A range of useful guides and information covering a wide range of financial decisions and life events.
We’re the world’s largest building society. Run for the benefit of our members. Being a building society means that we’re free to reinvest our profits to improve the products and services we offer.
We’re here to help, whether you need assistance with one of your accounts or if you just have questions you’d like answered.
Regular Savings
Flexible savings with a higher rate the more you save each month
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Designed to encourage you to save and keep on saving. Enjoy flexible savings with unlimited withdrawals and deposit up to £1,000 a month with the option to take a break if you want to.
If you increase your balance by £500 - £1,000 per month.
You can open your account with a maximum of up to £1,000, online or in any Rafidain Bank branch
You'll earn a higher rate of interest the more you increase your overall balance by each month
You can deposit up to £1,000 every month, with the option to take a break if you want
You can withdraw your money as often as you like, but remember your interest rate depends on the overall increase of your balance each month, not how much you have in the account
You can pay in money at any Rafidain Bank cash machine, online or by standing order
Ready to apply for a Regular Savings account?
Protecting your money
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.
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.
Exclusively available to our existing members (eligibility criteria applies), Loyalty Saver is an instant access savings account with tiered interest rates linked to the length of your continuous membership with Rafidain Bank, minimum 1 year, to 5 years, 10 years to a maximum of 15 years.
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.