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.