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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 2.00% p.a.

  • Increase your savings and enjoy monthly interest rates of up to 1.5% p.a.
  • Earn an additional quarterly bonus of 0.25% p.a. in case of no debit transactions in a quarter
  • Earn an additional bumper bonus of 0.25% p.a. in case of no debit transactions in a year
  • You can open a RAKbooster Online Savings Account in AED or USD
  • Interest for your RAKbooster Savings Account is calculated every day and paid every month

Effective 1st Dec 2019:

RAKbooster Rates - AED
Balance Tiers Interest Rate (p.a.)
From AED 25K to AED 200K 0.50%
Greater than AED 200K to AED 500K 1.00%
Greater than AED 500K to 1 Million 1.25%
Greater than AED 1 Million to AED 25 Million 1.5%

 

Effective 1st Dec 2019:

RAKbooster Rates - USD
Balance Tiers Interest Rate (p.a.)
From USD 6.5K to USD 50K 0.50%
Greater than USD 50k to USD 150k 1.00%
Greater than USD 150k to USD 1.5 Million 1.25%
Greater than USD 1.5 Million to 6.5 Million 1.50%
  • 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.

*Note: Verification Image text is case sensitive