F@st S@ver
The F@st S@ver Online Account gives you more access to your money than any other account of its kind. And it grows your savings… fast.
Benefits of F@st S@ver Account
- Enjoy interest rates of up to 0.50% p.a. for AED and up to 0.25% p.a. for USD at your F@st S@ver savings account in UAE
- 1 withdrawal and/or 5 Utility* / RAKBANK Credit Card payments allowed per month
- No minimum Account Balance or Account Maintenance Charges
- No cap on maximum account balance on which interest can be earned for AED F@st S@ver Accounts
- AED or USD Online Savings Accounts – you decide
- Interest for your Savings Account calculated every day, paid every month
*Utility payments should be performed through Digital Banking.
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Balance Tiers | Interest Rate(p.a.) | |
Up to AED 5 Million | 0.50% | |
> AED 5 Million to <= AED 25 Million | 0.50% | |
> AED 25 Million | 0.50% |
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Balance Tiers | Interest Rate (p.a.) | |
Up to USD 300k | 0.15% | |
> USD 300 k to <= USD 1 Million | 0.15% | |
> USD 1 Million to USD 5 Million | 0.25% |
Terms and Conditions
- If interest payable is less than AED 10 / USD 3, then no interest is credited
- Terms and conditions governing Personal Accounts and Digital Banking service will apply
- Maximum account balance on which interest can be earned is USD 5 million for USD accounts
- Interest payout on intra month closure of account will be as per Bank’s policy
- If customer exceeds count of permitted transactions in a month (1 withdrawal and/or 5 Utility / RAKBANK Credit Card payments) then interest rate will drop to 0.00% p.a. for both AED and USD
Disclaimer
This product is no longer available. Existing account holders will continue to be served