Fixed Deposit Plus Account

Attractive interest rates on deposits with flexible tenures

Want great interest rates and returns? You've come to the right place 

Fixed Deposit Plus

Minimum amount to open Fixed Deposit Plus Account

Fees item 1

Fixed Deposit Plus Account - Attractive Interest Rates

With a Fixed Deposit Plus Account, you’ll be getting even higher interest rates on your deposits. 
For more information, please check the interest rates table.

Attractive interest rates

Minimum Amount
<table>
<thead>
<tr>
<th>Currency</th>
<th>Minimum Amount</th>
</tr>
</thead>
<tbody>
<tr>
<td>AED</td>
<td>25,000</td>
</tr>
<tr>
<td>USD</td>
<td>10,000</td>
</tr>
</tbody>
</table>

Fixed Deposit Plus Account - Feature Card General Table

ELIGIBILITY & FEES

You’re only a few minutes away from your account!

Fixed Deposit Plus Account - You’re a few minutes away from your account!

Fixed Deposit Plus Account - Q6

Min age 18 years old

<ul>
<li style="font-weight: 400;" aria-level="1">The Bank may amend the features, fees, charges, terms and conditions of the Account with 60 days notice to you in advance.</li>
<li style="font-weight: 400;" aria-level="1">The Bank may amend the interest rates for the Account with 30 days notice to you in advance.</li>
<li style="font-weight: 400;" aria-level="1">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.</li>
</ul>

Fixed Deposit Plus Account - Key Terms and Conditions

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Standard Current Account - RakMobile

Bank on the go anytime, anywhere

Fixed Deposit Plus Account- Faq's Divider Title

FAQs

Possibility to make transactions at branch

Deposit

Segment - Personal

Call Me Back Option - Personal/Business start 3000

Submit your details and we’ll be in touch soon

Call me back

Fixed Deposit Plus Account - Terms and Conditions Notification

Important Information 

<ul>
<li style="font-weight: 400;" aria-level="1">If deposit is prematurely withdrawn, penalty of 2% will apply on accrued interest / applied interest for the tenure considering interest rate for the period based on the number of days deposit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).</li>
<li style="font-weight: 400;" aria-level="1">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.</li>
</ul>
 Product Suitability This Product is suitable for customers who are:
<ul>
<li>Willing to park funds (minimum AED 25K and USD 10K) for a fixed tenure (minimum 1 month) and earn attractive interest upon maturity;</li>
<li>Looking to avail a secured lending product against the deposit amount.</li>
</ul>
 Cooling Off Period YOUR RIGHT TO CANCEL
You are entitled to a cooling-off period that starts from the date of signing the Account opening application and is valid for up to 5 business days after the Account opening date. This means that you may choose to cancel your Account opening application or close your Account during this period and the Bank will waive any Account Closure Fee. If you choose to exercise your right to cancel during the cooling-off period, accrued interest (if any) will not be paid. After completion of the cooling-off period, your Account will be subject to standard fees and charges as per our Service and Price Guide available at www.rakbank.ae

Fixed Deposit Plus Account - Warnings

No min salary/income required

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Fixed Deposit Plus Account - Better interest. Better returns.

ACCOUNT FEATURES

If you want an easy way to grow your savings, then this account is for you.
Active Fixed Deposit customers can find their information <a title="here" href="/en/everyday-banking/deposits/fixed-deposit/" target="_blank" rel="noopener">here</a>.

Better interest. Better returns.

Fixed Deposit Plus Account - Interest Rate Table - Divider Title

Enjoy market-leading interest rates on our deposit products.
Want to learn more about our deposit interest rates? Simply reach out to your Relationship Manager /Virtual Relationship Manager or visit the <a title="RAKBANK branch" href="/en/branches-atms/" target="_blank" rel="noopener">RAKBANK branch</a> nearest to you. We&rsquo;d be more than happy to assist you.

