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RAKBANK Fixed Deposit and Fixed Deposit Plus

Enjoy attractive rates of interest and watch your money grow with our Fixed Deposits and Fixed Deposits 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*

Rates effective from 10th January 2021:

Amount  1 to 2 Months 3 to 5 Months 6 to 11 Months 1 Year -Up to 2 Years
25K to 99.99K 0.10% 0.15% 0.25% 0.50%
100K to 499.99K 0.10% 0.15% 0.25% 0.60%
500K to 999.99K 0.15% 0.20% 0.35% 0.70%
1 Mio to 4.99 Mio 0.15% 0.20% 0.35% 0.80%
5 Mio up to 10 Mio 0.20% 0.30% 0.45% 0.90%

Interest Rate Fixed Deposit Plus – USD*

Rates effective from 10th January 2021:

Amount USD 1 to 2 Months 3 to 5 Months 6 to 11 Months 1 Year -Up to 2 Years
10K to 24.99K 0.03% 0.05% 0.10% 0.20%
25K to 199.99K 0.03% 0.05% 0.10% 0.20%
200K to 599.99K 0.05% 0.10% 0.15% 0.30%
600K to 1.499 Mio 0.05% 0.10% 0.15% 0.40%
1.5 Mio up to 2.72 Mio 0.10% 0.15% 0.20% 0.50%

*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 and for deposit tenors 2 years and 3 years, please contact your Relationship Manager or visit any RAKBANK branch.

For more details, please read FAQ.

Interest Rate Fixed Deposit – AED*

Rates effective from 10th January 2021:

Amount  1 to 2 Months 3 to 5 Months 6 to 11 Months 1 Year -Up to 2 Years
25K to 99.99K 0.05% 0.10% 0.15% 0.40%
100K to 499.99K 0.05% 0.10% 0.15% 0.50%
500K to 999.99K 0.05% 0.10% 0.25% 0.60%
1 Mio to 4.99 Mio 0.05% 0.10% 0.25% 0.70%
5 Mio up to 10 Mio 0.10% 0.20% 0.35% 0.80%

Interest Rate Fixed Deposit – USD*

Rates effective from 10th January 2021:

Amount USD 1 to 2 Months 3 to 5 Months 6 to 11 Months 1 Year -Up to 2 Years
10K to 24.99K 0.03% 0.05% 0.10% 0.20%
25K to 199.99K 0.03% 0.05% 0.10% 0.20%
200K to 599.99K 0.05% 0.10% 0.15% 0.20%
600K to 1.499 Mio 0.05% 0.10% 0.15% 0.30%
1.5 Mio up to 2.72 Mio 0.10% 0.15% 0.20% 0.40%

*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 and for deposit tenors 2 years and 3 years, 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.

*Note: Verification Image text is case sensitive

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