Savings Account
RAKBANK · Savings Account
Full decision data for this product is still being gathered. The key facts recorded so far are shown below.
Qrar360 Decision Brief
What is this product?
A savings account from RAKBANK.
Facts not yet fully verified
- the minimum balance
- the Sharia-compliance status
- the last verification date
Key facts
RAKBANK's Savings Account pays 0.25% interest p.a. on AED, USD and GBP balances. Interest accrues daily on the closing balance and is credited twice a year, in June and December. There is no minimum balance requirement for the first 3 months, and customers can choose their preferred account currency.
Product Analysis
- Annual profit / interest rate: 0.25%.
Not yet scored
This product does not have a published Qrar360 Score yet. A score is published only when enough of its facts are verified from official sources to meet our coverage and confidence thresholds. The recorded facts below remain discoverable and comparable.
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Availability by Country
- United Arab EmiratesAvailable
Provided By
This product is provided by . For the institution's licenses and regulatory status, see its profile page.
Sources & verification
Verified facts on this page are linked to their official sources.
Frequently asked questions
- Which countries is Savings Account available in?
- Savings Account is available in: United Arab Emirates.
- What is the return or profit rate for Savings Account?
- The return rate for Savings Account is 25.00%.
