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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 24th March 2021:

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 0.10% 0.15% 0.25% 0.30% 0.35% 0.40%
>=100K to <500K 0.10% 0.15% 0.25% 0.40% 0.45% 0.50%
>=500K to <1Mio 0.15% 0.20% 0.35% 0.50% 0.55% 0.60%
>=1Mio to <5Mio 0.15% 0.20% 0.35% 0.60% 0.65% 0.70%
>=5Mio up to 10Mio 0.20% 0.30% 0.45% 0.70% 0.75% 0.80%

Interest Rate Fixed Deposit Plus – USD*

Rates effective from 24th March 2021:

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% 0.30% 0.35% 0.40%
>=600K to <1.5 Mio 0.05% 0.10% 0.15% 0.40% 0.45% 0.50%
>=1.5Mio up to 2.72 Mio 0.10% 0.15% 0.20% 0.50% 0.55% 0.60%

*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*

Rates effective from 24th March 2021:

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*

Rates effective from 24th March 2021:

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.

*Note: Verification Image text is case sensitive

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