Second Quarter Profit Rates 2020
Declared Profit Rates* for the Second Quarter ending 30th June 2020 are as follows:
Advantage Account
AED | USD | ||
---|---|---|---|
Amount Slabs | Advantage Profit Rate | Amount Slabs | Advantage Profit Rate |
50,000 - 99,999 | 0.25% | 500,000 - 999,999 | 0.25% |
100,000 - 249,999 | 0.50% | 1 Mio and above | 0.50% |
250,000 and above | 0.75% |
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Business Finance Accounts / Business Starter Account
AED | USD | ||
---|---|---|---|
Slabs | Proposed Rates | Slabs | Proposed Rates |
1 Mio up to 4.99 Mio | 0.10% | 500,000 to 4.99 Mio | 0.10% |
5 Mio up to 14,999,999 | 0.15% | 5 Mio to 9,999,999 | 0.15% |
15 Mio up to 25 Mio | 0.25% | 10 Mil and above* | 0.25% |
25 Mio and above* | 0.25% |
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*Weighted Average Balance Calculation Method
Savings Account
Currencies | Profit Rate |
---|---|
AED | 0.25% |
USD | 0.25% |
EUR | No Profit Paid |
GBP | 0.25% |
Jood Savings Account
Currencies | Profit Rate |
---|---|
AED | 0.25% |
RAKislamic RAKselect Account
Currencies | Profit Rate |
---|---|
AED | 0.00% |
Call Investment Account
Currencies | Profit Rate |
---|---|
AED | 0.10% |
USD | 0.10% |
EUR | No Profit Paid |
GBP | No Profit Paid |
Term Investment Deposit - AED*
1 month | 3 months | 6 months | 12 months | |
---|---|---|---|---|
25k up to < 100k | 0.25% | 0.50% | 0.75% | 1.00% |
100k up to < 500k | 0.25% | 0.50% | 0.75% | 1.00% |
500k up to < 1 Mio | 0.25% | 0.50% | 0.75% | 1.00% |
1 Mio up to < 5 Mio | 0.25% | 0.50% | 1.00% | 1.25% |
5 Mio up to < 20 Mio | 0.25% | 0.75% | 1.25% | 1.50% |
20 Mio and above | 0.25% | 0.75% | 1.25% | 1.50% |
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Term Investment Deposit - USD*
1 month | 3 months | 6 months | 12 months | |
---|---|---|---|---|
100k up to < 500k | 0.25% | 0.25% | 0.50% | 0.75% |
500k up to < 1 Mio | 0.25% | 0.25% | 0.50% | 0.75% |
1 Mio up to < 5 Mio | 0.25% | 0.50% | 0.75% | 1.00% |
5 Mio up to < 20 Mio | 0.25% | 0.50% | 0.75% | 1.00% |
20 Mio and above | 0.25% | 0.50% | 0.75% | 1.00% |
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*The above rates should not be taken as any prediction, projection or forecast as to the future or likely performance of the accounts.