Benefits
- Save a small amount monthly regularly
- Interest rates up to 2.5% per annum
- Start saving from AED 350 per month
- Flexible deposit tenor of 1 year to 5 years
- Interest will be accrued daily and compounded annually
- Maximum deposit amount of AED 10,000 monthly
Fees & Charges
NIL
Interest Rates
Interest rate payable up to 2.5% per annum for RAKBANK Recurring Deposit Account.
- For tenor up to 2 years, 2% per annum
- For tenor of 3 to 5 years, 2.5% per annum
Documents Required
- Duly filled form
Eligibility
- Minimum deposit of AED 350 per month is required
Addition Information
- Assured return at end of the tenor
- Guaranteed return payable upfront
- No penalty applicable for any delayed/ defaulted payment