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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 2.5%
- Max your savings and enjoy interest rates of up to 2% p.a. 1 withdrawal and/or 5 Utility* / RAKBANK Credit Card payments allowed per month
- Earn an additional quarterly bonus of 0.5% p.a. in case of no debit transactions in a quarter
- It's an AED or USD Online Savings Accounts
- Interest for your RAKbooster Savings Account calculated every day, paid every month
- Monthly minimum balance for RAKbooster Account is AED 3,000
- Minimum amount required to earn interest is AED 25,000
*Utility payments should be performed through Digital Banking.
Interest Rates
|
|
|
|---|---|
| Balance Tiers | Interest Rate (p.a.) |
| >=AED 25K to <= AED 200K | 1.00% |
| > AED 200K to <= AED 500K | 1.50% |
| > AED 500K to <= 1 Million | 1.75% |
| > AED 1 Million to <= AED 25 Million | 2.00% |
|
|
|
|---|---|
| Balance Tiers | Interest Rate (p.a.) |
| >=USD 6.5K to <= USD 50K | 1.00% |
| > USD 50k to <= USD 150k | 1.50% |
| > USD 150k to <= USD 1.5 Million | 1.75% |
| > USD 1.5 Million to <=6.5 Million | 2.00% |
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
- 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.