p.a.<br>
Calculated daily.<br>
Paid into your account on maturity.


Interest rates of up to

Start a Recurring Deposit with RAKBANK to build your savings gradually. Benefit from competitive interest rates and flexible tenure options.

Recurring Deposit Account For Savings & Big Returns | RAKBANK UAE

Recurring Deposit

Build big dreams with small regular deposits

Recurring Deposit 

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Recurring Deposit - Benefit Cards Container

Withdrawal restriction: based on the tenor for which money kept with the Bank, a lower or NIL interets @0% to 2% p.a. is applied for premature withdrawal

Withdrawal restriction:  based on the tenor for which money kept with the Bank, a lower or NIL interets @0% to 2% p.a. is applied for premature withdrawal

For UAE residents & non-residents

Offered to both residents and non-residents

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<p>We&rsquo;ll send you monthly SMS notifications to remind you of any upcoming payments or any deposit payments that you might have missed. <br /><br />You can focus on your day-to-day activities and leave the reminders to us!</p>

Recurring Deposit -  SMS Reminders

SMS reminders

Recurring Deposit - High interest rates

Watch your earnings grow with great returns on your deposits. We keep our earning rates high so you can make your money work for you.

Earn attractive Recurring Deposit interest rates

High interest rates

No min salary/income required

Learn More

Recurring Deposit - Flexible Tenures

Start saving with a tenure commitment starting from 1 year and up to 5 years.
<br><br>
For information on access-to-fund during the tenure of a Recurring Deposit, please refer to the Key Fact Statement sheet.

Flexible tenures

Recurring Deposit - Get more from your Recurring Deposit Account

Benefits

Get more from your Recurring Deposit Account

Apply online

Product application has never been this simple

Apply Online

Scan the QR code to download the app from the Apple App Store

Download the RAKBANK Mobile app!

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.

Scan the QR code to download the app from the Google Play Store

Standard Current Account - RakMobile

Bank on the go anytime, anywhere

Recurring Deposit - Big-investor rates for 

Interest Rates

Attractive rates for small regular deposits

Use our branch and ATM machine locator to find the nearest RAKBANK facility to you within the Middle East, in just a few clicks. Timings are available too.


RAKBANK Branches And ATM Machines Near Me In UAE |RAKBANK UAE

Branches & ATMs

Deposit

Segment - Personal

Call Me Back Option - Personal/Business start 3000

Submit your details and we’ll be in touch soon

Call me back

Recurring Deposit - SMS Reminders

Additional funding account required

Minimum monthly deposit of AED 350 is required

Minimum monthly deposit of AED 350 required

Possibility to make transactions at branch

In Page Floating Menu

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AED 50,000-above

Min age 18 years old

Personal - Apply From RakMobile

Download the RAKBANK App and apply instantly

Apply through the RAKBANK App

Tenor: 1 to 5 Years

Recurring Deposit - Small Monthly Deposits

With the Recurring Deposits Account, you can enjoy the benefit of high returns without committing to large monthly instalments.
<br><br>
Open your account with monthly deposits ranging anywhere from AED 350 to AED 10,000 and start earning attractive interest rates.


Small monthly deposits

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Account Features

<p><span style="font-weight: 400;">Our </span><span style="font-weight: 400;">Recurring Deposit Account</span><span style="font-weight: 400;"> offers flexible tenures starting from 1 year up to 5 years and small monthly deposits starting from AED 350.</span></p>

Small deposits meet big returns

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AED 20,000-49,999

<table>
<thead>
<tr>
<th style="width: 138.993px;">Tenure</th>
<th style="width: 116.997px;">Interest Rate (p.a.)</th>
</tr>
</thead>
<tbody>
<tr>
<td style="width: 138.993px;">Up to 2 years</td>
<td style="width: 116.997px;">2%</td>
</tr>
<tr>
<td style="width: 138.993px;">3-5 years</td>
<td style="width: 116.997px;">2.5%</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>

Interest Table

Recurring Deposit - No penalty for late payments

No penalty for late payments

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Recurring Deposit - We’re here to help.

Chat with an agent

Chat with us

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Not sure about something? Check our frequently asked questions to find what you’re looking for.

FAQ’s Help Card

FAQs

Learn More 

Recurring Deposit - Guaranteed Return

With our Recurring Deposits Account, what you see is what you get. You will know how much exactly you’ll accumulate during the tenure of the Account.
<br><br>
Check out the Return Examples sheet (see relevant links below) for an overview of your expected returns. 


Guaranteed return

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Save small amounts monthly

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Available in AED

<ol>
<li>Your Emirates ID</li>
<li>Your Passport with valid residency visa</li>
<li>Any of the following proof of income</li>
</ol>
<ul>
<li>Salary Certificate</li>
<li>Bank Statements</li>
<li>Payslips</li>
<li>Labour Contract</li>
</ul>

Tenure	Interest Rate (p.a.)
Up to 2 years	2%
3-5 years	2.5%