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RAKvantage

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)
0 - 9,999 NIL
10,000 - 49,999 0.25%
50,000 - 99,999 0.50%
100,000 - 249,999 0.75%
250,000 - 499,999 1.00%
500,000 - 999,999 1.00%
1 Million up to 5 Million 1.00%
5 Million up to 10 Million 1.25%
10 Million up to 25 Million 1.25%
>= 25 Million 1.00%
Balance Amount Interest Rate (Per Annum)
0 - 9,999 NIL
10,000 - 49,999 NIL
50,000 - 99,999 NIL
100,000 - 249,999 NIL
250,000 - 499,999 0.25%
500,000 - 999,999 0.50%
>= 1 Million 0.75%

* 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.