# RakBank F@St S@Ver Account **Original Url:** https://www.paisabazaar.ae/bank-accounts/rakbank-fast-saver-account/ RAKBANK offers a range of savings accounts, including the RAKBANK Savings account, the RAKBooster, and the RAKBANK Fast Saver account. These are designed to help customers efficiently save their money while enjoying convenient banking services. The RAKBANK Fast Saver account provides competitive interest rates, easy access to funds, and digital banking features. The account stands as a high-interest, online-only savings account offering attractive returns. _**Disclaimer:** The RAKBANK Fast Saver account is no longer available for new customers. However, existing account holders can continue using it under the bank’s policies._ ## RAKBANK Fast Saver Account- Features and Benefits Bank accountholders enjoy a range of privileges designed to enhance their banking experience. These typically include: * Available in USD and AED currencies * Zero account maintenance charge * No cap is applicable on the maximum account balance on which interest can be earned for an AED account * Interest rate of up to 0.50% per annum for AED currency accountholders * Interest rate of up to 0.25% per annum for USD currency accountholders * Interest on savings is calculated every day and paid every month * 5 utility payments and/or 1 withdrawal/ RAKBANK credit card payments allowed monthly ## How to Open a RakBank Fast Saver Online Account? As mentioned, the bank has been discontinued for new applicants. However, existing customers can continue to access their bank accounts and perform day-to-day banking operations. In case of any queries or issues while availing of the banking services, get in touch with Paisabazaar.ae. Click here to explore other top [bank accounts in UAE](https://www.paisabazaar.ae/bank-accounts/). ## Explore Types of Bank Account [Saving Bank Account](https://www.paisabazaar.ae/bank-accounts/saving-accounts/) [Current Bank Account](https://www.paisabazaar.ae/bank-accounts/current-accounts/) [Salary Bank Account](https://www.paisabazaar.ae/bank-accounts/salary-account-act/) [Open Zero Balance Account](https://www.paisabazaar.ae/bank-accounts/articles/best-zero-balance-savings-account-in-the-uae/) [Business Bank Account](https://www.paisabazaar.ae/bank-accounts/business-accounts-act/) ## RAK BANK Fast Saver Account- Terms and Conditions Given are the terms and conditions of the [RAKBANK](https://www.paisabazaar.ae/bank-accounts/rakbank-accounts-bac/) Fast Saver bank account: * Interest will not be credited if the amount payable is less than AED 10 or USD 3 * All personal accounts and digital banking services are subject to the bank’s applicable terms and conditions * For USD accounts, interest can only be earned on balances up to a maximum of USD 5 million. Any amount exceeding this limit will not accrue interest * If an account is closed mid-month, interest payout will be processed according to the bank’s policy * Customers must adhere to the permitted transaction limits to maintain interest earnings. They are only allowed one withdrawal per month and/or up to five utility or RAKBANK credit card payments within the same period. The interest rate for both AED and USD balances will automatically drop to 0.00% per annum for that month Know the potential of your savings with these FAQs.  ## Frequently Asked Questions ### Q1. How can I access my RAKBANK account? You can either use internet banking or download the bank’s mobile app to access your account from anywhere at any time. ### Q2. Is the RAKBANK Fast Saver Account still available? RAKBANK Fast Saver Account has been discontinued. However, existing customers may still manage their accounts under the bank’s policies. For new customers, RAKBANK offers alternative savings accounts with similar benefits. ### Q3. What were the key benefits of the Fast Saver Account? The account has attractive interest rates, and no minimum balance requirements, and allows online transactions, including bill payments and transfers, while maintaining interest earnings. ### Q4. What were the transaction limits for maintaining interest? Customers were allowed only one withdrawal and up to five bill payments or RAKBANK Credit Card payments per month. ### Q5. How is the interest calculated on the Fast Saver Account? Interest is calculated daily and credited monthly. However, no interest is paid if the monthly earned amount is below AED 10 or USD 3. The maximum balance eligible for interest is USD 5 million. ### Q6. What alternatives does RAKBANK offer for savings? RAKBANK provides various savings accounts with competitive interest rates, flexible banking options, and additional features. Customers