Personal Accounts
Deposit Accounts
Information & Tools
Personal Credit Cards
Business Credits Cards
Debit Cards
Prepaid Cards
Contactless Payments
Samsung Pay
Apple Pay
Personal Loans
Car Insurance
Travel
Life
Savings Plan
Hospitalisation
Home Insurance
Critical Illness
General Insurance
Health
RAKbooster
The RAKbooster Account gives you more access to your money than any other account of its kind. And it gives a boost to your savings by offering up to 1.75% p.a.
- Increase your savings and enjoy monthly interest rates of up to 1.25% p.a.
- Earn an additional bonus of 0.25% p.a. for preceding 3 months, if there is no debit transactions and if the previous bonus in not credited during preceding 3 consecutive months
- Earn an additional bumper bonus of 0.25% p.a. for preceding 12 months, if there is no debit transactions and if the previous bumper bonus in not credited during preceding 12 consecutive months
- You can open a RAKbooster Online Savings Account in AED or USD
- Interest for your RAKbooster Savings Account is calculated daily and paid monthly.
Interest Rates
Effective 10th March 2020:
|
|
|
|---|---|
| Balance Tiers | Interest Rate (p.a.) |
| From AED 25K to AED 200K | 0.50% |
| Greater than AED 200K to AED 500K | 0.75% |
| Greater than AED 500K to 1 Million | 1.00% |
| Greater than AED 1 Million to AED 25 Million | 1.25% |
Effective 10th March 2020:
|
|
|
|---|---|
| Balance Tiers | Interest Rate (p.a.) |
| From USD 6.5K to USD 50K | 0.50% |
| Greater than USD 50k to USD 150k | 0.75% |
| Greater than USD 150k to USD 1.5 Million | 1.00% |
| Greater than USD 1.5 Million to 6.5 Million | 1.25% |
Terms and Conditions
- Terms and conditions governing Personal Accounts and Digital Banking service will apply
- Interest payout on intra month closure of account will be as per Bank’s policy
- Interest accrual below AED 10 will not be paid
- 1 withdrawal and / or 5 Utility* / RAKBANK Credit Card payments allowed per month to be eligible for monthly interest as per the above mentioned Interest Rates table
- 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 0.5% p.a.
- Minimum amount required to earn interest is AED 25,000
- Monthly minimum balance for RAKbooster Account is AED 3,000
*Utility payments should be performed through Digital Banking.