus, there's no need to go to the post office &mdash; we&rsquo;ll take care of everything for you.

Call deposit - Hold Mail Facility 

Hold mail facility 

Call Deposite - Need Help Card

Scan the QR code to download the app from the Apple App Store

Download the RAKBANK Mobile app!

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.

Scan the QR code to download the app from the Google Play Store

Standard Current Account - RakMobile

Bank on the go anytime, anywhere

Call Deposit Credit Interest Calculator

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<ul>
<li>The Bank may amend the features, fees, charges, terms and conditions of the Account with 60 days notice to you in advance.</li>
<li>The Bank may amend the profit rates for the Account with 30 days notice to you in advance.</li>
<li>If the Account is not used for a period of 1 year, it will be designated as inactive and you will not be able to transact unless activated again.</li>
<li>If the Account balance is not sufficient to settle outstanding dues, these will be recovered as and when the Account is funded or alternatively from any other Account held by the customer with the Bank.</li>
</ul>

Call Deposit - Key Terms and Conditions

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Key Fact Statement - Personal

Key Fact Statement - Business

Key Fact Statement - Commercial Business

Key Fact Statement - Commercial Elite

Service and Price Guide - Personal

Service and Price Guide - Business

General Terms and Conditions

Call Deposit - Relevant Links

Call Deposite - feature card container

Use our branch and ATM machine locator to find the nearest RAKBANK facility to you within the Middle East, in just a few clicks. Timings are available too.


RAKBANK Branches And ATM Machines Near Me In UAE |RAKBANK UAE

Branches & ATMs

Call Deposite - Terms and Conditions Notification

Important Information 

Credit Interest

Deposit

Segment - Personal

Minimum monthly average balance of AED 3,000 equivalent

Minimum average monthly balance of AED 3,000

Call Me Back Option - Personal/Business start 3000

Submit your details and we’ll be in touch soon

Call me back

<ul>
<li>Legitimate source of income (i.e. salary / business income)</li>
</ul>

Call Deposit - Other Requirements

Call Deposite Account - Help Card

Travel

Retail Call Deposit Interest Calculator Large Tab

Call Deposit - With Salary Transfer

Minimum balance

<ul>
<li>We will require written withdrawal instructions from you with a notice of two working days in order for you to be able to access the funds.</li>
<li>No chequebook and Debit Card is issued with this Account.</li>
<li>Debit Card is required to access Digital Banking facilities, hence, you will not be able to get access to Digital Banking unless you have another transactional Account that provides you with a Debit Card.</li>
</ul>
 Product Suitability
<ul>
<li>Suitable for customers who (are):</li>
<li>Non-resident individuals. However, resident individuals can also apply</li>
<li>Does not require Debit Card and chequebook</li>
<li>Willing to access their funds with prior notice</li>
<li>Wish to earn interest on balances</li>
<li>Willing to maintain minimum monthly average balance of AED 3,000</li>
</ul>
 Cooling-Off Period (Your Right to Cancel) You are entitled to a cooling-off period that starts from the date of signing the Account opening application and is valid for up to 5 business days after the Account opening date. This means that you may choose to cancel your Account opening application or close your Account during this period and the Bank will waive any Account closure fee. If you choose to exercise your right to cancel you must pay any amount owed to us on your Account including any overdrawn balance and any fees or charges related to payments into or out of your Account during the cooling-off period. After completion of the cooling-off period, your Account will be subject to standard fees and charges as per our Service and Price Guide available at www.rakbank.ae.

Call Deposit - Risks and Limitations

In Page Floating Menu

Call Deposit - Maintain a minimum monthly balance 

AED 50,000-above

Call Deposite - High Returns

ACCOUNT FEATURES

With the Call Deposit Account, you can get attractive returns on your savings and access your money easily within two days' notice. It's perfect for individuals and businesses in the UAE or abroad.

High returns. Optimal flexibility.

Personal - Apply From RakMobile

Download the RAKBANK App and apply instantly

Apply through the RAKBANK App

Earn Emirates Skywards Miles with every deposit into your RAKBANK Emirates Skywards Savings Account. Save money and travel more!

RAKBANK Emirates Skywards Savings Account With Skywards Miles | RAKBANK UAE

RAKBANK Emirates Skywards Savings Account

More rewards for Emirates Skywards members

AED 26.25 fee for not maintaining minimum balance

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Which account is the best one?

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Call Deposit - Eligibility

Eligibility

Call Deposit - Hero Small

Call Deposite - Hero Item 

Call Deposite - Feature Card - Earn Attractive Call

Watch your earnings grow with great returns on your savings.



Earn attractive Call Deposit interest rates 

Attractive interest rates 

Call Deposit - Upgrade your experience

Upgrade your experience

Eligibility & Fees

Grow your net worth 

Call Deposite - Divider title with apply now - Grow Your Net Worth

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Call Deposit Debit Interest Calculator

Call Deposite - Cross Sell

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AED 20,000-49,999

Account purpose: Savings

<ul>
<li>21 years old and above</li>
</ul>

Call Deposit - Age

Discover the World Credit Card

Discover the RAKBANK World Credit Card that offers unparalleled benefits including cashback, travel rewards, and exclusive lifestyle privileges.

