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Fixed Deposit Plus Account

Grow your business savings with great returns and interest rates

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ACCOUNT FEATURES

High interest. Peace of mind.

If you want an easy way to grow your business savings, then this account is for you. Enjoy all the features of our improved Fixed Deposit Plus Account, with a guaranteed return of investment and better interest rates.

Fixed Deposit Account customers can find their information here.

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Available for all entities

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Flexible tenures and amounts

For AED and USD accounts
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Attractive interest rates

Based on tenures and amounts
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Minimum Amount

Currency Minimum Amount
AED 25,000
USD 10,000

Interest Rates

Interest Rates (% p.a.)— AED

Amount ≥1 Month to <3 Months* ≥3 Months to <6 Months ≥6 Months to <12 Months ≥12 Months to <18 Months ≥18 Months to <24 Months 2 years 3 years
≥25K up to 10M 2.60% 2.70% 2.80% 3.00% 2.90% 2.70% 2.70%

Interest Rates (% p.a.) — USD

Amount USD ≥1 Month to <3 Months* ≥3 Months to <6 Months ≥6 Months to <12 Months ≥12 Months to <18 Months ≥18 Months to <24 Months 2 years 3 years
≥10K up to 2.72M 2.60% 2.70% 2.80% 3.00% 2.90% 2.70% 2.70%

 

Note:

  • Life insurance cover is not offered on Fixed Deposit Plus
  • No interest applicable for Fixed Deposit Plus amounts below 25K and USD 10K and for tenure below 1 month.
  • Above rates are fixed and quoted on a per annum basis and are subject to change without prior notice.
  • For deposit amounts greater than 10M or USD 2.72M, please contact your Relationship Manager or visit any RAKBANK branch.
  • Interest is paid upon maturity or upon premature withdrawal if applicable.

Fixed Deposit Plus Calculator

How to use this calculator
  1. Choose your preferred currency
  2. Enter the amount you wish to deposit
  3. Select how long you will hold this deposit in the account
  4. Click on "Calculate"
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AED

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%

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Disclaimer
Estimated interest amount shown above is for illustration purpose only. Actual interest amount applicable may vary based on the actual balances maintained in your account, interest rate, interest period and as per product terms and conditions.

ELIGIBILITY & FEES

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  • Residency:
    • UAE residents, non-residents and companies
  • Other Requirements:
    • Business customer must have a transactional RAKBANK Account to fund the deposit and receive deposit returns at maturity

Relevant links

Terms and Conditions arrow_forward
Key Fact Statementarrow_forward
Service & Price Guidearrow_forward

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Simplify your banking experience with our feature-rich app. From payments to payroll, our comprehensive Banking Solutions provide everything you need to manage your business finances from one secure and easy-to-use platform.

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