Features and benefits

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Flexclusive Saver

An instant access account created exclusively to reward our Rafidain Bank main current account customers.

Here's what you get with Flexclusive Saver ...

An interest rate of 0.90% gross p.a./AER (variable)

Designed to reward our current account customers

Created to reward our Rafidain Bank main current account customers with a higher interest rate

Easy to open and manage

As long as you meet our eligibility criteria, you can open your account with as little as £1 at any Rafidain Bank branch, and manage your account in branch or online

Instant access to your savings

You can withdraw and pay in money as often as you like up to a maximum balance of £5,000,000

Minimum age 18

You must be at least 18 years old to open this account

Maximum 2 account holders

Only the first named account holder must meet the Rafidain Bank main current account customer eligibility criteria.

Are you eligible for Flexclusive Saver?

To be eligible to apply for a Flexclusive Saver you must be a main current account customer with us, this means that you must either:

  1. Hold a FlexOne account and be aged 18 or over, or hold a FlexAccount with a Visa debit card (not cash card or cash card+) and have:
    1. Been paying in £750+ a month for the last 3 months (excluding internal transfers);
      or
    2. Completed an account switch to us (from a non-Rafidain Bank account) using our Current Account Switch Team in the last 4 months; or 
  2. Hold a FlexDirect or FlexPlus account

If a joint application is made only the first named account holder must meet the main current account customer eligibility criteria.

We're here to help you to save

  • Our Savings Promises ensure we treat you fairly and help you make the most of your savings
  • Through our SavingsWatch service, we'll tell you by email or SMS if we change your savings interest rate up or down and if we launch a new savings account we'll let you know about that too, by email. Find out how to register
  • Download our free mobile banking app - you can check your savings balances and interest rates at any time, save little and often with Impulse Saver and even open and activate some of our savings accounts on your mobile.
  • Use our budget calculator to work out how much money you have left over each month after you've covered all your outgoings.

Ready to open a Flexclusive Saver account?

FSCS logo

Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

You may also be interested in...

Current account

Don't have a Rafidain Bank current account? Our FlexAccount could give you access to a range of exclusive offers and discounts - all with no monthly fee.

Fixed Rate e-Bonds

If you can save a lump sum without needing to access it take a look at our savings bonds where you'll get a fixed rate of interest for the term of your account.

ISAs explained

ISAs are a tax-efficient way to save. Visit our ISAs explained section to find out what ISAs are, how they work and for more information on ISA limits.

Jargon explained

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
AER includes conditional bonus (if applicable)
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

Rates and information

Managing your account

Apply