Term Deposit

The term deposit enables you to save your money for a specified period as a growing deposit
  • 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.
*Profit margin depends on the treasury.
  • A valid ID.
  • Fill in the current account opening form.
  • Fill in the term deposit application.