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Recurring Deposit

At RAKBANK, we offer a recurring deposit which allows you to save a small amount monthly with an assured return at the end of the tenor.

  • High Interest Rate – Earn Interest rate as high as 2.5% pa
  • Low Monthly deposit – Start saving on a monthly basis with installments as low as AED 350/- per month. 
  • Flexible Tenor – Starting from 1 – 5 years 
  • Guaranteed return – Know your expected return upfront 

Monthly Savings Amount

  • Minimum : AED 350
  • Maximum : AED 10,000

Interest Rate:

For a much smaller saving per month, earn interest rate equivalent to a Fixed Deposit.
 

Tenor Rate
Up to 2 years 2%
3-5 years 2.5%

 

Tenor:

  • Minimum : 12 months 
  • Maximum : 5 years        

Interest Calculation

  • Interest will be accrued daily and compounded annually  

Delayed / Defaulted Payment

  • No penalty for delayed / defaulted payment 

Click here to see how much you can earn with Recurring Deposit 

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