RAKBANK Fixed Deposit Plus

• Account available in AED and USD currencies
• Flexible deposit tenor of 1 month to 3 years
• Minimum deposit amount of AED 25,000
• Interest is calculated daily, and paid upon maturity
• Life Insurance cover

• Premature Closure Charges= Penalty Interest will be applicable on premature withdrawal

• For tenure of 3 years:
• For amount AED 25K to 99.99K, 0.30% interest rate
• For AED 100K to 499.99K, 0.40%
• For AED 500K to 999.99K, 0.50%
• For AED 1M to 4.99M, 0.60%
• For AED 5M to 10M, 0.70%

No interest rate applicable for amounts below AED 25K and tenor below 1 Month.

• Duly filled form

• Both resident and non-resident
• individuals and companies
• Minimum deposit of AED 25,000 is required

• Rollover option available for renewal of fixed deposit