RAKstarter Account

Interest rates (p.a.) applicable to AED denominated accounts, effective 1 April 2022

From (AED)	To (AED)	Interest Rate
500,000	4,999,999.99	0.10%
5,000,000	14,999,999.99	0.15%
15,000,000	15,000,000+	0.25%*

Interest rates (p.a.) applicable to USD denominated accounts, effective 1 April 2020

From (USD)	To (USD)	Interest Rate
500,000	4,999,999.99	0.10%
5,000,000	9,999,999.99	0.15%
10,000,000	10,000,000+	0.25%*

*Using differential interest calculation method

Interest charges (p.a.) applicable to GBP, CHF, EUR and JPY denominated accounts, effective 1 September 2022

Currency	Currency Code	Interest (% p.a.)
British Pound Stirling	GBP	0%
Japanese Yen	JPY	-0.6%
Euro	EUR	0%
Swiss Franc	CHF	0%

Note:

Interest rates are subject to change as per the Bank's discretion. 30 days notice will be given to the customer.

If you do not wish to earn interest on your existing RAKstarter Account, please write to us at businessbanking@rakbank.ae from your registered email ID.