| Minimum Deposit Required | Annual Return | Annual Fee | Choice of Terms | Features | |
|---|---|---|---|---|---|
Riyad Bank - Time Deposit
|
Minimum Deposit Required: SAR 20,000 | Annual Return: 0% | Annual Fee: SAR 0 | Choice of Terms: - | Features: Multiple Currencies |
Competitive return rates with the flexibility to choose from a variety of plans. Your surplus cash can work towards growing your wealth with Time Deposits from Riyad Bank.
Features & Benefits:
- Choose from customized terms
- Returns calculated and accrued on daily basis
- Security of funds
- Automatic rollover including the interest or without
- Invest in Saudi Riyals, USD, GBP or Euros
- Choose to invest for one week up to more than a year
- Option to add or withdraw from the principal amount
- Easy administration
- Efficient support from a dedicated team
** 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.
