Web Content Viewer


RAKvantage is a high interest rate AED/USD Personal Banking account for UAE residents and non- resident GCC Nationals in the UAE.

This account is offered to RAKselect & RAKelite customers.

  • Unlimited FREE cheque books and drawings
  • Instant account access for bill payments and account transfers through RAKdirect our 24-hour telephone banking service


Balance Amount Interest Rate (Per Annum)
50,000 - 99,999 0.10%
100,000 - 249,999 0.15%
250,000 and above 0.35%

Effective from 10th August 2020

Balance Amount Interest Rate (Per Annum)
500,000 to 999,999 0.15%
1 Million and above 0.25%

Effective from 10th August 2020

* The minimum average monthly balance is AED 3,000 / USD 10,000. If this balance is not maintained, a fee of AED 25 / USD 25 will be levied. (Note: Effective 1st May, 2011)

Note: If interest payable is less than AED 10 or USD 10, then no interest will be credited.

In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.

Welcome to RAKBANK Chat

Chat Live with our customer service representative for queries and support


  • No information will be disclosed on live chat for your existing products if the chat is not authenticated on this session.
  • If you would like to discuss confidential information with an agent, you will need to login and authenticate the chat.
  • For security reasons, kindly close the chat window immediately after chat is completed.
  • Your chat sessions may be recorded for our training and quality assurance programme.

Share your Feedback