Account Features

Upfront profits. No waiting.

Now you don’t have to wait for long periods to enjoy the rewards from your investment.

Get your profit upfront and enjoy your returns right away. U
nlike other fixed deposits, with a Fawrun Term Deposit, profit is paid when you make the deposit, not at maturity. So, whatever you want from life, you can enjoy it right away.

Rates

Profit Rates (%p.a.) – 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% 4.00% 4.00% 4.00% 4.00% 0.40%
≥100K to <500K 0.10% 0.15% 4.00% 4.00% 4.00% 4.00% 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%

 

Profit Rates (%p.a.) - USD

Amount USD ≥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% 4.00% 4.00% 4.00% 4.00% 0.30%
≥25K to <200K 0.03% 0.05% 4.00% 4.00% 4.00% 4.00% 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 2.72M 0.10% 0.15% 0.20% 1.25% 1.50% 2.00% 2.10%


Note:

  • For deposit amount below AED 25K & USD 10K and tenor below 1 Month, applicable profit rate is 0%
  • Above rates are fixed and quoted on per annum basis and subject to change without prior notice
  • For deposit amounts greater than AED 10M or USD 2.72M, please contact your Relationship Manager or visit any RAKBANK branch.
Eligibility & Fees

An investment account with upfront profits

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