RAKBANK F@st S@ver | MoneyCamel

RAK Bank

RAKBANK F@st S@ver

CAMEL VIEW
  • Interest calculated daily & paid monthly.
  • No minimum Balance & no Maintenance fee.
  • Only for salaried or self-employed individuals.
  • Branch transactions are restricted for this account.
FEATURES
Interest/Profit Rate 
2.00 % p.a.
Average Balance 
AED 0
Free Internet Access 
Yes
Phone Banking Facility 
Yes
Interest Bearing Account 
Yes
Debit Card Facility 
Yes
Multiple Currency 
AED, USD
Funds Transfer Facility 
Yes
No. of debit transactions allowed 
1
FEES & CHARGES
ADDITIONAL INFORMATION

No cap on maximum account balance on which interest can be earned for AED accounts. You can also open the account online through "Click & Collect".

Benefits 

Maximize your savings with high interest rates of up to 2% p.a. (AED) and up to 0.6% p.a.(USD). Interest is paid monthly and is based on the following account balance tiers (for AED only): 2.00% for <= AED 500K 1.50% for > 500K to <= 2 Million 1.25% for > AED 2 Million to <= AED 5 Million 1.00% for > AED 5 Million to <= AED 25 Million 0.75% for > AED 25 Million

Other Benefits & Conditions 

There is No Minimum Balance required or Account Maintenance Charges. Get Free EDM Cash & Cheque deposits & Free RAKdirect & Mobile Banking Channel facilities.

Fine Print 

1 withdrawal and/or 5 Utility/RAKBANK Credit Card payments allowed per month. 0.50% p.a. (AED) and 0.15 % p.a. (USD) interest rate will apply for more than the permitted transactions.

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