Benefits
- Can be opened in AED & USD currencies.
- Debit Card will be provided if you have an AED F@st S@ver Account only.
- Interest rates of up to 0.50% p.a. for AED and up to 0.25% p.a. for USD at your F@st S@ver savings account in UAE
- No cap on the maximum account balance on which interest can be earned for AED F@st S@ver Accounts
- The maximum account balance on which interest can be earned is USD 5 million for USD accounts.
- Interest for the account is calculated on a daily basis and is paid monthly.
- 1 withdrawal and/or 5 Utility* / RAKBANK Credit Card payments allowed per month
Fees & Charges
- Account Closure (Within one year)= AED 100
- Non-RAKBANK ATM Transactions in UAE- Cash Withdrawal = AED 2
- Non- RAKBANK Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1
- Fee for using the ATM outside UAE and GCC = AED 20
Interest Rates
- Interest Rate = 0.50% p.a for AED account
- Interest Rate = 0.25% p.a for AED account
Documents Required
- Passport Copy
- Visa Copy
- Emirates ID
Eligibility
- It is available for individual customers
Addition Information
- Utility payments can be done only through digital banking.
- Interest Accrual below AED 10 will not be paid
- If the customer exceeds the count of permitted transactions in a month (1 withdrawal and/or 5 Utility / RAKBANK Credit Card payments) then the interest rate will drop to 0.00% p.a. for both AED and USD
- You can access F@st S@ver Accounts through IVR(Interactive Voice Response), ATM/EDM and Digital Banking.