National Bank of Ras Al-Khaimah PJSC (RAKBANK)
Ras Al Khaimah
https://www.rakbank.ae
National Bank of Ras Al-Khaimah PJSC (RAKBANK) Personal Deposit Accounts
Secure and grow your savings with National Bank of Ras Al-Khaimah PJSC (RAKBANK)'s Personal Deposit Accounts. Enjoy competitive interest rates, flexible terms, and the peace of mind that comes with our reliable banking services.
Minimum Deposit:AED 25,000.00
Tenure:30 - 1095 days
Interest Rate:2.1%
Payment Frequency:On Maturity
Early Withdrawal Penalty:2% reduction on applicable interest rate.
Islamic Deposit:No
Features:
Auto-renewal available; overdraft facility up to 90% of deposit.
Minimum Deposit:AED 10,000.00
Tenure:30 - 730 days
Interest Rate:1%
Payment Frequency:Monthly, Quarterly, On Maturity
Early Withdrawal Penalty:Lower interest applies on withdrawn amount.
Islamic Deposit:No
Features:
Automatically transfers excess funds from linked account.
Minimum Deposit:AED 350.00
Tenure:365 - 1825 days
Interest Rate:2.5%
Payment Frequency:On Maturity
Early Withdrawal Penalty:No interest if withdrawn before 6 months; lower interest applied for withdrawals after 6 months.
Islamic Deposit:No
Features:
Allows small monthly contributions for disciplined savings.
Minimum Deposit:AED 3,000.00
Tenure: - days
Interest Rate:0.1%
Payment Frequency:Quarterly
Early Withdrawal Penalty:None; funds accessible with 2 business days’ notice.
Islamic Deposit:No
Features:
Provides liquidity while earning interest; subject to minimum balance requirements.
