| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
ANB - Time Deposits
|
Minimum Deposit Required: SAR 100,000 | Annual Return: 0% | Annual Fee: SAR 0 | Choice of Terms: - | Features: Multiple Currencies |
Let your money work harder for you. The Time Deposits Account provides a good return on your deposits
Instant access to account Minimum investment amount is SR 50,000 Competitive rates Open account in SAR or International currencies
Update account online Option to renew your investment without visiting the branch, through assigning power of attorney. Confirmation Advice of your investment in Arabic or English All investment products are available for Saudi individuals, expatriates, corporate and establishments
Features & Benefits:
and Banking Solutions:
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