World Credit Card With Cashback & Travel Benefits | RAKBANK UAE

World Credit Card

Withdrawal restriction: 2 days' prior notice required

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Attractive profit rates with flexibility of withdrawals

Maximum profit rate of 0.10%

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For full details of fees and charges, please refer to our Call Deposit Account <a title="Service and Price Guide" href="/globalassets/rakbank/all-pdfs/001---service-and-price-guides/bilingual/025-sp-retailaccountservice.pdf" target="_blank" rel="noopener">Service and Price Guide</a>.
A monthly charge of AED 25 will apply if your Account falls below the minimum monthly balance.

Fees

No min salary/income required

Call Deposit - We’re here to help.

Debit Interest

Possibility to make transactions at branch

<table>
<thead>
<tr>
<th style="width: 138.993px;">Currency</th>
<th style="width: 116.997px;">Interest Rate (% p.a.)</th>
</tr>
</thead>
<tbody>
<tr>
<td style="width: 138.993px;">AED</td>
<td style="width: 116.997px;">0.10%</td>
</tr>
<tr>
<td style="width: 138.993px;">USD</td>
<td style="width: 116.997px;">0.10%</td>
</tr>
<tr>
<td style="width: 138.993px;">GBP</td>
<td style="width: 116.997px;">0%</td>
</tr>
<tr>
<td style="width: 138.993px;">JPY</td>
<td style="width: 116.997px;">-0.60%</td>
</tr>
<tr>
<td style="width: 138.993px;">EUR</td>
<td style="width: 116.997px;">0%</td>
</tr>
<tr>
<td style="width: 138.993px;">CHF</td>
<td style="width: 116.997px;">0%</td>
</tr>
</tbody>
</table>
&nbsp;
For Personal Call Deposit Accounts, interest is accrued daily and paid quarterly for AED/USD Accounts.
For Business Call Deposit Accounts, interest is accrued daily and paid monthly for AED/USD Accounts.
For both Personal and Business Call Deposit Accounts:
<ul>
<li style="font-weight: 400;" aria-level="1">If interest payable is less than AED 10/USD 3, then no interest is credited.</li>
<li style="font-weight: 400;" aria-level="1">JPY interest charges are accrued daily and applied monthly.</li>
</ul>

Interest Table

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

FAQ’s Help Card

FAQs

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Rewards

Benefits

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Call Deposite - Feature Card - Quick Access

Enjoy high returns on your funds instead of locking away your money. 
 
Our flexible withdrawal conditions mean that you can access your money by giving us two working days notice.

Access to your money

Available in AED, USD, GBP & EUR

Call Deposite - Terms and Conditions

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Call Deposite - Feature Card - Free monthly statements

We understand that peace of mind comes when you stay up-to-date with your accounts.
 
That’s why we send you free monthly account statements as per your preference.

Get monthly account statements

Free monthly statements

Call Deposit - Benefits

Get more from your deposits

For UAE residents & non-residents

Offered to both residents and non-residents

Google Recaptcha Config

<ol>
<li>Your Emirates ID</li>
<li>Your Passport with valid residency visa</li>
<li>Any of the following proof of income</li>
</ol>
<ul>
<li>Salary Certificate</li>
<li>Bank Statements</li>
<li>Payslips</li>
<li>Labour Contract</li>
</ul>

Visit A Branch

A specialist will be able to assist you with the process

Visit a branch

Call Deposit - Hold mail facility

Scan the QR code to download the RAKBANK app from the Apple App Store

Download the RAKBANK App!

Global - RAKBANK APP- Personal

Call Deposite -  Tabbed Box

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<ul>
<li>UAE residents &amp; non-residents</li>
</ul>

Call Deposit - Residency

AED 3,000-19,999

Call Deposite - Competitive Rates

Interest Rates

Competitive rates. Big returns.

Call Deposit - Benefit Cards Container

Salary transfer to this account possible

Call Deposite - Terms And Conditions

Terms and Conditions

You are required to:
<ul>
<li>Review this document and all other terms and conditions set out in the application form in detail;</li>
<li>Regularly check our website&nbsp; <a href="https://rakbank.ae/wps/portal/retail-banking" target="_blank" rel="noopener">www.rakbank.ae</a> for updates;</li>
<li>Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and</li>
<li>Always safeguard sensitive banking details such as Account number, chequebook, Debit Card, login ID, passwords, PIN, etc.</li>
</ul>

Call Deposit - Customer Obligations

Cashback

<ul>
<li>Foreign currency denominated accounts may incur foreign currency services. Applicable foreign currency services will be debited from the available balance. This may cause reducing balance even without customer induced withdrawals.</li>
<li>Foreign currency exchange rates are used for computing minimum balance as well as minimum balance charges. Applicable balance amounts in foreign currency may vary based on the exchange rate variation from month to month.</li>
<li>The Bank may close the Account if KYC or identification documents are not updated regularly, or if required as internal policies or upon request from regulatory / judiciary entities.</li>
</ul>

Call Deposite - Warnings