can explore these alternatives by visiting a branch or checking RAKBANK’s website. ## Account Types * [Top 15 Salary Accounts in UAE 2026](https://www.paisabazaar.ae/bank-accounts/best-salary-account-uae/) * [Current Account](https://www.paisabazaar.ae/bank-accounts/current-accounts/) * [Saving Account](https://www.paisabazaar.ae/bank-accounts/saving-accounts/) * [Salary Account](https://www.paisabazaar.ae/bank-accounts/salary-account-act/) ## Bank Wise Account * [Citibank Accounts](https://www.paisabazaar.ae/bank-accounts/citibank-accounts-bac/) * [Standard Chartered Bank Account](https://www.paisabazaar.ae/bank-accounts/standard-chartered-bank-accounts-bac/) * [HSBC Bank Accounts](https://www.paisabazaar.ae/bank-accounts/hsbc-bank-accounts-bac/) * [ADCB Bank Accounts](https://www.paisabazaar.ae/bank-accounts/adcb-bank-accounts-bac/) * [Emirates NBD Bank Accounts](https://www.paisabazaar.ae/bank-accounts/emirates-nbd-bank-accounts-bac/) * [Sharjah Islamic Bank](https://www.paisabazaar.ae/bank-accounts/sharjah-islamic-bank-accounts/) * [FAB Bank Accounts](https://www.paisabazaar.ae/bank-accounts/fab-bank-accounts-bac/) * [RAKBANK Accounts](https://www.paisabazaar.ae/bank-accounts/rakbank-accounts-bac/) * [Emirates Islamic Bank (EIB) Accounts](https://www.paisabazaar.ae/bank-accounts/emirates-islamic-bank-accounts-bac/) * [Standard Chartered Salary Account](https://www.paisabazaar.ae/bank-accounts/standard-chartered-salary-account/) * [ADIB Bank Accounts](https://www.paisabazaar.ae/bank-accounts/adib-bank-accounts-bac/) * [CBD Bank Accounts](https://www.paisabazaar.ae/bank-accounts/cbd-bank-accounts-bac/) * [Dubai Islamic Bank Accounts](https://www.paisabazaar.ae/bank-accounts/dubai-islamic-bank-accounts-bac/) * [Al Hilal Bank Accounts](https://www.paisabazaar.ae/bank-accounts/al-hilal-bank-accounts-bac/) * [Al Masraf Bank Accounts](https://www.paisabazaar.ae/bank-accounts/al-masraf-bank-accounts/) * [NBF Bank Accounts](https://www.paisabazaar.ae/bank-accounts/nbf-bank-accounts-bac/) * [Ajman Bank Accounts](https://www.paisabazaar.ae/bank-accounts/ajman-bank-accounts-bac/) ## Bank Account Swift Code * [Al Masraf Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/al-masraf-bank-swift-code/) * [Bank of Baroda Swift Code](https://www.paisabazaar.ae/bank-accounts/bank-of-baroda-swift-code/) * [National Bank of Fujairah Swift Code](https://www.paisabazaar.ae/bank-accounts/national-bank-of-fujairah-swift-code/) * [Dubai First Swift Code](https://www.paisabazaar.ae/bank-accounts/dubai-first-swift-code/) * [Arab Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/arab-bank-swift-code/) * [Habib Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/habib-bank-swift-code/) * [First Gulf Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/first-gulf-bank-swift-code/) * [Commercial Bank International Swift Code](https://www.paisabazaar.ae/bank-accounts/commercial-bank-international-swift-code/) * [Finance House Swift Code](https://www.paisabazaar.ae/bank-accounts/finance-house-swift-code/) * [National Bank of Abu Dhabi Swift Code](https://www.paisabazaar.ae/bank-accounts/national-bank-of-abu-dhabi-swift-code/) * [Union National Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/union-national-bank-swift-code/) * [Samba Swift Code](https://www.paisabazaar.ae/bank-accounts/samba-bank-swift-code/) * [RAKBANK Swift Code](https://www.paisabazaar.ae/bank-accounts/rakbank-swift-code/) * [Sharjah Islamic Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/sharjah-islamic-bank-swift-code/) * [Citibank Swift Code](https://www.paisabazaar.ae/bank-accounts/citibank-swift-code/) * [Standard Chartered Bank SWIFT Code](https://www.paisabazaar.ae/bank-accounts/standard-chartered-bank-swift-code/) * [HSBC Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/hsbc-bank-swift-code/) * [ADCB Swift Code](https://www.paisabazaar.ae/bank-accounts/adcb-swift-code/) * [Emirates NBD Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/emirates-nbd-bank-swift-code/) * [First Abu Dhabi Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/first-abu-dhabi-bank-swift-code/) * [Emirates Islamic Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/emirates-islamic-bank-swift-code/) * [ADIB Swift Code](https://www.paisabazaar.ae/bank-accounts/adib-swift-code/) * [Dubai Islamic Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/dubai-islamic-bank-swift-code/) * [Commercial Bank of Dubai Swift Code](https://www.paisabazaar.ae/bank-accounts/commercial-bank-of-dubai-swift-code/) * [Al Hilal Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/al-hilal-bank-swift-code/) * [Ajman Bank Swift Code](https://www.paisabazaar.ae/bank-accounts/ajman-bank-swift-code/)