RAKBANK Savings Account | MoneyCamel

RAK Bank

RAKBANK Savings Account

CAMEL VIEW
  • FREE Debit Card.
  • Fund transfer facility between accounts.
  • No minimum balance required for first 3 months.
  • Accounts not activated within 30 days of receiving the SMS (through Click & collect) will be closed.
FEATURES
Interest/Profit Rate 
0.50 % p.a.
Average Balance 
AED 3,000
Free Monthly Transactions 
Unlimited
Free Internet Access 
Yes
Standing Instructions Facility 
Yes
Bill Payment Facility 
Yes
Phone Banking Facility 
Yes
Interest Bearing Account 
Yes
Debit Card Facility 
Yes
Multiple Currency 
AED, USD, GBP, EUR
Funds Transfer Facility 
Yes
No. of debit transactions allowed 
Unlimited
FEES & CHARGES
ADDITIONAL INFORMATION

Individuals can apply for the savings account online through "Click and Collect".

Benefits 

Save more with attractive interest rates. Interest is credited to the account every six months. You also get a Free Debit card & unlimited access to your savings.

Other Benefits & Conditions 

You can get monthly, quarterly or bi-annual statements with your Savings Account. If debit card option is selected, monthly statements are issued by default. You can also transfer funds between your accounts easily.

Fine Print 

AED 25 per month is charged for non-maintenance of minimum balance in the account.

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