RAKBANK Flexi Fixed Deposit is a Combination of Current Account and a Fixed Deposit. Flexibility of withdrawing money, auto roll over option for renewal. Deposit tenor of 1 year, high interest rates.
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withdrawal, the Deposit will be broken in multiples of AED 1,000 and a penal rate will be applied on the amount withdrawn, rest of the amount keeps earning regular interest