Interest rates

For UAE residents & non-residents

Offered to both residents and non-residents

Fixed Deposit Plus Account - feature card container

Fixed Deposit Plus Account - Help Card

Fixed Deposit Plus Calculator

In Page Floating Menu

Minimum deposit amount of AED 25,000 or USD 10,000

Minimum deposit amount of AED 25,000 required

<ul>
<li style="font-weight: 400;" aria-level="1">Customer must have an active RAKBANK Current or Savings Account to fund the deposit and receive deposit returns at maturity</li>
</ul>

Fixed Deposit Plus Account - Other Requirements

Deposit Money for a fixed tenor and earn interest

AED 50,000-above

Personal - Apply From RakMobile

Download the RAKBANK App and apply instantly

Apply through the RAKBANK App

Conventional

Fees

Fees item 2

Fixed Deposit Plus Account - FAQ's

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Withdrawal restriction: Based on the customer segment, a lower or no interest ranging from 0% to 0.25% per annum is applied for premature withdrawal

Withdrawal restriction: Based on the customer segment, a lower or nil interest ranging from 0% to 0.25% per annum is applied for premature withdrawal

Fixed Deposit Plus Account - Wrapper - Tabbed box

Key Fact Statement - Personal

Key Fact Statement - Business

Service and Price Guide - Personal

Service and Price Guide - Business

General Terms and Conditions

Fixed Deposit Plus Account - Relevant Links

Fixed Deposit Plus Account - Q1

AED 20,000-49,999

Fixed Deposit Plus Account - Eligibility

Eligibility

Fixed Deposit Plus Account - Flexible tenures and amounts

Whether you’re looking to put aside a small amount of money for a short period of time or a large sum for multiple years, our flexible tenures will cater to all needs.

Flexible tenures

Tab Listing Parent

<ul>
<li style="font-weight: 400;" aria-level="1">Fixed Deposit Plus is offered for a fixed tenure. During such tenures, customers will not be able to access funds.</li>
<li style="font-weight: 400;" aria-level="1">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.</li>
<li style="font-weight: 400;" aria-level="1">Interest rates are displayed on the website for amounts up to AED 10 Million and USD 2.72 Million and for tenures up to 3 years. To obtain interest rate for higher amounts / tenures, you will need to approach RAKBANK Relationship Manager / Branch.</li>
</ul>

Fixed Deposit Plus Account - Risks and Limitations

Fixed Deposit Plus Account - Calculator

Fixed Deposit Plus Account - Q4

<ul>
<li style="font-weight: 400;" aria-level="1">UAE residents, non-residents, and companies</li>
</ul>

Fixed Deposit Plus Account - Residency

FAQ Accordion Items

Not sure about something? Check our frequently asked questions to find what you’re looking for.

FAQ’s Help Card

Fixed Deposit Plus Account - Q5

Fixed Deposit Plus Account - Hero Item

Fixed Deposit Plus Account - Wrapper - Feature Card

Benefits

Tenor: 1 month to 3 years

Tenore: 1month to 3 years

Fixed Deposit Plus Account - Global Tabbed Box

Available in AED & USD

Available in AED, USD

Fixed Deposit Plus Account - Hero Small

Fixed Deposit Plus Account - Q3

Maximum interest rate of 2.10%

You are required to:
<ul>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms &amp; conditions set out in the application form in detail;</li>
<li style="font-weight: 400;" aria-level="1">Regularly check our website (www.rakbank.ae) for updates;</li>
<li style="font-weight: 400;" aria-level="1">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</li>
<li style="font-weight: 400;" aria-level="1">Always safeguard sensitive banking details such as Account number, chequebook, Debit Card, login ID, passwords, PIN, etc.</li>
</ul>

Fixed Deposit Plus Account - Customer Rights & Obligations

Fixed Deposit Plus Account - Available for everyone

Our Fixed Deposit Plus Account is available for individuals, businesses, and other organisational entities. Regardless of who you are or who you represent, this Account will do wonders for your balance.

Available for all entities

Available for everyone

* less on the interest rate given at the time of the deposit for the actual period of deposit placed