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RAKstarter SME Bank Account
Introducing our new zero balance account – RAKstarter for all the budding entrepreneurs and startups. Now you can maximize your efficiency and the usage of cash to make banking stress-free and more efficient.
Features and Benefits of RAKstarter SME Account
- RAKstarter Accounts is available in AED, US Dollars, Euro and Pound Sterling (GBP) currencies.
- Earn attractive interest on our RAKStarter Account
- No ledger/ fall back fee
- Access to our array of business financing products
- Unlimited Cheque book facility
- Attractive Foreign Exchange and Trade Finance rates
- Competitive rate of interest on Fixed Deposits
- Dedicated Relationship Manager
- 24 hour Phone banking services
Interest applicable effective 1st April 2019:
| Account Balance slab (AED) | |||
|---|---|---|---|
| From | To | Interest rate | |
| 500,000 | 999,999.99 | 0.25% | |
| 1,000,000 | 4,999,999.99 | 0.35% | |
| 5,000,000 | 14,999,999.99 | 0.50% | |
| 15,000,000 | And above | 0.50%* | |
Interest applicable effective 1st May 2018:
| Account Balance slab (USD) | |||
|---|---|---|---|
| From | To | Interest rate | |
| 250,000 | 499,999.99 | 0.25% | |
| 500,000 | 4,999,999.99 | 0.50% | |
| 5,000,000 | 9,999,999.99 | 0.40% | |
| 10,000,000 | And above | 0.25%* | |
*Differential interest calculation method, Interest rate is subject to change as per bank's discretion
Note: If you do not wish to earn interest on your existing RAKstarter Account, please feel free to write to us at businessbanking@rakbank.ae from your registered email id.
Contact Us
SMS 'Zero' to 7011
042130000
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