Benefits
- Combination of Current Account and a Fixed Deposit
- Flexibility of withdrawing money anytime
- Auto roll over option for renewal of deposit at maturity
- Fixed deposit tenor of 1 year
- Interest is accrued daily
- Interest pay-out at maturity to the linked Current Account
Fees & Charges
- Premature Closure Charges= In case of early withdrawal of Flexi Fixed Deposit, the withdrawal rates will be applied on a pro-rata basis.
Interest Rates
- For Basic Flexi Fixed Deposit, 0.50% per annum interest rate
- For RAKselect, 0.75% per annum interest rate
- For RAKelite, 1.00% per annum interest rate
Documents Required
- Duly filled form
Eligibility
- Deposit account can be opened by all Current Account holders of the bank
Addition Information
- Get high Interest rates on your deposit
- Incase of premature withdrawal, the Deposit will be broken in multiples of AED 1,000 and a penal rate will be applied on the amount withdrawn, rest of the amount keeps earning regular interest