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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 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.

Effective 10th March 2020:

RAKbooster Rates - AED
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:

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 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 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
  • RAKbooster Savings Account can be operated only through Digital Banking

  • RAKbooster Savings Account can be active only in conjunction with a current or savings account. If no current or savings account is held, then the bank may close the RAKbooster Savings Account at its discretion

 *Utility payments should be performed through Digital Banking.

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