Term Deposit
The term deposit enables you to save your money for a specified period as a growing deposit
Features:
- A profit rate higher than other accounts.
- Guaranteed rate of return.
- Minimum amount of SAR 50,000 or equivalent in foreign currencies
- Various possible terms and the option of extending the term on maturity
- No maximum amount.
- Account in Saudi Riyals or foreign currencies.
- Two business days’ notice to prevent account rollover.
- Authorized Letter of Credit (LC) and Letter of Guarantee (LG) facilities.
Requirements:
- A valid ID.
- Fill in the current account opening form.
- Fill in the term deposit application.
