Open RakBank F@St S@Ver Account Online in Dubai, UAE

RakBank F@St S@Ver Account

Founded in 1976, the National Bank of Ras Al Khaimah (RAKBANK) is a leading banking institution in the UAE and is known for its conventional as well as Islamic banking products. The bank has carved its niche in providing conventional, Shariah-compliant, and online savings and current accounts to ...read more

RAKBANK F@st S@ver account is an online savings account that enables you to easily access your funds and earn high-interest rates on your savings.
RAKBANK, one of the leading banks in the UAE, presents its F@st S@ver savings account that offers competitive interest rates. With no minimum balance or maintenance fees, you can truly enjoy daily interest collection and monthly payouts alongside the flexibility of payments.

Note: This account is not available for new customers. As an existing holder of the RAKBANK F@st S@ver account, you can read the article to learn more about the benefits, fees, and other aspects of this account.

Features and Benefits of RAKBANK Fast Saver Account

This RAKBANK account comes loaded with benefits, which include-

No Minimum Balance: Enjoy interest without restrictions on minimum balance
Currency Options: Available in USD and AED denominations.
Interest Rates: Up to 0.5% per annum for AED and up to 0.25% for USD accounts
Transaction Flexibility: One withdrawal/ 5 utility or RAKBANK credit card payments monthly
Debit Card Access: Available exclusively for AED accounts
Interest Calculation: Daily accrual with monthly application
No Maintenance Charges: No fees for maintaining the account or minimum balance requirements

Click here to check out some other bank accounts in the UAE.

RAKBANK Fast Saver Online Account- Fees and Interest

Check out the key interest rates along with the fees and charges of the RAKBANK F@st S@ver account-

Balance Slabs (in AED)	Interest Rate (p.a.) (in AED)
Up to AED 5 Million	0.5%
AED 5 Million to AED 25 Million	0.5%
More than AED 25 Million	0.5%

Fees and Charges

Type of Fees	In AED
Average minimum balance to be maintained	0
Fall below charges	0
Closing account within 6 months	100

How to Apply for a RAKBANK Fast Saver Account?

As mentioned earlier, new users cannot open this RAKBANK account — only the existing ones can continue to use this account.

However, you can check out the best savings bank accounts in the UAE on our site.

Before you leave, check out some more information regarding the RAKBANK F@st S@ver Account via the FAQ section below -

RAKBANK F@St S@Ver Account Frequently Asked Questions

No monthly maintenance charges are applicable to this savings account.

The bank does not offer a chequebook when you open a F@st S@ver account as this account is operated online.

Your monthly bank statement is conveniently delivered via email as part of the account services.

No, as the F@st S@ver account operates online, chequebooks are not provided upon account opening.

To close your RAKBANK Fast Saver account, dial 042130000 to reach out to the dedicated customer care team or visit your nearest branch to consult a relationship manager.