Account Features

Enjoy immediate returns

Unlike other fixed deposits where profit is paid on maturity, the Fawrun Term Deposit pays the profit when you make the deposit.

That way you get your profit upfront and your returns immediately.

Profit rates in AED & USD

Rates effective from 10 April 2022 (AED)

Amount (AED) ≥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
≥ 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 to 10M 0.20% 0.30% 0.45% 1.25% 1.50% 2.00% 2.10%



Rates effective from 10 April 2022 (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
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 to 2.72M 0.10% 0.15% 0.20% 1.25% 1.50% 2.00% 2.10%

For Deposit amounts below AED 100,000 and USD 25,000, and tenures below 1 month, the applicable profit rate is 0%.

For Deposit amounts in excess of AED 10 million or USD 2.72 million, please contact your Relationship Manager or visit any RAKBANK branch. Applicable for New and Existing Deposits placed with instruction of renewing the deposit for a similar period.

Benefits

Deposit and profit instantly

A Sharia-compliant account

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Choose flexibility

Calculator

Fawrun Term Deposit

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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Tenure must not be less than 0 and more than 0 months

%

Reset

Disclaimer
Estimated profit amount shown above is for illustration purpose only. Actual profit amount applicable may vary based on the actual balances maintained in your account, profit rate, profit period and as per product terms and conditions.

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