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The Saudi Investment Bank - Time Deposit
Minimum Deposit Required Annual Return Annual Fee Choice of Terms Features
The Saudi Investment Bank - Time Deposit The Saudi Investment Bank - Time Deposit Minimum Deposit Required: SAR 10,000 Annual Return: 1.5% Annual Fee: SAR 0 Choice of Terms: - Features: Multiple Currencies, Deposit Multiple Currencies
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The Saudi Investment Bank Time Deposit Features:
  • Available in Saudi Riyals and US Dollars.
  • Choice of investment period from 1 week to 12 months.
  • You have the flexibility to choose a term that best suits your needs. The rate of interest does not change during the term of the deposit.
  • This is a conventional banking product
  • Interest is paid on maturity and can either be added to the principal amount and rolled-over for another period or credited to your account.
Eligibility:
  • Age:
    • 18 years.
    • 15 years for Saudis holding a valid ID card.
  • Nationality:
    • Saudis.
    • GCC citizens with valid passport, or national identity card (applicable only to citizens of Bahrain, Oman, Qatar and UAE), and proof of address in the Kingdom (evidenced by a utility bill, house rental contract, real estate title deed, or a letter from a Saudi citizen attesting to the GCC citizen’s address) along with their home country address.
    • Non-Saudis (and Non-GCC) holding a valid residency permit (Iqama).