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27/11/2017 07:38 AST
RAKBank has announced the launch of its new savings deposit account called 'Recurring Deposits', that offers easy access to customers' funds, guaranteed principal, and the ability to earn up to 2.5 per cent interest on their savings.
Ideal for customers
With a minimum tenor of 12 months and a maximum of 5 years, the Recurring Deposits account is particularly ideal for customers that are planning to practice financial discipline, receive guaranteed returns, and gain high interest rate on their savings.
Peter England, RAKBank CEO, said, "The Bank's Recurring Deposit is a simple way for all our individual customers to implement savings as a financial obligation and turn it into a positive habit.
"People are burdened with expenses on a daily basis, where the option of savings is constantly set aside due to other obligations."
"Our Recurring Deposit helps our customers take small steps towards achieving their financial goals and save money for their future and for when they would like to purchase any big-ticket item."
WAM
22/04/2025
RAKBank's total assets increased by Dh12.2 billion, reflecting a growth of 15.5 per cent compared to the first quarter of 2024.
The National Bank of Ras Al Khaimah (RAKBank) on Monday annou
Khaleej Times
06/03/2018
Similarly, last year the Bank signed an agreement with Sharjah Electricity & Water Authority (SEWA) to facilitate the bill payment via its Digital Banking Platform for customers in Sharjah. The SEWA
CPI Financial
23/11/2017
RAKBank has partnered with Ripple to leverage on its global blockchain network (RippleNet) to offer instant and secure money transfer services to Axis Bank account holders based in India. These live
Gulfnews
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | -0.20 (-0.05 |
| FAB | 16.52 | 0.08 (0.48 |
| EMIRATESNBD | 25.40 | 0.50 (2.00 |
| ADCB | 14.40 | 0.48 (3.44 |
| ADIB | 22.18 | 0.28 (1.27 |
15/09/2025
QIIB and Qatari Diar Real Estate Investment Company have signed a Memorandum of Understanding (MoU) aimed at enhancing co-operation in real estate development and financing, by enabling the bank to p
Gulf Times
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United Development Company (UDC), one of Qatar's leading real estate development firms and the master developer of The Pearl Island and Gewan Island, has been awarded two accolades at the 2025-2026 A
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Gulf Times
15/09/2025
KIPCO - Kuwait Projects Company (Holding) - has successfully completed cash tender offers made to purchase in cash, any and all, of the $500 million 4.229 percent notes due on October 29, 2026 (2026
Kuwait Times
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