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Fixed Deposit Plus

Fixed Deposit Plus

Want great interest rates and returns? You've come to the right place

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ACCOUNT FEATURES

Better interest. Better returns.

If you want an easy way to grow your savings, then this account is for you.

Active Fixed Deposit customers can find their information here.

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Available for everyone

Individuals and businesses
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payments

Flexible tenures

For large and small amounts
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Attractive interest rates

Based on your deposit amounts
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Minimum Amount

Currency Minimum Amount
AED 25,000
USD 10,000

Interest rates

Enjoy market-leading interest rates on our deposit products.

Want to learn more about our deposit interest rates? Simply reach out to your Relationship Manager /Virtual Relationship Manager or visit the RAKBANK branch nearest to you. We’d be more than happy to assist you.

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:
    • Customer must have an active RAKBANK Current or Savings Account to fund the deposit and receive deposit returns at maturity

FAQs

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AED and USD. All other currencies are available upon request.

You can:

  1. Rollover your deposit for the same period at prevailing interest rates. You can choose to rollover either the principal amount or the entire proceeds.
  2. Credit the proceeds of your deposit to your selected RAKBANK Account.
No, a chequebook and debit card cannot be issued for Fixed Deposit Plus accounts.

All resident and non-resident individuals and companies can benefit from Fixed Deposit Plus.

The minimum amount required to open a Fixed Deposit Plus account is 25,000 or USD 10,000.

Yes, your interest rate at the time of deposit will be lowered by 2%. The penalty is applied on the accrued interest if any and not on the principal amount.

Relevant links

Key Fact Statement - Personalarrow_forward
Key Fact Statement - Businessarrow_forward
Service and Price Guide - Personalarrow_forward
Service and Price Guide - Businessarrow_forward
General Terms and Conditionsarrow_forward

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RAKBANK App

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