RAKBANK Gold Account RAKBANK Min. Salary AED Min. Balance 0 AED Interest Rate 0% Non Maintenance Fee 0 AED Features Conventional Banking Internet Banking Mobile Banking The RAKBANK Gold account is an account where you can trade with gold. The account holder can buy, sell, or save digital gold using it. Apply Now Benefits Buy or sell digital gold anytime at competitive prices using the gold account. Save regularly through a monthly standing order. Start with as small as 1 gm investment Redeem physical gold at select bank branches. Earn capital gains whenever there is a gold price appreciation. Use digital banking to buy/sell gold at your convenience. 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 There is no interest paid on the gold account. Documents Required Apply online for this account Eligibility Individual or business customers can avail of this account. Non-residents and offshore company account holders can apply. Addition Information The proceeds from the sale of gold are credited to your RAKBANK account. The pricing of gold is on the bank’s real-time buying and selling rates of gold. Apply Now
