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savings accounts

RAKbooster Account

Boost your savings with monthly and bonus interest rates

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ACCOUNT FEATURES

Attractive interest for the digitally savvy

Boost your savings with interest rates of up to 1.75% p.a.
The RAKbooster Account gives you more access to your money than any other account of its kind, and offers bonus interest rates, flexible withdrawals and credit card payments.

RAKbooster is an online account and is available in AED and USD.

Interest Rates Table

Best online savings interest rates to help you grow

RAKbooster Rates - AED

Balance Tiers Interest Rate (p.a.)
From 25K to 1M 0.25%
Greater than 1M to 10M 0.50%
Greater than 10M to 25M 0.75%

 

RAKbooster Rates - USD

Balance Tiers Interest Rate (p.a.)
Greater than USD 50k to USD 1.5M 0.15%
Greater than USD 1.5M to 6.5M 0.25%
BENEFITS

Get more from your savings

Earn bonus interest rates

Earn bonus interest rates

Free monthly statements

Free monthly statements

Ultimate flexibility

Ultimate flexibility

RAKbooster Calculator

How to use this Calculator
  1. Choose your preferred currency
  2. Enter your monthly average balance
  3. Click on "Calculate"
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AED

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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

Kick-start your savings journey

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  • Age:
    • 18 years old and above
  • Residency:
    • UAE residents & non-residents 
  • Other Requirements:
    • Customer must have an active primary/singly held RAKBANK Current or Savings Account and access to Digital Banking for transacting in this account.

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RAKbooster is an online savings account that gives you high interest rates on your savings, and a quarterly bonus payout feature with higher interest rates for bigger deposit amounts.

Only individual conventional account holders are eligible to open a RAKbooster Account.

Yes, in AED and USD.

No, RAKbooster accounts are only available for individuals.

To be eligible for Bonus interest, you must meet the following conditions:

  • Monthly interest must be credited to your account for the preceding three months.
  • No debit transactions were made on the account during the preceding three months.
  • Bonus interest was not already credited during the preceding three months.

Additionally, if you meet the following conditions, you will be eligible for Bumper Bonus interest:

  • Monthly interest must be credited to your account for the preceding twelve months.
  • No debit transactions were made on the account during the preceding twelve months.
  • Bumper bonus interest was not already credited during the preceding twelve months.

No, this account is a digital account that lets you transfer funds or pay bills through our Digital Banking or IVR automated phone system.

To withdraw from your RAKbooster Account, transfer the necessary funds to your RAKBANK Current or Savings Account through Digital Banking or IVR.

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RAKBANK App

Bank on the go anytime, anywhere

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.

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