The time deposit allows you to save and grow your money for a set period of time.
Features & Benefits:
- A higher return than other types of account
- Guaranteed rate of return*
- Various possible terms and the option of extending the term on maturity
- No maximum amount
- Account in Saudi Riyal or foreign currencies
- Two business days notice to prevent account rollover
- Authorised Letter of Credit (LC) and Letter of Guarantee (LG) facilities
Requirements:
- Current Account
- Minimum amount of SAR 50,000 or equivalent in foreign currencies