Web Content Viewer

RAKBANK Fixed Deposit and Fixed Deposit Plus

  • Competitive Interest rates
  • Available for individuals and entities
  • Life Insurance cover with Fixed Deposit product 
Currency Minimum Amount
AED 25,000
USD 10,000

Interest Rate Fixed Deposit Plus – AED*
 

Amount  ≥1Months 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% 0.25% 0.30% 0.30% 0.35% 0.40%
≥ 100K to <500K 0.10% 0.15% 0.25% 1.25% 1.25% 2.00% 2.10%
≥ 500K to <1Mio 0.15% 0.20% 0.35% 1.25% 1.25% 2.00% 2.10%
≥ 1Mio to <5Mio 0.15% 0.20% 0.35% 1.25% 1.50% 2.00% 2.10%
≥5Mio up to 10Mio 0.20% 0.30% 0.45% 1.25% 1.50% 2.00% 2.10%

Interest Rate Fixed Deposit Plus – USD*

 

Amount USD ≥1Months 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% 0.10% 0.20% 0.20% 0.25% 0.30%
≥ 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 <1.5 Mio 0.05% 0.10% 0.15% 1.25% 1.50% 2.00% 2.10%
≥1.5Mio up to 2.72 Mio 0.10% 0.15% 0.20% 1.25% 1.50% 2.00% 2.10%

*Note: Life Insurance cover is not offered on Fixed Deposit Plus 

For Fixed Deposit Plus amounts below AED 25K and USD 10K and tenor below 1 Month, applicable interest rate is 0%.

Above rates are quoted on per annum basis and are subject to change without prior notice.

For Deposit amounts in excess of AED 10 Mio or USD 2.72 Mio, please contact your Relationship Manager or visit any RAKBANK branch.

For more details, please read  FAQ.

Interest Rate Fixed Deposit – AED*

 

Amount  ≥1Months to < 3 Months ≥3 Months to <6 Months ≥ 6 Months to <12 Months = 1 Year to < 2 Years 2 Years 3 Years
≥ 25K to < 100K 0.05% 0.10% 0.15% 0.20% 0.25% 0.30%
≥100K to <500K 0.05% 0.10% 0.15% 0.30% 0.35% 0.40%
≥500K to <1Mio 0.05% 0.10% 0.25% 0.40% 0.45% 0.50%
≥1Mio to <5Mio 0.05% 0.10% 0.25% 0.50% 0.55% 0.60%
≥5Mio up to 10Mio 0.10% 0.20% 0.35% 0.60% 0.65% 0.70%

Interest Rate Fixed Deposit – USD*

 

Amount USD ≥1Months to < 3 Months ≥3 Months to <6 Months ≥ 6 Months to <12 Months = 1 Year to < 2 Years 2 Years 3 Years
≥10K to < 200K 0.03% 0.05% 0.10% 0.20% 0.25% 0.30%
≥200K to <600K 0.05% 0.10% 0.15% 0.20% 0.25% 0.30%
≥600K to <1.5 Mio 0.05% 0.10% 0.15% 0.30% 0.35% 0.40%
≥1.5Mio up to 2.72 Mio 0.10% 0.15% 0.20% 0.40% 0.45% 0.50%

*Note: For terms and details of Life Insurance cover please click here.

For Fixed Deposit amounts below AED 25K and USD 10K and for tenor below 1 Month, applicable interest rate is 0%.

Above rates are quoted on per annum basis and are subject to change without prior notice.

For Deposit amounts in excess of AED 10 Mio or USD 2.72 Mio, please contact your Relationship Manager or visit any RAKBANK branch.

Fixed Deposit rates are also applicable on deposits that are placed for security purposes (Secured Deposit)

Fixed Deposit product is not available on the digital Banking platforms.

For more details, please read FAQ.

  • Fixed Deposit Plus is offered for a fixed tenor. During such tenors, customer will not be able to access funds.
  • The minimum deposit amount is AED 25,000 or USD 10,000. Any deposit amount placed below the minimum deposit amount, mainly for secured facility purposes, will accrue 0% interest rate per annum.
  • Interest rates are displayed on website for amounts up to AED 10 Million and USD 2.72 Million and for tenors up to 3 years. To obtain interest rate for higher amounts / tenors, you will need to approach RAKBANK Relationship Manager/Branch.

You are required to:

  • Review this document and all other terms & conditions set out in the application form in detail;
  • Regularly check our website (www.rakbank.ae) for updates;
  • 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
  • Always safeguard sensitive banking details such as a/c number, cheque book, Debit Card, login ID, passwords, pin number etc.
     
  • The Bank may amend the features, fees, charges, terms & conditions of the Account on 60 days’ notice to you in advance.
  • The Bank may amend the interest rates for the Account on 30 days’ notice to you in advance.
  • If the transaction Account linked to the deposit 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.

 

Warnings

  • If deposit is prematurely withdrawn, penalty of 2% will apply on accrued interest/applied interest for the tenure considering interest rate for the period based on the number of days deposit stayed with the bank (Premature withdrawal penalty rate is subject to change)
  • 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.
     
*Note: Verification Image text is case sensitive

Welcome to RAKBANK Chat

Chat Live with our customer service representative for queries and support

*Disclaimer

  • No information will be disclosed on live chat for your existing products if the chat is not authenticated on this session.
  • If you would like to discuss confidential information with an agent, you will need to login and authenticate the chat.
  • For security reasons, kindly close the chat window immediately after chat is completed.
  • Your chat sessions may be recorded for our training and quality assurance programme.

Share your Feedback